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6 pts

Opinion on  Google Inc (GOOG)     Sector: Technology  >  Industry: Computer Services
Same view - different rating

Jul 26, 2008 04:17 PM GMT
Socialpicks
Return Risk
-5.64% LOW
Analyst

New to the site and I still believe that Goog is a good value at this dollar figure for a long-term purchase (2-5 years).  I own shares and I'm slowing adding shares with any price below $500.  That said, for this site and performance issues, I'm moving my position to hold.

I think the broader market is technically set up for a possible large plunge and I'm not adding to my positions until I see smoother broader markets.  I'm holding 30 - 50% cash (really high for me) until the waters clear.  If the market goes south, then I believe Goog will follow it.  We recently blew through the March lows on the S&P and it could be ugly in the upcoming 6 months.


GOOG:  This call was made on 07/26/08 @ $492.09
Rating:   Neutral/Hold   $492.09 (07/26/08)
Closed:   09/20/2008 @ $454.13 (-7.71% in 56 days)
Target:   in One month


Comments (2)

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Peter Cacioppo   45%     1 point   commented 477 days ago reply

I like what you said about 2-5 years but also I think right now this is a stock that should stay in your portfolio for the long term, unless management changes their behavior. I don't think this is a stock that you can trade on a short term basis.
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demetrious   36%     1 point   commented 476 days ago reply

Honestly I agree with your entry comment.

I probably will not be in and out of this particular stock very often. It is more of quick pause until the market gains some traction before placing the POS play. In the SocialPicks world, I don't have any money in yet and so I can attempt to time the entry with the broader market.

That said, if we can get through the 50 day moving ave on the Dow and S&P, I will begin my position.

In the long term, I strongly believe that Google is in position to take what has been MSFT territory. They are at the center of the web and that is the center of computing on so many levels.

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demetrious previously rated GOOG
Positive +28.98% Picking an entry point
09/20/2008
7
Positive +0.20% Long-term play
07/25/2008
6





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