Why in the hell would you buy Google when there are so many other good stocks.  Buy off previous support or buy on a break out like SBUX.  Look at FSL.  THere is another breakout.  Risk to reward is so much better with so many other stocks.  

Just my opinion. 

I’m already long SBUX, up about 26% so far. I usually play breakouts, but

ocassionally I will play the value card. I think GOOG will be included in the

S&P and I miss my YHOO. FSL looks higher. Thanks.

[quote=skeedaddy]I'm already long SBUX, up about 26% so far. I usually play breakouts, but
ocassionally I will play the value card. I think GOOG will be included in the
S&P and I miss my YHOO. FSL looks higher. Thanks. [/quote]

FWIW GOOG looks ugly on my chart no real sign of support yet.  Good luck to ya.

This is crazy in my opinion but LEGG has GOOG in their VALUE portfolio.   

[quote=Malcolm]

This is crazy in my opinion but LEGG has GOOG in their VALUE portfolio.   

[/quote]

You mean in their value fund? If so, that's the same "value" fund that did great guns in the 1996-2000 growth market by buying names like CSCO at unreal valuations and calling them "value" plays.

That's the fund.  What a joke.

FWIW GOOG looks ugly on my chart no real sign of support yet.  Good luck to ya.

The technical analysis that I use has an avoid, in big red letters.

"Avoid the stock.
If you are Long; close position or monitor stock closely."

They are usually right-on in their analysis.

This weekend’s Barrons cover story is going to trash Google. This might be

the end of the selling pressure. Let’s see the reaction.

For only 100 billion you can get a wonderful deal on GOOG. Still unsure what essential product they offer? I like em and momentum is awesome so maybe there is some money to be made?

MSFT and CSCO have done nothing over the past 3-4 years. Market cap is like 200 to 300 billion. Tough for the bigger companies to really have big increases? At least they have an essential product. Can't run computer with out operating software. Backbone of internet is routers and home networks are good.

“Momentum is awesome?”  Would you explain what you mean to me by that? 

Honestly I am far from an expert as many of you know. Over the past 7 years I have been active with the market. In 2000 there was nothing, but momentum for a ton of stocks that did not even have earnings.

Look at AApl and GOOG. They are awesome companies, but momentum has to be a factor. Now GOOG has lost steam. Maybe for a short time, but the momentum has slowed a bit. For at least a day that is.

Throw in the massive amount of money generated from the war and home equity. There is a large amount of money funding the GOOG, APPL and other momentum. Cheers to the day!

SAN FRANCISCO (Reuters) - Shares of Web search leader Google Inc. -- off 24 percent from highs set last month -- could face a further 50 percent decline, Barron's said in the financial weekly's February 13 edition.

Barron's scenario for a fall in Google's stock is based on speculating about what may happen if mounting competition or fraud by users of its Google's ad-buying system led to a 20 percent shortfall in bullish analysts' 2006 revenue estimates.

The weekly uses a back-of-the-envelope calculation to show how a 20 percent revenue miss could cascade into a 30 percent profit shortfall. Such a drop could then lead to a decline in the price-to-earnings multiple of the stock to 30 times earnings from the present P/E ratio of 41, it said.

"That would make the stock worth $188, versus its recent $360," Barron's reported. The stock traded at levels above $471 on January 11, but closed at $362.61 on Friday on Nasdaq.

The story recites the usual litany of threats to Google's business -- potential competition from Yahoo Inc. and Microsoft Corp. and the vulnerability to Google's advertising franchise from "click fraud" fake ad transactions. And it criticizes the wide use of employee stock compensation.

Barron's quotes several Google bears -- two Wall Street analysts with "sell" ratings on the stock, bearish investment strategist Fred Hickey and former Merrill Lynch Internet analyst Henry Blodget, who a month ago laid out a case for Google falling to $100 on his InternetOutsider blog.

The weekly also sees Google in growing conflict with book publishers, cable companies and telephone companies.

Copyright 2006 Reuters

[quote=skeedaddy]This weekend's Barrons cover story is going to trash Google. This might be the end of the selling pressure.  [/quote]

Huh? Fair or not, Barron's trashing a stock usually doesn't stop selling pressure, it increases it.

As we speak GOOG is down another $18, 5%. All I can say is "BOOYAH JIM"

Glad I shorted this bird…

[quote=mikebutler222]

Huh? Fair or not, Barron’s trashing a stock

usually doesn’t stop selling pressure, it increases it.