Back to basesAlphabet Inc. Class CBATS:GOOGBlueberryIts been a tough week for Alphabet (aka Gooogle) with the share price taking a big hit. A lot of the AI premium has come out of the stock and its now looking for a base. We're back to bases. The bottom line miss was significant and with a lot of the AI premium now coming out of the market, stocks like Alphabet will need to come back to trade near their fundamental levels. Many of these companies built up a huge pile of cash which is now being drawn down for AI investment. Freecashflow was negative $9bn for the quarter, but they still have around $140bn in the war chest, so there will be some stock consolidation at some point before it bases and consolidates. There might be another 20-25% downside before that happens. We were bullish at higher levels, but this miss is big, sentiment has changed and its important to reverse course in markets like this when the tide moves. So we're doing just that and changing to a Sell. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.