GOOG down $29 after hrs trading

[frankie38]

What happened? Who here is selling?

Closed at $313.94. now selling in range from $284 - $290

Is anybody buying now?

 

[Anubis]

i dont even own 1 share, im that poor

 

[stan394]

so what's its price now? $2300?

 

[Krk3561]

Its fundamental market mechanics in action - buy on rumors, sell on news

They reported earnings today.

 

[Miramonti]

Earnings were $1.19 per share instead of first call's estimate of $1.28. Google says 'seasonal slowdowns'.

As a result google's forward looking estimates for the year 2056 are $12 million instead of the projected $283 billion.

 

[DaveSimmons]

Originally posted by: jjsole
Earnings were $1.19 per share instead of first call's estimate of $1.28. Google says 'seasonal slowdowns'.

As a result google's forward looking estimates for the year 2056 are $12 million instead of the projected $283 billion.

LOL at slight change in estimates.

This is why I stick with mutual funds. Less potential profit but tremendously lower risk.