-Google initiated with an Outperform at Macquarie
-Google CPC gains appear to have accelerated in October! YES!
-Google building a better social network than Facebook! "We're not working on a social network platform that's just going to be another social network platform" said Google's head of mobile product development.
Down premkt, all bad news was baked in yesterday. Csco bringing us down, but lets stay focused!
Scott Kessler cuts Goog from buy to hold, maintaining a $700 pt. Here's what I think about that:
In 2007 he had a $525 pt on GOOG. We went to $747 and change.
In 2009 he had a HOLD rating $600 price target. We went to $630.
In 2010 he has a $700 pt on goog. Fill in how wrong he will be here ___________.
And while Scott was negative on GOOG
Joe from FastMoney recommended GOOG tonight, and coincidently Cramer said not to worry about Negative Analsyts... He also is Bullish on GOOG.
So we ran over a pot hole today, tomorrow full speed ahead. Lets pray to the MM gods for Volume and 630+ price.