We should see the penguin stock analysts jump into the water on Google Friday morning, so wait if you want to short
I would not short until the pengins jump in at upgrade Google Friday and possibly Monday morning. After this you can see where you want to take a short side lean on the stock. Lots of hype over a 3.8% earnings beat. Google didn't even come close to the high side estimate for earnings whcih was 11.30/share. They barely made their earnings on what was suppose to be big ad spending? Something doesn't smell right about that? Right?
I would rather be on the right side of a trade that just went parabolic than trying to outthink the earnings or "hype" This is a monster move for sure. Fighting the market is a recipe for complete failure.