Unfortunately, today it became clear that GOOG is headed for a steep price decline. The current price has a built in assumption that GOOG profits will more than double this coming year, and the CFO made clear that was not likely to happen, and they certainly are not going to develop new revenue sources in such a short period of time.
There will certainly be price consolidation well below the 300 mark, probably even before earnings are announced.
Its not going to collapse all in one heap, because the big boys gotta give themselves time to start reducing their exposure.
Do your self a favor and close your position, watch from the sidelines for a bit, and buy back in around $250....
You are short, my friend, and a recent one at that, Goog is one of the most active stocks in the world. Wall Street tried and failed to teach it a lesson today, my misquoting the words of the ceo, it worked, for awile, like the Barrons sham two weeks ago, however powerfull money making companies, just keep on going up on thier own. Watch out tomorrow, with this artifical manipulating out of the way, the damn stock could go to 500.00.