Show me a short who has done anything but lost money with GOOG...http://finance.yahoo.com/q/bc?s=GOOG&t=2y&l=on&z=m&q=b&c=There are still over 7 million shares short.http://finance.yahoo.com/q/bc?s=GOOG&t=2y&l=on&z=m&q=b&c=$1.5 Billion short. Ouch.
Here is the other end of your chart.http://finance.yahoo.com/q/bc?s=AVNX&t=my
Don't go crazy.Google's a great company. This is just a correction.Both the RSI and MACD are in extreme regions, the big guy rallied too much too fast.400$ is not out of sight. It will just visit 380-340$ first.FYI I'm currently short (intra-week), but in NO WAY is this *not* a hold/buy in the long term.
Let's say you are right...Google is going down into single digits. Wouldn't it make sense to wait until the moving averages are headed down?The stock is going up.