GOOG 300 Shorts mortified

Quote from mhashe:

imo If the mkt goes any lower GOOG should start topping out around 320. I think this is the next MSFT, just buy and hold it long term through many stock splits and retire a very wealthy man in 20 years.
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I disagree. New techs are Roman candles now, exploding on ever-shorter growth cycles. Already, the GOOG targets are based on unsustainable growth acceleration. Maybe not this quarter, but the stock will get cut in half on disappointing earnings within the year. GOOG doesn't have a stranglehold on either platform or product as MSFT did. Ad rates are coming down, search engine competition is firming, and this economic cycle is winding down.

Still, no reason to sell just yet, until it gaps down 40 points like BRCM in the good old days and then proceeds to lose another 200. :cool:
 
No one you know touted MSFT in time to make Millions, unless you invested big money going in.

And if you havn't noticed, MSFT has been the deadest kind of money for a long long time.
 
Quote from Slim Harpo:



The way I am currently seeing this is that GOOG could very well be one of those rare kinds of stocks that can make ordinary investors millions if they play it right....Just like Microsoft did.....

...But for now this is one rare opportunity for the average person as well as the seasoned investor and trader to make a lot of money......
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huh....

I would've agreed with that...if the post was dated a year or so ago... :D

It really is wildly overpriced, and no, it doesn't have the earnings to justify anything even -close- to this price.

The 'average person' going long at 300+ is gonna get his clock cleaned... :p

When it finishes this space-needle somewhere back around 100...or 50... AND it still has earnings, grown from today's number....THEN it might be a decent "long term" investment.

The calls are probably the right way to play it today. That, or some other very short-term strategy....just mho...
 
Here's some clown that thought he could outfox the GOOGster.

And what was a convertible Arb fund doing trading GOOG. Converting $ into umgatz?

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U.S. District Judge Kimba Wood removed Jon Hankins from trading at Tenet Asset Management and appointed a receiver to manage the affairs at the company's Convertible Opportunities Fund after the U.S. Securities and Exchange Commission last week filed an emergency action to stop fraud there, court documents show.

Hankins, a 32-year-old fund manager who lives in Powell, Tennessee, launched the fund last year after 17 clients gave him roughly $22 million to invest in one of the industry's most popular strategies -- convertible arbitrage.

But his trades soon soured -- SEC lawyers said he lost roughly $20 million on betting that search engine Google Inc.'s (GOOG.O: Quote, Profile, Research) stock would fall while it kept rising -- and he lied to investors in person and fabricated documents, the SEC said.
 
Quote from stock777:


Hankins, a 32-year-old fund manager who lives in Powell, Tennessee, launched the fund last year after 17 clients gave him roughly $22 million to invest in one of the industry's most popular strategies -- convertible arbitrage.

But his trades soon soured -- SEC lawyers said he lost roughly $20 million on betting that search engine Google Inc.'s (GOOG.O: Quote, Profile, Research) stock would fall while it kept rising -- and he lied to investors in person and fabricated documents, the SEC said.
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Man, is this the most humbling profession or what?

Lots of smart people go into trading and get their clocks cleaned. And when successful people are confronted with failure, this is what happens. I understand this guy's rationale -- just like Nick Leeson et al. he was waiting for his trade to come in -- tried to bide his time but the market beat him to it.
 
Yeah, you would have put 100k into this in 1978.

microsoft.jpg
 
All you people who think GOOG is the next MSFT... even if you're right, it's not going to make you rich. MSFT has 3 times the market cap of GOOG. CSCO 1.5 times. GE 4.5 times. YHOO just a bit more than half. If you buy GOOG today, you are buying a speculative growth stock that will never be a ten bagger. Is it really worth the risk?

FWIW, I'm short at 294.

Martin
 
Quote from Sparohok:

All you people who think GOOG is the next MSFT... even if you're right, it's not going to make you rich. MSFT has 3 times the market cap of GOOG. CSCO 1.5 times. GE 4.5 times. YHOO just a bit more than half. If you buy GOOG today, you are buying a speculative growth stock that will never be a ten bagger. Is it really worth the risk?

FWIW, I'm short at 294.

Martin
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i agree and while it may not be a 10 bagger making it a $800 billion market cap company...it may very well go to $350.00 just cuz Boooooyah says soooo....:D so please keep it tight..:D
 
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