Stock bracing for lift-off after healthy pull- back. All the indicators look good RSI over 70, spread between MACD 9 day ma and macd is increasing, GOOG momentum is strong and should be sustained. This is a coiled spring so hang on for the next big surge...according to http://www.shortsqueeze.com/?symbol=goog, the short position is yet fairly small with only 75 percent of a trading day required, on the average, to cover. Level II's have buy to sell raito of 2 to 1. All data bodes well for GOOG as the premire momentum play for the following several weeks. Longs that get in now and plan to hold will also reap great growth returns--this is early ebay all the way
Interesting comparison to ebay. Ebay soared to a similar market cap in the first few months, then lost half of it's value. Four years later it recovered to that high and has now sustained great growth since then. A great long-term investment to this point, but it was a dog for awhile.
not an early ebay...............you can't compare GOOG with an early ebay. Here's why...EBAY's market cap 3 months after its ipo was about $1 billion. GOOG's in the same time frame is $35 billion. GOOG's been priced for 10 years from now.