See #msg-34487719 - I'm looking for a potential run to about $410-$450 (maybe the 200 day MA), but once it gets there, it's going to head lower yet again. Traders currently believe there's a 31% chance of a depression in 2009, I don't expect Google to show any kind of immunity to such a contraction in the nation's economy. So I'd expect at the very least that low of $247 to be tested some time in '09, if not the $100's coming into play as I said earlier.
Sure Google is a goliath when it comes to revenues and earnings. Those earnings and revenues aren't immune to a recession as we've seen already from the drop of $747 down to $247. We're rebounding now, but it has yet to show the characteristics that it's going to last, it's simply a bull-rally within a larger bear-market.
Good luck, just my opinion.
And there's nothing special about a trailing P/E of 19.4 and a P/S 4.63 when earnings and revenues have frozen like they have currently!
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