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Matt Allen

$1.35
10/02/08
$1,306,353.80

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Stock Pick by Matt Allen

GOOG: Easily Influenced Stock

Start trading GOOG with real money!

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2 ratings
Posted 518 days ago on 10/18/08

GOOG will go DOWN
$330.00 on 11/18/08
$560.00 (50.32% from time of market call)

This analysis is only good for the period in which we are watching this stock market move 4% each day in opposite directions. Google has moved with the market in the same direction as the market has moved. That said, and having two decent days with the market--watch for another crash in the next few days, as profits are taken--this stock is about to take another plunge. I don't like it, but you might as well face the facts and ride it in the direction it is going. Thursday, the stock was almost down to $300, by close of Friday, it was at $372. Watch it drop back to the $330 area by Tuesday or Wednesday. Strong short sell right now. Once again, this is not a long-term analysis, as I believe that GOOG is a strong stock and will recover in the long-term.

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