Thoughts on Goog and Market movements today - email discussion 9.22.09

Alexander Lê
to Clark, Pat, Kell

show details 9:51 AM (5 hours ago)

http://erikmarketview.blogspot.com/2009/08/goog-i-will-be-waiting-for-you-when.html

Markets opening higher, C up and SGP down. Looks like C is hedging my sgp position decently haha. Looks like it will be an interesting day? Btw did we get a price target on google. This blog here saying 479 resistance; do we concur?

-Alex

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Alexander Lê
Fordham University
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Patrick Ambrus
Alex, I don't see google stopping anytime soon. It still has room on the upsi...

11:25 AM (3 hours ago)
Patrick AmbrusLoading...
11:25 AM (3 hours ago)
Patrick Ambrus
to me, Clark

show details 11:25 AM (3 hours ago)

Alex,

I don't see google stopping anytime soon. It still has room on the upside. I'd set a price traget of something like $512.00-515. The Fundamentals are very solid. I mean it is trading at 34x forward earnings but that is on par with aapl. Also it is still a growth stock as the company continues to expand its businesses and determine how to make money on the internet. Also, EPS are projected at $21/share for the current year. Analysts predict the stock will grow about another 8.5% this year as industry earnings decline and an estimate of another 15% growth next year. So I would be a buyer even at these levels. Now what we need is an etf where i can play google easier. Markets are interesting today. Early open upside then sell-off, and now maybe a mid day rally if we can sustain volume and momentum. Positive news from Global Markets though.

One Love,
Pat

P.S.

Healthcare ETF's to examine on the bloomy:

Global Healthcare, Pharma and Biotech ETFs
iShares S&P Global Healthcare Sector Index Fund (IXJ)

Broad US Healthcare, Pharma and Biotech ETFs
iShares Dow Jones U.S. Healthcare Sector Index Fund (IYH)
Health Care Select Sector SPDR Fund (XLV)
Vanguard Health Care ETF (VHT)

Foreign Healthcare Sector ETFs
WisdomTree International Health Care Sector Fund (DBR)








Alexander Lê
to Patrick

show details 2:52 PM (0 minutes ago)

Im looking at a chart on spx; my man you might be right on calling a pullback at 1070 + . Downside looks favorable from a technical standpoint. Though given that a bullish trend is indeed in place i only see a pull back to 1030.

Though my thesis on the dollar has not yet unfolded which may coincide with a greater drop in equities if we do see dollar strength.