I think it worked pretty good even without usual after open adjustment . If you trade GOOG, pm me you email and I will send you a chart which explains how to trade those forecasted times.
Why Click Fraud Questions Won't Stop Chris Kraeuter, 03.09.06, 5:51 PM ET Burlingame, Calif. - Google seems to think it has wiped away its click fraud worries by settling a class-action suit. It hasn't. Google (nasdaq: GOOG - news - people ) has agreed to pay $90 million in ad credits to get out of an Arkansas suit alleging that its pay-per-click ad system encourages false and fraudulent clicks, which in turn overcharges advertisers. The settlement, which has yet to be approved, covers all advertising back to 2002, a period that has generated roughly $8.5 billion in domestic sales for Google. So the proposed settlement--which keeps Google from having to reveal any embarrassing information about its operations in the courtroom--amounts to a mere 1% of sales, hardly worth a note in the financial statements. But it's more significant than it appears. Google is trying to argue that click fraud is just a blip on the huge Internet-advertising radar, but the settlement indicates that it's at least a problem--something Google executives were loath to admit just a week ago. "It's a mistake to equate the relative trivial size of the settlement to any indication of what click fraud actually is," says Chuck Richard, lead analyst with research and consultancy Outsell. How big a problem is click fraud? Observers still don't know, and the companies that should know--namely, Internet ad leaders Google and Yahoo! (nasdaq: YHOO - news - people )--aren't saying. The two companies, while avoiding specifics, have repeatedly stated that itâs a relatively small amount and that their filters and detection methods catch most of the stray activity before it gets to the billing stage. Google stuck with this assessment today while contesting an oft-cited study claiming a 30% fraudulent click-through rate. A Yahoo! spokeswoman also declined to get specific but said, "Many of the specifics that are floating out there are inconsistent with what we see in our network." This lack of transparency isn't helping anyone understand an issue that's not going to go away anytime soon. Yahoo!, which is named in the same suit that Google just bought its way out of, is going to have to reach its own settlement or deal with a potentially ugly court case. And regardless of the legal maneuvering, observers say there's a level of distrust and concern among advertisers that doesn't square with the don't-worry message Google and Yahoo! are sending out. "This is a significantly heated subject, and the advertisers don't feel like it is getting the proper attention from Google, Yahoo! or Microsoft's MSN," Richard says. He added that frustrated advertisers broached the click fraud topic at each of ten sessions he attended at last week's Search Engine Strategies Conference in New York. "This is in no way tailing off or fading into the background." http://www.forbes.com/2006/03/09/google-yahoo-fraud-cx_ck_0309googlefraud.html?partner=yahootix
GOOG Google under pressure, testing yesterday's low of 341.50, 200 ema just below at 339.28... Note recent lows at 338.50/337.83 (341.69 -1.31) -Update- -Technical-
GOOG is down over $7.5 today and I believe it is ready for a quick rebound to 350 area before option expiry date. hop in. No stock is dead for ever. GOOG is short term oversold.
GOOG Google testing Oct gap high of 333.00.. Next level of interest around 321.00, note gap low at 301.21 (333.76 -9.24) -Update- -Technical-
Be careful: oversold is a good play only in the up trending or range bound markets, and overbought only in the down trending and range bound markets. "Don't try to catch a falling knife!"
Jim Cramer's Stop Trading! Under a Cloud By TheStreet.com Staff 3/13/2006 3:49 PM EST Click here for more stories by TheStreet.com Staff Bearish sentiment permeates Google (GOOG:Nasdaq - commentary - research - Cramer's Take) and the stock probably won't see any upside until another analyst publicly supports it, Jim Cramer said on CNBC's "Stop Trading!" segment Monday. "Everybody's looking for any excuse to sell," Cramer said. "This stock seems very cursed to me right now. It needs someone to get behind it to move it back up. What it doesn't need is a big, open-court suit about how porn is the bedrock of what they do."
I bet we will see one or two upgrades by Thursday or Friday just before option expiry day to make many dead Calls in the money and kill many PUTs. I see GOOG between 350 -360 by Friday. I go with Cramer with his analysison GOOG.
GOOG is up today because most probably we will see one or two upgrades tomorrow. The upgarde message is sent to private clients before releasing to the public.