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07-28-2005, 02:46 PM
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#1 |
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valued contributor
 Join Date: Jul 2005
Posts: 88
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What's up with the GOOG?
Old Jimbo was nearly telling little old ladies to put all of their savings into GOOG (yea yea yea, I know he does say diversify...I said "nearly").
Has the GOOG hit the ceiling? Will it bouce back during this so called "tech rally"? I'm guessing we are seeing some profit taking. |
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07-28-2005, 02:49 PM
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#2 |
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Site Administrator
 
Join Date: Jun 2005
Location: Canada, in an igloo.
Posts: 6,647
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Google is about to meet some competition
Google receives an enormous amount of revenue from it's near monopoly on Pay Per Click advertising. Yahoo and MSN both have competing platforms about to be unveiled. I would imagine some traders are taking profits here and waiting to see what Google is up against.
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07-28-2005, 06:22 PM
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#3 |
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valued contributor
Join Date: Jul 2005
Posts: 88
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That sounds reasonable.
I'm also in YHOO which hasn't looked too shabby lately 
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