Analysts?

Analysts

I was listening to the radio a moment ago, and Google analyst expectations were mentioned; unbelievable,- although GOOG pps has fallen more than $100 -, one analyst still held his view of $500, and the next lowered his expectations to $425…

Googanalysts_2

Anything can happen; but, this is where Stan Weinstein’s simple advance, channel, decline way of looking at securities really pays off.

If you look at the chart, GOOG is definitely in the declining phase, dropping from a 2 1/2 month channel formation, with at least 2 gaps and a very nasty January 21 black bar (huge daily range).

Are they peddling Google, or are they representing longs trying to contain the flood gates?

In any case, if it’s pps goes up, —let the prices show the way—, for all I know, it doesn’t look good.

Happy trading!