Monday, January 6, 2014

GOOG shares are likely near a "Game Over" moment

GOOG is currently trading at 1117.31.  Per share.  Each share.  As I wrote here, the chart is heading nearly vertical. It doesn't pay a penny of dividend.  It has a frothy, "can't lose", "don't be evil" trailing PE of 30.  Price to sales is 6.43, price to book 4.45.  It has a lot of cash and little debt which is indeed good.  But at this share price the company should do a 2PO because this $1100 share price is not going to last much longer.  What a Ponzi Pump!  I guess with the Bernanke Put in place, nothing can go wrong.  Go wrong.  Go wrong.

Here's my latest model.  It shows the two most likely ending patterns.  The first would be a failed 5th to mid channel.  The second would be a run to the top of the ending diagonal either with or without the throw over.  Time will tell but most of the big name stocks are looking very toppy these days.

No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More