GOOG a good short at this level?

[Sullivan]

Taking the plunge to short goog at this level, with an exit target of $150.

[traderLL]

probably not a good bet in the near short term as it will go to 410 or so easily in the next month or two. why don't you wait until this bull rally in tech ends and then reverses to go down and pick it up after then instead of trying to pick a bottom.

[traderLL]

told you - wait even longer now because maybe my estimate of 410 is a bit too low - 425 or so is more reasonable considering these indicators

[SarahC]

Jim believes Google (GOOG) is cheap as its multiple is less than its growth rate.

"Google got cheap because of the calendar," Cramer said. For any given stock, there are earnings estimates for each year and the money mangers decide which estimates actually matter, he explained. Fund managers stop paying attention to 2006, but look at 2007 numbers.

Then they need to decide how much they will pay for earnings. Given that Google is "the fastest-growing large-capitalization stock in the S&P 500," Cramer said he would put a 40 multiple on the stock. Using this multiple, Cramer said he believes Google shares could reach $500.

[traderLL]

who cares what jimbo says

[Sullivan]

c'mon - he is still beating the chimp ;)

http://www.cramerwatch.org/

[supreme_stocks]

Currently GOOG is just touching an overbought point with an RSI rating of 69.32 so I would say if GOOG climbs to the upside on Monday it would be a good quick short for when it snaps back from overbought!

[SarahC]

Still long now that G broke its narrowing pennant upward...

Anticipating a brief pause but expect to see an uptrend here.