Quote from retaildaytrader:
In early January, I came to this forum to warn you all of the impending technolgy crisis. I suggested shorting Apple and Goog. I was laughed at, however, because I respect humanity I have come back to warn you all of whats going around the trading desks at the big institutions. Google's revenue is declining as a result of the China fiasco and the bad decision to deploy the vastly unpopular phone. I have come here to Elitetrader on a mission of mercy to get you out of your Google shares today. Listen folks, Google is going to have an earnsing shortfall next quarter. The wonder years are now gone, finished.
Once a momo stocks loses its momo then they usually NEVER recover. While the founders of Google run off with billions of dollars its investors sit there and roast. Poor ole Mr. Johnson's retirement fund keeps getting blasted day after day as Google loses more market capitalization.
When Angelo Mozillo sold his shares of Countrywide it was a clear signal to sell your shares as well. Those who held on were wiped out.
The founders of Google are now selling their shares in mass and running out that door with billions of dollars. If you are smart, then you will sell or short GOOG today. I mean TODAY, NOW. Remember, shareholder lawsuits only recover pennies on the dollar. Sergei is going to be running off with Mr. Johnson's retirement fund for a wonderful retirement in mother Russia sleeping with some young chick. Mr. Johnson is going to get the same ole shtick.
