GOOG declining like hell .. whats wrong?

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  • Vick!
    Confirmed User
    • Nov 2005
    • 6882

    #1

    GOOG declining like hell .. whats wrong?

    Its at $495 .. it seems like yesterday it was $700+ .. whats up with them?

    Pro guys, is it good time to buy and hold?
    Affordable Quality Web Hosting
  • slapass
    Too lazy to set a custom title
    • Nov 2002
    • 14625

    #2
    They missed on their earnings numbers. might want to wait a bit.

    Comment

    • V_RocKs
      Damn Right I Kiss Ass!
      • Nov 2003
      • 32449

      #3
      Apple lost almost half its value for the new year too
      http://finance.google.com/finance?q=NASDAQ:AAPL

      Comment

      • Voodoo
        ♥ ♦ ♣ ♠
        • Sep 2002
        • 10600

        #4
        The sky is falling.

        "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."

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        • DigitalDruid
          Confirmed User
          • Oct 2007
          • 647

          #5
          Originally posted by V_RocKs
          Apple lost almost half its value for the new year too
          http://finance.google.com/finance?q=NASDAQ:AAPL
          Is that directly related to the Intel chips now? I dont know how popular the Apple PCs are but i know alot of guys running them (leopard on a pc)

          Get on here and make some ca$h

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          • Vick!
            Confirmed User
            • Nov 2005
            • 6882

            #6
            Originally posted by slapass
            They missed on their earnings numbers. might want to wait a bit.
            wait a bit to buy, or wait a bit to see a rise again?
            Affordable Quality Web Hosting

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            • xmas13
              Confirmed User
              • Dec 2004
              • 5176

              #7
              Big loss, but Google is still worth $150 billion.
              ICQ 557504926

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              • marzzo
                Confirmed User
                • May 2002
                • 2134

                #8
                http://ap.google.com/article/ALeqM5g...rsNlQD8UJPUHO0
                4 5 zero - 2 2 - nine nine nine

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                • xmas13
                  Confirmed User
                  • Dec 2004
                  • 5176

                  #9
                  "Social networking inventory is not monetizing as well as we had expected," Reyes said.

                  Sergey Brin, one of Google's founders and its current president of technology, echoed Reyes' admission.

                  "We have had a challenge in Q4 with social networking challenges as a whole," he said, repeating the operative word. "It didn't pan out as well as we had hoped."

                  http://www.internetnews.com/bus-news...le.php/3725296
                  ICQ 557504926

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                  • Fap
                    Just Du It
                    • Feb 2004
                    • 12094

                    #10
                    Originally posted by xmas13
                    Big loss, but Google is still worth $150 billion.
                    YEah thats all fun and dandy but did you lose as much as us stock holders?

                    Comment

                    • Shoplifter
                      Richest man in Babylon
                      • Jan 2002
                      • 5847

                      #11
                      Originally posted by DigitalDruid
                      Is that directly related to the Intel chips now? I dont know how popular the Apple PCs are but i know alot of guys running them (leopard on a pc)

                      Nope. It was because there was zero growth in Ipod sales this year over last.
                      I Like Blondes

                      Comment

                      • Sami
                        Confirmed User
                        • Mar 2004
                        • 2047

                        #12
                        As I had mentioned a few weeks ago...
                        Any stock specially in nasdaq with high P/E is going to get wacked.. and since my post that has been happening exactully to the dot.

                        I would wait on google for it to reach the next support level.... around 450- 460.
                        At that point it looks good..


                        Missed earnings.. Microsoft bid for yahoo are fueling the decline in stock price for google and all the insider selling as of late !

                        ServerProvider.com


                        ICQ#: 311-848-143

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                        • Sami
                          Confirmed User
                          • Mar 2004
                          • 2047

                          #13
                          Also note.. always hedge your investment with option puts if your going long... Or long term bonds on non tech companies!

                          ServerProvider.com


                          ICQ#: 311-848-143

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                          • Rodent
                            Confirmed User
                            • Mar 2001
                            • 1462

                            #14
                            This decline was long over due, still trading at a 38PE....shit should keep dropping.
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                            • IllTestYourGirls
                              Ah My Balls
                              • Feb 2007
                              • 14311

                              #15
                              what did you buy at? You only lose if you borrowed against it, or bought for lower than its trading right now.

                              Paper wealth is not guaranteed liquid wealth.

                              Originally posted by banthis
                              YEah thats all fun and dandy but did you lose as much as us stock holders?

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