GOOG and YHOO

[AbeSmith]

Hello. I'm interested in holding a position in GOOG or YHOO. Anybody got any advice on them?

GOOG is a good company. Their chart looks ok. They had a big drop in early November but seems to me it is economy related. They are going into the cell phone business, so I expect their stock to rise on that. Other than that they are the #1 search engine provider. They are agressive and are making good moves. So I think GOOG is my number one pick right now but I was wondering what you guys thought.

YHOO is not all that. But they are the #2 name in search and there is rumor that Microsoft will buy them out, which would be great for the stock. I think of them as the Pepsi and GOOG the Coke, and you know Pepsi was one time not all that either.

So these are the two companies I'm interested in. But I was wondering how they will behave if the economy continues to decline. Seems to me GOOG is best positioned to weather a bad economy.

[brownsfan019]

Goog = hammer from Fri's chart. I could see a long here.

yhoo = good support at 25.00. Could go long here as well, but I think Goog chart is better and has more potential to pop for a quick profit.

Purely a technical analysis done in about 4 minutes. Take it for what it's worth.

[AbeSmith]

	Quote:	brownsfan019
	Goog = hammer from Fri's chart. I could see a long here. yhoo = good support at 25.00. Could go long here as well, but I think Goog chart is better and has more potential to pop for a quick profit. Purely a technical analysis done in about 4 minutes. Take it for what it's worth.

Good analysis. Thanks.

[AbeSmith]

This GOOG is looking great. I like the way it approached the resistance around 675. They say it might hit 900. What do you guys think? Does GOOG have a long way to go, lik Microsoft did. If so, how high do you think it will go. It was very resiliant this week despite weak performance in the market.

[MrPaul]

	Quote:	AbeSmith
	This GOOG is looking great. I like the way it approached the resistance around 675. They say it might hit 900. What do you guys think? Does GOOG have a long way to go, lik Microsoft did. If so, how high do you think it will go. It was very resiliant this week despite weak performance in the market.

If they say it will go to 900, It won't. At least not until they think it won't.

I would not be going long into this stock right now.

[AbeSmith]

	Quote:	MrPaul
	If they say it will go to 900, It won't. At least not until they think it won't. I would not be going long into this stock right now.

Why do you think so? Is it the resistance around 675? Any stock or instrument you would be long in right now?

I've been long GOOG since 629. I've moved my stop up to break even.