Seems like everybody wants to know whether GOOG is a bargain or a screaming short right now. The Trader Wizard has done a great job of detailing the situation, complete with the lock-up expiration dates. For what it’s worth, here’s my simplistic view:
It should either fill that gap or stop at the top of the gap and bounce. It’s hard for me to imagine it not filling that gap with all those shares being unlocked. Not that all of those shares will be sold, but because of the perception that they will be. I want to see what happens when it hits $150.
mike, belated thanks for linking to freerider. cool new look.
as for the gap, I don’t think it’ll get filled. that was a breakaway gap and the new supply will quickly be swallowed up. the most telegraphed lockup in the history of the market.