Google getting hammered ....

[Sami]

Google is getting hammered at the wallstreet.

Down to $444/share. Was at $715 less than 2 1/2 months ago.


It sucks the executives couldn't cash in at the peak !

[Christina Muller]

Stocks always go up and down ,check it in a years time

[crockett]

likely a good time to buy.. google isn't going away anytime soon.

[Socks]

no way, google ships all their data on trucks that use gasoline, and with record oil prices looming, they are fucking FUCKED.

You heard it here first.

[mattz]

Nope, now is the time to buy google stock

You heard it here first.

[V_RocKs]

Google ships their data in pipes and right now steel is at an all time high.

[fuzzylogic]

no way, google ships all their data on trucks that use gasoline, and with record oil prices looming, they are fucking FUCKED.

You heard it here first.

lol
thats how search results are delivered?

[crockett]

lol
thats how search results are delivered?

yea you just have to slip the drivers a few cold ones to get your results delivered first.

[crockett]

Google ships their data in pipes and right now steel is at an all time high.

It's tubes not pipes.. Didn't you ever listen to Senator Hatch? btw they are glass tubes not steal.

[LaoTzu]

Interesting article that might turn this into a business thread

http://www.businessweek.com/magazine...ng_top+stories

I agree though... good time to buy.

[pornguy]

Google is getting hammered at the wallstreet.

Down to $444/share. Was at $715 less than 2 1/2 months ago.


It sucks the executives couldn't cash in at the peak !

they can, and they did cash in

02/13/2008 ROBERT EUSTACE
Vice President-Engineering 100 GOOG Open Market Sale
proceeds of $52,043.00
02/07/2008 GEORGE REYES
Chief Financial Officer 360 GOOG Stock Gift
value of $0.00
02/07/2008 GEORGE REYES
Chief Financial Officer 360 GOOG Stock Gift
value of $0.00
02/07/2008 JONATHAN J ROSENBERG
Vice President-Product Management 314 GOOG Stock Gift
value of $0.00
02/07/2008 GEORGE REYES
Chief Financial Officer 36 GOOG Open Market Sale
proceeds of $17,886.95
02/07/2008 JONATHAN J ROSENBERG
Vice President-Product Management 314 GOOG Stock Gift
value of $0.00
02/07/2008 JONATHAN J ROSENBERG
Vice President-Product Management 30 GOOG Open Market Sale
proceeds of $14,905.79
02/07/2008 GEORGE REYES
Chief Financial Officer 36 GOOG Open Market Sale
proceeds of $18,124.20
02/07/2008 JONATHAN J ROSENBERG
Vice President-Product Management 30 GOOG Open Market Sale
proceeds of $15,105.00
02/07/2008 GEORGE REYES
Chief Financial Officer 36 GOOG Open Market Sale
proceeds of $18,124.91

[TheAgent]

I know one of the senior marketing guys who began with google back in the day before it went public, he was telling me they expect the stock to hit 1,000 in the next year or 2

I have taken the short position on it so i am happy

[brand0n]

short on the way down, then gonna buy a few as it will go back up

[teg0]

Yeah I wouldn't be worrying about google stock at all.

[Marshal]

likely a good time to buy.. google isn't going away anytime soon.

a very good time to buy!

[AssPirate]

Google will bounce back, I'm sure of it. Well, while they are low, its really a good time to buy.

[StaciEroticy508]

i dont have any stock just yet, but im actually thinking about buying some of googles now......

[LaoTzu]

Just bought ten shares. If Google goes up it will be the first time I made any money from something I read on GFY

[scarlettcontent]

a good time to invest

[teomaxxx]

guys wait a few weeks with buying of any stocks, debt markets are locking up because of uncertanity in whole AAA rating bullshit game, there is some serious deleverage going now and it could bring a nasty action in all equities in few weeks. At least thats how it always worked in history.

the resolution for following quote is going to happen soon and for sure equities will get ass raped in the process, despite some of them are totally different game.

""America's biggest mortgage bond insurers collectively need a $200 billion (Ł101 billion) capital injection if they are to maintain their key AAA credit ratings, a figure that dwarfs a plan by New York regulators to put together a capital infusion of up to $15 billion, a leading ratings expert said yesterday."

and

""Banks worldwide may need to raise as much as $143 billion of additional reserves to satisfy regulators if bond insurer rating cuts trigger downgrades for the securities they guarantee, Barclays Capital analysts said.""

and:

"Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."

I strongly suggest to adjust your portfolios, since there are still a lot of money to be made by playing short scenario

[sortie]

Just bought ten shares. If Google goes up it will be the first time I made any money from something I read on GFY

[Vendot]

guys wait a few weeks with buying of any stocks, debt markets are locking up because of uncertanity in whole AAA rating bullshit game, there is some serious deleverage going now and it could bring a nasty action in all equities in few weeks. At least thats how it always worked in history.

I agree on that front....... esp the size of goog. It may look good value now but when the market drags it down, itll be even better value.

Always best to buy on the way up.

[Fap]

yeah why dont we NOT talk about thanks..

[teomaxxx]

guys wait a few weeks with buying of any stocks, debt markets are locking up because of uncertanity in whole AAA rating bullshit game, there is some serious deleverage going now and it could bring a nasty action in all equities in few weeks. At least thats how it always worked in history.

..........and for sure equities will get ass raped in the process, despite some of them are totally different game.

its already going now, see this article about credit stress:

NEW YORK, March 6 (Reuters) - Spreads on U.S. corporate bonds on Thursday approached their widest levels since the bankruptcy wave of 2002 on worries about hedge fund selling of a wide range of corporate, mortgage and municipal bonds.

