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madrose1

02/02/06 12:20 AM

#454285 RE: Orvis #454269

the trading in GOOG from last nights sell-off was really looking extemely positive on levell II and Inet , though it looked like it was struggling ....always usually a sign of increased PPS later on . I pulled the trigger twice on those retraces back to the $358/59 area where you must have noticed the support coming in too . Wished you'd jumped in , you would a been a happy camper for sure , which is why in some cases have just been happy to play for the bounces lately .


GOOG has been pretty good at signalling bottoms and top resistance normally , being the ATM it is . Overhead resistace now maybe in the $413 area , support around $375 ? About the best I can see for now , going to be a little choppy in here , and all depending on general market direction here .

The metrics out , still showing GOOG taking share from YHOO MSFT etc , and with the lead time of maybe 12-18mos for any of them to really catch up to GOOG's tech puts it still in the leaders position .So back to figuring out how to monetize all the latest GOOG initiatives with streaming vid & music opensourcing etc and whatever else they'll have going . Also GOOG is the leading search in China as well , which is a huge plus . The fact that GOOG "caved in" to China's censure limits is irrelevant and something for the talking heads to gab about , better to have GOOG in China than no Goog ...and good for GOOG.