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6 pts

Opinion on  Google Inc (GOOG)     Sector: Technology  >  Industry: Computer Services
Bearish on GOOG ...

Aug 25, 2006 01:13 PM GMT
Kenny
Return Risk
+8.86% HIGH
Analyst

GOOG broke down from a massive symmetrical triangle pattern on 7/20 on super strong volume. This fortells a $130 move to the $265 area over the next 5 months or so. $390 appears to be the strongest level of resistance at this point (which is also a fibonnaci retracement level from the huge drop. Watch for the current bear flag pattern to break lower on strong volume and pounce in.





GOOG:  This call was made on 08/25/06 @ $373.73001
Rating:   Negative   $373.73001 (08/25/06)
Gain/Loss:   -49.84% in 1304 days


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