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Google Inc. Message Board

  • jpinvestor89 jpinvestor89 Feb 21, 2013 11:19 AM Flag

    I downgraded GOOG to strong sell - target below $700

    Upgraded GOOG at this level?? Being in the game since 1989, I have to say most of the analyst are just B.C.B. analysts.

    They upgraded GOOG because they took it as a tool to pump the market. They upgraded it in order for the institutions to get out.

    GOOG is a strong sell in the short term.

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    • Analysts keep playing the upgrade game on GOOG. We've seen that many times before. In 2008, they upgraded it near the top at $700; in 2010, after the upgrade, GOOG went down $100; even in last Oct/Nov, GOOG went down more than $100 after a upgrade.

      They use GOOG as a tool, that's all.

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