Schaeffer's Midday Options Update Features Google, Allied Domecq, Napster, International Speedway, Pfizer

Business Wire, April 5, 2005

Short sellers have begun to shy away from GOOG, as short interest took a 29-percent dive lower during March to rest at its lowest level in five months. Furthermore, it would take less than one day to cover the 9.8 million GOOG shares sold short, leaving the equity sorely lacking in the short-covering support department. Even Wall Street is amorous toward the search engine, as 11 of the 18 analysts covering the equity rate it a "buy" or better, according to Zacks. This leaves ample room for potential downgrades that could further hamper the security's bullish hopes.

Finally, GOOG's struggles on the technical front this year combined with its overly optimistic sentiment backdrop have earned the stock a Schaeffer's Equity Scorecard rating of 2.5 out of 10. This low reading indicates that should GOOG fail to overcome resistance at the 190 level, the shares could be set for a retest of support in the 170 area.

Click on the following link to see the Equity Scorecard and Weekly Chart of GOOG since October 2004 with 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=12878&obspage=2.

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method.>

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