Best guess is he lives in a shack in Elizabeth New Jersey and dreams of moving to Manhattan...hell, he might even take the train into the city every once in a while to stand outside of bars where he can't afford the drinks in order to overhear something.
Spot on. He did brag about going for happy hour in manhattan as if that was something that proved he could trade.
He bragged about it because he also said he overheard some inside info...that was the funniest part. Then again, this is a guy who stated that traders love trading because of the thrill and excitement of seeing numbers flashing on the screen. He really is a schizophrenic animal.
So tell me boyez, where does the mighty GOOG close for the day? Following this post, I will check the preM as I've done every day since June 24, 2005 and see where my guess (GOOG should close above 520) is. Last PM, the 20:00 close was 509.50 up from the low of 502.38 but down from the postM high of 548.59. lj
Good sign. 515.00 pierced in the preM (preM high = 515.87). The source for the data presented so far in this post and the post immediately prior to this post, is the new, improved (??) INET. Please see the attached, clean Word doc for even more excitement. lj
you are foolish. Data can be used to justify anything, so I 'll throw this out: if it breaks below 500, GOOG will bleed-out to 300. Goog is overpriced. They are first-and-foremost a marketing company - that great intangible where people give people money to hopefully get impressions for products out to the masses. As a businessman that has used google adwords for his hosting company, and after performing some due-diligence, it is a severly questionable business-model. You know those advertising partners google has to pay - the sites that display ads for google? Well, google in the past few years has this habit of not paying them, using the "fraud clicks" flag. Though I am sure there are a lot of legitimate fraudulent ad clicks, the community has decided that google's overzealousness, or just plain greed, has prevented legitimate affiliates from getting paid. It is starting to come out on forums like digitalpoint that google has been shafting its affiliates. Why does this matter? It means google can reduce the number on their balance-sheet that shows how much they pay for traffic. Over the past 9 months an exodus has begun from adwords to other advertising networks. Expect this to continue as the ROI from adwords has severely diminished. Well you say "what about gmail, google apps, all the other stuff they have, etc." . All of those projects are hacks. Gmail has a nasty habit of "losing" mail - the worst part is you never know. If you use it for business, god help you. Google-apps is about 10-years of development away from Office 2003. They are novelties. (edit: i do not want to appear to be just anti-google. as for free mail providers, MS's hotmail is not better, loosing around 81% of all attachments. sent. ) Bottom-line is that Google's bread-and-butter is marketing, and that is falling apart. The Market is smarter then all of us. Google is not being punished for missing by a few cents, they are being punished in the market for what is to come. Regards,
Dear Krazy, I'm crestfallen, having read your report. What ever happened to "do no evil"? Ripping one's associates a new one seems majorly evil. Can it really be so? lj
The occurances of this have steadily been increasing over the past 12-18 months. Migration away from the Adwords/Adsense platform has just started increasing significantly in the past 6 months. IMO, people can try and rationalize this sell-off all they want. What I have learned is that the Market knows more then we do. It's behaving as if this is the beginning of a down-trend, thus meaning there are bad times ahead for this stock.
Turder, you keep saying how u keep buying. You bought $10k worth Friday, you already had a position out before that, and now you're buying more today. You must like half of your portfolio in Goog.