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.