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Alphabet (symbol logo$GOOGL) stock is down despite strong Q2 results. Are you buying the dip? Explain your reasoning in the comments.

Alphabet ($GOOGL) shares are down despite strong Q2 results, which included 82% growth in Google Cloud. Are you buying the dip? Vote and explain your reasoning in the comments.
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dojidad
Def looking at a new entry, but it is trending under the 200 day moving average (blue line), which is a trigger point for some institutions, so I don't want to buy around that line until I see where it is going. Just because it has dropped 4+% and the ER numbers were great doesn't make it a buy at any cost, IMO. I would wait until it trends back above the 200 and then take a look. I don't believe in averaging in, in a downtrend, in most cases.
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HelptheMarkets
buying because the earnings growth and capex spending for the future is going to be the next leg of drivers. I think it's already severely undervalued here and should be sitting at 450 right here today. Will be over 1k in the next 2 years
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StrongDiamondHands
Huge opportunity IMO. CAPEX increased by $10-15B which is pennies to Google.
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