The Android operating system has come a long way, and stands the best chance to dethrone $AAPL. I would never trade my iPhone for one, but not everyone is an $AAPL lover like myself.
The trade sets up perfect here with price right above the 50 day moving average. If the trade goes against you, you have a clear stopping point. As for me, I have no stop, the stock is cheap here. Check my 2010 predictions for more notes on $GOOG.
Full disclosure: GOOG is my largest position
http://www.youtube.com/watch?v=FL7yD-0pqZg
lol, I posted that clip a while ago. That video does a great job explaining the masses.
I don’t have the same faith in GOOG fundamentally as you do
While Android is doing well, it’s not currently a revenue generator, in fact nothing but search is(youtube is a revenue remover)
I understand they are doing all this to get a stanglehold on many advertising areas but I just don’t see them getting the hold they are looking for.
GOOG will continue to be a very profitable company, growth not so much.
It’s my belief they are in fact transitioning to a value play.
my wife got the Droid X. i tell you what, that thing is awesome. I am stuck with a craptastic blackberry, due to work and chubby fingers. I can’t type on those touch screens for the life of me
I that note, I will be shorting $RIMM next week.
I would like a pullback to 465ish to enter…
I agree the company is undervalued….this is a buy depending if the market acts right.