Today Apple releases the iMap, which will effectively kill the once ever popular Google Maps on the iPhone. ChessNwine has been all over shorting $GOOG for some time, which appears to have been the correct play.
Technically, Google is in trouble here, as it tests the recent low at 566.47. If we do breach that level, we could very well see a quick selloff to the tune of 50 points, targeting $515.
If you’re looking for a short idea, look no further than GOOG, the stock is in trouble here: