Posted on 02/28/2006 7:55:14 AM PST by george76
The chief financial officer of Google Inc...
Tuesday said overall growth is slowing ...
The company will now have to "find other ways" to boost revenue...
The stock was down 11 percent, or more than $42...
(Excerpt) Read more at news.yahoo.com ...
Not surprising, I kind of wondered how they were making that much money anyways.
It's payday.
Yippee!
Turning a blind eye to click fraud is one way.
jmho
I love that chart.
What happened to their wonderful deal with Communist China ?
Remember the earlier news...by mathprof
"Google Inc. infringed copyright rules..."
Technical analysis always works great after the fact.
Hmmm, Organic Growth!
Whenever I hear of Organic, I think of what a retired produce manager called organic, bs!
The technical analysis said to sell in mid-January.
Either one would have sold in January or gone short then.
Either way, technical analysis would have made money. No system works all of the time.
Following the news would be a good idea too.
Organic growth ?
That does not sound good.
No kidding. I see that chart has annotations leading up to Google's drop in share price, but if you can't explain the thinking along the way and act on it, what good is it? Please, someone help me out here!
Technical analysis is just one piece of information.
Example : If there is bad news about one company and their stock, but the public does not know it yet...then the prices may drop for no "known" reason.
If an earnings report is coming out soon...then bad people who know the bad news can illegally and immorally sell their stock and/or play the options market.
By watching the graphs, one might learn thru Technical analysis that something bad is happening. You may not yet know why or what. The news will pop up later, but then it might too late to get out.
That is why stop loss orders also can be useful. But they can also work against you or not work at all.
In October 1987, 1929, and at other times, one can watch the "Extraordinary Popular Delusions And The Madness Of Crowds..."
Getting out of the way of the crowds is a good idea and can be a profitable idea. This can also work when the prices are going up. Watch for "Tension on the Tape..."
You're all aware how Google "honors" highly important events, like World Water Day, the Olympics, etc by adding artwork to their Google name on their search engine page, right?
Of course on Memorial Day, nothing...
I wrote asking why they had dissed our military by this omission. They wrote back and actually said "We're sorry we did not honor a day THAT WAS IMPORTANT TO YOU." (the caps are mine)
Remember on Christmas Eve, when one could (and we did) google "Baby Jesus" ?
There were some rationizations and explanations on why a porn site was then ranked so high.
Google lost many folks that week.
Recently, google sucks up to Communist China and all the other news.
Their stock price is still too high. IMHO
Same as Ben & Jerry.....
Seriously though, has Google made the trip from likeable underdog to evil corporate whore in record time, or what??
Google was in the porn business for a while. Then they lost the lawsuit !
"from likeable underdog to evil corporate whore in record time..."
And they deserve it.
The stock market no longer bets on whether a company will be successful or not. Today's investor bets on whether or not other people will be dumb enough to pay an even higher price later on.
I used Google extensively then read an article about ask.com. Tried it and found I got better results. Still, Google gives away some excellent software. Their desktop search feature regularly finds e-mail and other documents that I couldn't find any other way. And their picasa photo manager found photos on my hard drive that had mysteriously 'disappeared'.
I can certainly understand why MS is worried about them. If they start giving out office suites, MS is in trouble.
"The bigger fool theory."
It can work for a trader, but it is too scary for me.
As a longer term investor, I believe that we have seen the top.
Yep...spot on...
When it shoes up on the cover of Newsweek, Time or some other checkout stand rag...that is exactley when you sell out...or go long as the case may be...
Watch for the covers when they talk about gold, oil, stocks or whatever...
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