GOOG

[ultimatebob]

Originally posted by: redgtxdi
Well, doesn't that crazy guy Jim Kraemer still have his target somewhere around 600 for them????

Oh, it's been down a whole two days in a row now. He'll probably be mashing the "House of Pain" and "Ring the Register" buttons on it today if anyone asks him about it :roll:

 

[Schfifty Five]

the market sux0rs today...damn citigroup, why did you guys suck it up... 🙁 make me money please like you were earlier 🙁

 

[everman]

Still quite overvalued imo with a PE of 89.

 

[Dacalo]

I bought GOOG at $406, and sold at $460. Not bad.

 

[fs5]

market is going ape sh!t. Japan had to close the tokyo exchange early two days in a row.

 

[crownjules]

If Google does fight the government's subpoena, it's going to cost them a lot of money and bring negative attention to the company. It would be a good time to short GOOG or buy some put options (I gotta get options added to my Ameritrade account). I know forecasts were that they'd hit $500 by EOY, but people didn't see this sh1t coming.

 

[dullard]

Originally posted by: KLin
Damnit, there goes my 401k :|.

I say yeah for my retirement plan. The lower it goes the better - I'll buy that many more shares for the same amount of money this month.

 

[zainali]

wow. last time i saw they were like $470

 

[NakaNaka]

Wow. a $65+ drop this week. That is nuts.

 

[rh71]

gambling is bad, mmmkay ?

😀

 

[mwtgg]

Short the hell out of it..... then watch it soar 80 points in one day. 😉

 

[crownjules]

Originally posted by: mwtgg
Short the hell out of it..... then watch it soar 80 points in one day. 😉

That's why you buy some call options to offset your position against the short in the event that does happen. If you're right, you gain tremendously from the short and only pay the option premiums. If you're wrong, the options will cover most of your losses in the short position.