Where is GOOG headed now?

GOOG has tumbled a good bit from its high of $216.80, closing at $180.04 on Friday. I suspect we're going higher in the short term for a couple of reasons:

1. The lockout period has expired, insiders have dumped their shares. That pressure is now off the stock.
2. The competition from YHOO and MSFT has been overblown. Google will not be losing search or AdSense to them. AdSense revenues will once again explode when the 4th quarter 10K comes out and investors will respond kindly.

As to what happens in the longer term, I'll discuss that later.