Monday, October 23, 2006
Well this stock once again broke all-time highs. I seriously do not think this stock will go down significantly until it has a major parabolic run. Reason being is there is some much hype and hoopla about this stock. Everyone mentions it even if they mostly dabble in microcap stocks. And also fundamentally it is not bad either. Many people talk about the Web 2.0 with all the social networking sites like myspace, linkedin, youtube, and countless blogs. Well GOOG is profiting heavily from these sites with their ads and I don't see it ending anytime soon. So it would not be smart to short this stock anytime in the near future.