Mark my words *update* I MISSED 1.77

[Ramma2]

This is now the second proven incident where you don't take stock tips from atot.

 

[Schfifty Five]

OWNED.

 

[Antisocial Virge]

Originally posted by: JS80

Originally posted by: Descartes
And you're basing those numbers on what exactly, a gut feeling?

I have my own model, plus I have access to Comscore's media metrix data. I also work for a search engine so I have an idea of what kind of costs they were expected to incur.

That helped yea alot.

 

[Looney]

Ouch, that's quite a hit. Don't know why people here are always so happy to see other people failing on this forum. You can't win big unless you take the risks.

 

[Utterman]

Google is down $70 in after-hours trading..yikes!

 

[BCYL]

The stock is actually coming back up a little bit, only down $66 in after-hours trading now (compared to $73 at one point)

 

[Schfifty Five]

Originally posted by: BCYL
The stock is actually coming back up a little bit, only down $66 in after-hours trading now (compared to $73 at one point)

down only $50ish AH...it definitely is climbing up.

 

[Mo0o]

What happened? Can some one summarize in stupid terms for me?

 

[hypn0tik]

Originally posted by: Mo0o
What happened? Can some one summarize in stupid terms for me?

Google's earnings were lower than expected.

Share price dropped.

It's about -53 after hours according to Yahoo

 

[AccruedExpenditure]

Pwnage of the year nominee, where's m4h.

 

[Heifetz]

this is only after hours trading. When it opens tomorrow, it will be a lot lower, because a lot more people will want to take their profits, because Google is not living up to the lofty expectations.

 

[Descartes]

So, JS80, are you willing to admit that you were just speculating?

 

[ultimatebob]

Man... I should have sold short in my stock game! At least I was smart enough to dump my holdings around $470.

 

[etalns]

Originally posted by: ultimatebob
Man... I should have sold short in my stock game! At least I was smart enough to dump my holdings around $470.

Thank god! Would have been awful to lose all that fake money.

 

[Cooler]

its that new google china now 1/3 of pop of the world can now google how whould that lower stock prices?

 

[ultimatebob]

Originally posted by: Qosis

Originally posted by: ultimatebob
Man... I should have sold short in my stock game! At least I was smart enough to dump my holdings around $470.

Thank god! Would have been awful to lose all that fake money.

Heh. I'm not crazy enough to invest any real money in Google at these price levels. With a P/E ratio around 90, it's about as safe of a bet as playing the ponies.

 

[etalns]

Originally posted by: ultimatebob

Originally posted by: Qosis

Originally posted by: ultimatebob
Man... I should have sold short in my stock game! At least I was smart enough to dump my holdings around $470.

Thank god! Would have been awful to lose all that fake money.

Heh. I'm not crazy enough to invest any real money in Google at these price levels. With a P/E ratio around 90, it's about as safe of a bet as playing the ponies.

Google was a safe bet when it IPO'd, it's just that now the figures are inflated relative to the price-earning ratio. Anyone who got in when it IPO'd, even if they didn't sell prior to today's incident, still made a huge ROI.

 

[Noirish]

Originally posted by: Schfifty Five

Originally posted by: BCYL
The stock is actually coming back up a little bit, only down $66 in after-hours trading now (compared to $73 at one point)

down only $50ish AH...it definitely is climbing up.

ONLY?
that's $16B.

 

[SarcasticDwarf]

Originally posted by: hypn0tik

Originally posted by: Mo0o
What happened? Can some one summarize in stupid terms for me?

Google's earnings were lower than expected.

Share price dropped.

It's about -53 after hours according to Yahoo

From my understanding earnings were lower than WS analysts claimed they would be. I've seen quite a bit mentioned in the past few weeks that the expectations were way off the mark. The last quarter's results came a lot from one time improvements.

 

[mugs]

Nice work