Pop goes the google

[drnickriviera]

But some are saying it's still a good buy

 

[tfinch2]

Pop goes the re-post.

 

[drnickriviera]

Bah, just saw it. Search sucks. Is there any order in which the results are displayed?

 

[ondarkness]

l-o-l

 

[OdiN]

It's not a good buy right at this moment.

 

[mugs]

Originally posted by: drnickriviera
Bah, just saw it. Search sucks. Is there any order in which the results are displayed?

You can sort by date

 

[DaveSimmons]

Try Advanced Search next time, it's the one that works.

 

[HeroOfPellinor]

Originally posted by: OdiN
It's not a good buy right at this moment.

Umm....wow.

 

[ChooChooChooseMe]

I read the title as "Pope goes google"

 

[dullard]

Originally posted by: DaveSimmons
Try Advanced Search next time, it's the one that PARTIALLY works.

fixed

 

[dartworth]

Originally posted by: OdiN
It's not a good buy right at this moment.

 

[Juno]

and AMD's going to rise!

 

[Schfifty Five]

Originally posted by: OdiN
It's not a good buy right at this moment.

Do you ever say anything intelligent in threads? So far I have seen none.

 

[AgaBoogaBoo]

Those who bought it at $80 were very smart...

 

[ponyo]

Google has finally lost its mojo. 50 dma shattered and next stop is 200 dma which is in the low 300s. If that cracks, look out below.

I would lean towards short side and short dead cat bounces.

But Google is a religion so it might be tough to crack that 200 dma. Definitely play the long side for the first bounce at 200dma if it drops that far in the next week or two.

 

[JDrake]

Originally posted by: tfinch2
Pop goes the re-post.

sooo crafty :roll:
I wanna buy some google

 

[Descartes]

Originally posted by: drnickriviera
But some are saying it's still a good buy

Right, and there were still analysts recommending Enron all the way down too.

 

[Descartes]

Originally posted by: Naustica
Google has finally lost its mojo. 50 dma shattered and next stop is 200 dma which is in the low 300s. If that cracks, look out below.

I would lean towards short side and short dead cat bounces.

But Google is a religion so it might be tough to crack that 200 dma. Definitely play the long side for the first bounce at 200dma if it drops that far in the next week or two.

DMA? Do you mean SMA or EMA?

MAs of any kind, weighted or not, mean nothing when you have a substantial move in a timeframe significantly shorter than the MA itself.

Also, MAs themselves don't represent any kind of a support/resistance level in themselves; they don't "bounce" off an MA in some predictive manner. What you can do is look to MAs for establishing trends and trend reversals, and in this case we have no trend. The best we can hope for is a period of consolidation after the reaction to earnings factors itself into the price, the panic selling stops, etc.; after the consolidation we'll have to look to a breakout off either side to see if we remain with any upside potential.

 

[ponyo]

Originally posted by: Descartes

Originally posted by: drnickriviera
But some are saying it's still a good buy

Right, and there were still analysts recommending Enron all the way down too.

So true. Not that I'm implying Google is anything like Enron.

I've seen lot of former highflyers. Ride down is lot more scary than the ride up.

 

[ponyo]

Originally posted by: Descartes

Originally posted by: Naustica
Google has finally lost its mojo. 50 dma shattered and next stop is 200 dma which is in the low 300s. If that cracks, look out below.

I would lean towards short side and short dead cat bounces.

But Google is a religion so it might be tough to crack that 200 dma. Definitely play the long side for the first bounce at 200dma if it drops that far in the next week or two.

DMA? Do you mean SMA or EMA?

MAs of any kind, weighted or not, mean nothing when you have a substantial move in a timeframe significantly shorter than the MA itself.

Also, MAs themselves don't represent any kind of a support/resistance level in themselves; they don't "bounce" off an MA in some predictive manner. What you can do is look to MAs for establishing trends and trend reversals, and in this case we have no trend. The best we can hope for is a period of consolidation after the reaction to earnings factors itself into the price, the panic selling stops, etc.; after the consolidation we'll have to look to a breakout off either side to see if we remain with any upside potential.

You're correct. I'm not a technician. I just keep an eye on 50 and 200 moving averages as many people seem to use that as some sort of support levels.

One thing I've seen over the years with highflyers that's taken a hit is that the first drop is not the last one. After the initial panic selling, stock recovers a bit before just sideway moving and consolidating for couple of days before another small leg down later on. Just my observation over the last couple of years.