A bubble? Many people think so. But this time they are letting the air out slowly. The lockup expiry posts are old news. Even Google warned about the risk. Accumulating March 05 put's should be very profitable as float increases and price reflects it (law of supply and demand). But remember, this stock is managed very well. When you watch the ticks it's amusing how the stock will drop $4 with huge volume sales and then seems to suddenly bounce up $2 from a few 100 share buys. It's what makes Google so fun to trade.
Ebay's earnings should boost internet stocks in the morning. But I think it will fall a part quickly when reality sets in.
Oil prices, Dollar devaluation, unemployement, elections, Anniverary of October Market Crash and earning fears.