All you need to know about GOOG is one thing: Eric Schmidt http://www.elitetrader.com/vb/showthread.php?s=&postid=1436973&highlight=Eric+Schmidt#post1436973
People say the same of Microsoft. One company has more money than God with a market cap to match. The other company has a balance sheet that resembles jock itch. Regards,
A: Novel was the leading networking tech company in the world.. B: Can you name any company that Eric Schmidt has been involved with that has prospered over time?
Google doesnt need eric. The founders and other smarties do most of the inovation related work anyway.
They inovated search by monetizing it. What have they done since? Everything they have developed was a re-hash of an existing product/service. They don't innovate, they fool people into thinking they do by releasing junky applications. Regards,
No company needs their CEO and President....founders are much more important and hands on. Biz school 101
Any of the bulls, one day later, care to comment on why GOOG is puking? I really don't mean to come off as conceded, but GOOG is a unique stock and I'd like some other viewpoints. On a side note, I'm working on incorporating another algorithm into the system - one that works off, of all things, google news. It's taking the RSS feeds and analyzing them for the volume/proliferation of stories for keywords during a trading session. My thinking is to take advantage of news that moves an equity, like the double-click deal did the other day for google. As it stands I would have liked to see my system open a larger short position around the news, but the price-action it saw didn't warrant it.
When barons writes a bearish story that is historically the best time 2 go long. Doubleclick deal was guaranteed from day 1 to go through