GOOG suckers

krazykarl · Mar 27, 2008

Still short here - broke 500k pnl this morning.

Kind Regards,

stock_trad3r · Mar 27, 2008

Quote from S2007S:

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.
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LOL the target i still well above the current price. What a joke.

stock_trad3r · Mar 27, 2008

With the exception of krazy karl no one makes much money shorting google.

SHort INTC, YHOO, EBAY, ORCL, JNPR, EMC and other OLD bloated tech stocks. Google is stil la momo stock.

gobar · Mar 27, 2008

Quote from krazykarl:

Still short here - broke 500k pnl this morning.

Kind Regards,
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dont u have to cover shorts in 3days?

krazykarl · Mar 27, 2008

Quote from gobar:

dont u have to cover shorts in 3days?
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?????

no. read this thread and I explained how I am short.

jnaylor07 · Apr 3, 2008

GOOG going even higher....

krazykarl · Apr 3, 2008

Quote from jnaylor07:

GOOG going even higher....
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Doubtful.

Still short here btw.

krazykarl · Apr 17, 2008

still short. Anyone else care to call the earnings move?

S2007S · Apr 17, 2008

google should be trading under $400.

If earnings arent well I think $375 is not out of question.

turkeyneck · Apr 17, 2008

GOOG options are insanely overpriced for April's expiration tomorrow.