Selling the rally. Carlyle's announcement of impending doom is being taken seriously by investors, as it should be. There is sure to be another wave of bad news from the financials which will send nearly the entire market down. GOOG will not maintain these levels, but I'd still be surprised to see this stock drop below $400.
I bought into a small put position end of day today. Google didnt win the wireless auction. After an up day like today im expecting it to be a lower Monday open..and goog might take a hit considering both of these factors plus the RBC downgrade. today just happened to be an overall good market day, expecially because the idiots on cnbc are trying to call a bottom on the financials already.
Yes - my software has a very large short position right now. Over the next few weeks we'll see just how well I taught it......
GOOG isn't going much lower. Seems like everyone has forgotten about the lousy quarter and comscore numbers. Now maybe good time 2 cover.
My profits in the past 40 days and I would beg to differ... (watch me blow the account out now!) Seriously, read this thread from the beginning and you'll see why I've maintained my short position on google even when the Sheeple with IRAs told me why they are so bullish on it. As I said in my first post: 370.
FINALLY A DOWNGRADE!!!!!!! THEY WAITED TO LONG FOR THE DOWNGRADE, THIS SHOULD HAVE CAME WEEKS AND WEEKS AGO....... UPDATE 1-RESEARCH ALERT-Lehman cuts Google price target to $580 Thu Mar 27, 2008 9:21am EDT March 27 (Reuters) - Lehman Brothers cut its share price target on Google Inc (GOOG.O: Quote, Profile, Research) by 10 percent to $580 and lowered its first-quarter and 2008 earnings estimates for the Web search company, saying the slowing economy could affect "paid clicks" and advertising budgets. Web measurement firm comScore Inc reported on Wednesday that Google's "paid clicks" -- a key measure of how Web searchers are converted into ad viewers -- grew by a modest 3.1 percent year-to-year in February. "We do not believe Google's first-quarter results will be as soft as comScore data suggests, but we also cannot ignore a second straight month (perhaps third if including December) of weak domestic paid click data," analyst Douglas Anmuth said in a note, maintaining his "overweight" rating on the stock. "We believe there has been some macro-driven softness in specific categories such as real estate and financials, particularly early in the quarter, but we continue to believe the overall search industry remains reasonably healthy," he said. Google's enhanced quality initiatives and a slowdown in overall search traffic are also impacting the company, the analyst said. Anmuth said his "overweight" rating was based on solid secular trends, Google's share gains and the belief that current quality initiatives will prove beneficial over time. Google shares fell 3 percent to $443.20 in trading before the bell, after closing at $458.19 Wednesday on Nasdaq.