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GOOGLE Earnings (Thursday)
- Thread starter Handsome
- Start date
Very important. Google has always beat earnings, except 1 time -- and the market smacked it with a -50 point drop immediately.
On a side note, their business model is rapidly changing. For example, their biggest acquisition so far is their latest move buying Doubleclick, which is a move away from their traditional nonintrusive textads in the right-hand corner, to the flashy graphical area. That is just one example.
Google is shaping to be a different company than it was pre-2005, and I think investors are baking that into the price.
GOOG gained about 100% in 2005, 10% in 2006, and about 3% so far in '07.
On a side note, their business model is rapidly changing. For example, their biggest acquisition so far is their latest move buying Doubleclick, which is a move away from their traditional nonintrusive textads in the right-hand corner, to the flashy graphical area. That is just one example.
Google is shaping to be a different company than it was pre-2005, and I think investors are baking that into the price.
GOOG gained about 100% in 2005, 10% in 2006, and about 3% so far in '07.
I hope it tanks. There's gonna be a day where this baby falls 50-100 on some kind of lawsuit or scandal. I don't see much upside in price movement tomorrow even when they beat by a wide margin. I've stayed away from this stock and will continue to do so.
Quote from pumpanddumper:
I hope it tanks. There's gonna be a day where this baby falls 50-100 on some kind of lawsuit or scandal. I don't see much upside in price movement tomorrow even when they beat by a wide margin. I've stayed away from this stock and will continue to do so.
you're just sour because you missed the ascent.
don't worry, airlines, exchanges, etc. etc. have made much more amazing climbs than this stock.
that said, the company is extremely fairly priced in this market environment. google makes a crapload of cash, and their market share is increasing.
i hope the market opens down tommorow (As it will indeed). It'll be an opportunity to pick up calls at a reasonable price. [i've been buying and selling these calls all month... and i need to re-increase my position]
Quote from scriabinop23:
you're just sour because you missed the ascent.
don't worry, airlines, exchanges, etc. etc. have made much more amazing climbs than this stock.
that said, the company is extremely fairly priced in this market environment. google makes a crapload of cash, and their market share is increasing.
i hope the market opens down tommorow (As it will indeed). It'll be an opportunity to pick up calls at a reasonable price. [i've been buying and selling these calls all month... and i need to re-increase my position]
You are correct, I am sour from missing out. I am always afraid to chase as a stock soars. More power to the people who made shitloads of cash on this puppy. Cheers.
Quote from pumpanddumper:
You are correct, I am sour from missing out. I am always afraid to chase as a stock soars. More power to the people who made shitloads of cash on this puppy. Cheers.
i hate chasing too.. then you fall into the 'value trap' buying...
finding growth stocks without crap reigning over them and low PEGs is tough.