Tuesday, January 15, 2008


Today: GOOG 637.65 at close

After hours: down 12.65.

GOOG kept its head, today, when all about it were losing theirs. A close at 637 is well within recent range. The 12 more, after-hours, is just short sellers, piling on. The dimmer ones. All that will probably clear before the open tomorrow.

There were riper pickings for shorts today than GOOG. GOOG was down a little over 4 1/2 %, including the after-hours. AAPL was down 9% in the same time. RIMM, AMZN and BIDU all down more. But big losers weren't confined to the horsey set. They were all over the place. But there were credible reports that big money was flowing into GOOG, today, masked by all the selling. Still, it was not a high volume day for GOOG. We'll see.

I think there's a fair chance that GOOG will be contained above 600. But only fair. The greater probability is that it goes lower. If it gets in the neighborhood of 550, I just might send the Welcome Wagon out for a few more shares. Or might not. In times like these, it is easy to become unnaturally attached to your cash.

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