Schaeffer's Street Chatter Highlights the Following Stocks: Google, Expedia, and NVIDIA.

CINCINNATI -- Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Google (NASDAQ:GOOG), Expedia (NASDAQ:EXPE), and NVIDIA (NASDAQ:NVDA). "Street Chatter" is a report that analyzes newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

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Street Chatter:

Google: The technical picture for Google (NASDAQ:GOOG) has officially turned ugly. The equity's two-day drop of nearly seven percent has not only carried the Internet giant below key round-number support at the 400 level, but the shares have also breached support at their 80-day and 160-day moving averages. Furthermore, the stock has ventured below potential options-related support at the 380 level - site of peak put open interest in the May series. Looking ahead to June, peak put open interest lies at the 400 strike, removing the hope of potential support. At the moment, it appears GOOG is destined for a pullback to former support at the 340 level, a drop of more than nine percent from current levels.

Click the following link to see an Daily Chart of GOOG since October 2005 with 80-Day and 160-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=16002

Expedia: Some disappointing earnings from Expedia (NASDAQ:EXPE) have put investors in a selling mood, sending the equity down to a new all-time low. This switch in mood is a significant change from yesterday's love affair. Ahead of last night's earnings report, open interest at the security's May 20 call swelled by nearly 3,000 contracts to total 10,300. Meanwhile, nearly 5,500 new positions were opened at the stock's June 22.50 call, pushing open interest to 9,900 contracts. With the stock plunging through peak put open interest at the 17.50 level, there is a good chance that EXPE could come under additional selling pressure as the last of the bears are shaken out of their long positions.

Click the following link to see a May Open Interest Configuration Chart for EXPE: http://www.schaeffersresearch.com/wire?ID=16002

NVIDIA: It appears that NVIDIA (NASDAQ:NVDA) could be another case of too much optimism ahead of the firm's earnings report. On Thursday, open interest at the stock's June 30 call increased, while options speculators liquidated some of their June 30 and 32.50 puts. This activity would indicate a growing optimism, or at the very least, the belief that there wasn't much downside heading into the company's earnings report. In the May options series, investors also added to their 32.50 and 30 calls. However, I don't believe NVDA has the same downside risk as EXPE or GOOG. The stock could still reclaim peak put support at the 27.50 strike (home to more than 40,000 puts in the May series). Furthermore, the equity's 20-week moving average is climbing into the region and could lend a hand. This is definitely one worth keeping an eye on.

Click the following link to see an Intraday Chart of NVDA: http://www.schaeffersresearch.com/wire?ID=16002

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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.