Short Term Trading Member Forum

[DowDeva]

Sent, are you still in GOOG?

Two interesting PR's...

http://biz.yahoo.com/ap/041121/google_v_microsoft_3.html


http://biz.yahoo.com/ap/041119/google_stock_2.html


On my rudimentary cycle analysis of the stock (11/12 day cycle), the stock topped at only three days, on Wednesday, making it a left translated peak, and more bearish.

On the other (positive)hand, the first wave of sellers most likely finished and the next wave not due til December 18th. Also, as the second article indicates, this stock is heavily shorted by the hedge funds that cater to the general public, i.e., dumb money.

On my short term charts it looks like the stock may dip on Monday (overbought on five minute), then go up (15 min, 1/2 hour charts still plenty of room. However, in the past five days, they have taken it up at the bell (probably taking out puts), and then have dropped it like a rock shortly thereafter.

Best of luck tomorrow. I won't be playing it this week unless something extraordinary happins, the time value at this point on the December options is highway robbery and I am bottom fishing a bit for next week.

Deva