That's why it's fun to talk to longs who use charts, because they could be right for a while, who knows? But longs who try to talk fundamentals all seem to have loose screws.
The latest story, would be a big story with most stocks I agree, is that Google is saying they have to get out of their only business if they want to grow revenues enough to justify their market cap. Holy crap! That's serious, right? Either give up the fancy multiple, or, worse, start chasing fantasies in industries they don't begin to understand. Maybe get lucky like AOL buying Time Warner, much more likely just die off like most internet mirage-chasers.
A grim dilemma, and we just heard all about it. Are shareholders worried? Nah. They're eating it up. "2001? Never heard of it. I think my grandfather was alive back then."
Ah, so Google "doesn't begin to understand" the media business, huh?
No wonder you aren't responding to my posts. You would embarrass yourself if you actually tried to debate this stuff. Lucky for you that you have no position. You're way over your head when it comes to discussing the Internet.