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6 pts

Opinion on  Google Inc (GOOG)     Sector: Technology  >  Industry: Computer Services
GOOG looking to go much lower...

Aug 08, 2008 01:26 AM UTC

Yes, we could see brief, sharp bounces in technology names like Google, Apple and Baidu, but, we are in a Bear market and an economy that is slowing. Google is going to have a very difficult time keeping its earnings growth up to its previous levels. That means that there really is only one way for Google to go and that is down. We would use any strength on moves towards the $500 area to buy puts and enter short positions, STT

GOOG:  This call was made on 08/08/08 @ $480.14999
Rating:   Negative   $480.14999 (08/08/08)
Closed:   08/10/2008 @ $492.47 (-2.57% in 2 days)
Target:   $450.00 (-6.28%) in Three months


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