Spreads, the extra yields that corporate bonds pay over US Treasuries, gapped out across the board, though banks and brokers were especially hard hit on fears of more writedowns as mortgage problems spread.

"Basically the gears of capitalism are pretty much grinding to a halt," said Mirko Mikelic, portfolio manager for Fifth Third Asset Management in Grand Rapids, Michigan. "What started as a little subprime problem has kind of morphed into a bigger problem for the bigger economy."

Average investment-grade spreads had closed on Wednesday at 264 basis points over Treasuries, just 8 basis points shy of a record set on Oct. 10, 2002, a year of massive bankruptcies, according to Merrill Lynch data going back to December 1996. Thursday's widening was likely to put the index at or close to a new record, analysts said.

In the credit default swap market, the main investment-grade index rose about 19 basis points to a new record wide of about 184 basis points, while swaps on brokers' bonds rose about 30 basis points, an analyst said.

"All the financial issues of last summer, of the September period, are definitely back in full force," one corporate bond analyst said. "This is probably the worst the market's been."

HEDGE FUND SELLING BLAMED

Credit default swaps on Lehman Brothers'(LEH.N: Quote, Profile, Research) debt traded near 300 basis points, or $300,000 a year for five years to protect $10 million of debt, while Goldman Sachs'(GS.N: Quote, Profile, Research) swaps were around 215 basis points, the analyst said.

"What's driving it is this massive deleveraging that's going on within some of the hedge funds and the mortgage bond funds," said Dan Sheppard, a director at Deutsche Bank Private Wealth Management in New York. "They can't make margin calls and so they're basically selling just about anything they can their hands on."

Squeezed by losses on mortgage-related debt, hedge funds have been getting calls for increased collateral from bank lenders, forcing them to sell assets into illiquid markets.

On Thursday, an affiliate of private equity firm Carlyle Group [CYL.UL] said it had received margin calls totaling more than $37 million and was given a notice of default after it was unable to meet all the calls. Jumbo mortgage lender Thornburg Mortgage Inc(TMA.N: Quote, Profile, Research) also said it had failed to meet a $28 million margin call from JPMorgan Chase & Co(JPM.N: Quote, Profile, Research), triggering a default.

"The key problem here is just zero liquidity out there," said Fifth Third's Mikelic. "Investment banks are not wanting to provide any liquidity across the board -- not in muni market, not in the mortgage market, not in the corporate market."

Also fueling market jitters was disappointment that a capital-raising plan announced by bond insurer Ambac Financial Group (ABK.N: Quote, Profile, Research) on Wednesday would not preserve its top ratings over time.

SUPPLY BACKLOG A CONCERN

Adding to pressure on spreads is a growing backlog of bond supply as companies wait for stable markets to sell debt. Bank of America has estimated that as much as $100 billion in corporate bonds could be sold in March after a lull in issuance last month.

"That's a big reason people don't want to buy financial bonds," said an analyst. "They're worried that once things calm down, there's all this supply that's going to come to market."

Though some debt sales managed to find buyers this week, it was at much wider spreads than originally expected. Kansas City Power & Light, a unit of Great Plains Energy Inc(GXP.N: Quote, Profile, Research) had to offer yields of 275 basis points over Treasuries to sell $350 million of 10-year notes on Thursday, about 75 basis points more than market participants first expected, an investor said.

Recent new issues have also performed poorly, making investors are even more shy of shelling out money for new deals.

"I would imagine you have to be a pretty squeaky clean industrial (company) to get done today," said Deutsche Bank's Sheppard.

http://www.bloomberg.com/apps/news?p...lqM&refer=home



Goog is already 427, I wish I held longer my puts from 600 bucks.

[teomaxxx]

guys wait a few weeks with buying of any stocks, debt markets are locking up because of uncertanity in whole AAA rating bullshit game, there is some serious deleverage going now and it could bring a nasty action in all equities in few weeks. At least thats how it always worked in history.

and here is great example of deleveraging I was talking about:

"Banks face "systemic margin call," $325 billion hit: JPM
Saturday March 8, 9:24 am ET
By Walden Siew

NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (NYSE:JPM - News), said in a report late on Friday."
http://biz.yahoo.com/rb/080308/walls..._jpm.html?.v=1

the gates of hell are just opening....

[nnweb]

Interesting article that might turn this into a business thread

http://www.businessweek.com/magazine...ng_top+stories

I agree though... good time to buy.

comscore is about as accurate as alexa.

[tony286]

The business week article is a good read and again everyone forgot why the internet crashed the first time. Ads were going to pay for everything and the conversion on the ads sucked so ad buys dried up and went away. We are going to see that again.

[DjiXas]

Just bought ten shares. If Google goes up it will be the first time I made any money from something I read on GFY

[LaoTzu]

See... read something on GFY, got the idea to make a move, and I lost $100 the first day

[Pleasurepays]

since their revenue has traditionally been based in part, on ignorance (i.e. doing shit like enabling content clicks for the same cpc as search) and click fraud, obviously they are going to see some hit to revenues as they clean it up and people get educated. if you do any PPC stuff you know that yahoo and msn are not only still totally fucking retarded after all this time, but have only a fraction of the ad/search clicks. unless a new "google" pops up tomorrow that can corner the market on search results... its highly unlikely that they are going anywhere.

google isn't "lucky" - the are brilliant, a strong and innovative company, well managed and very in tune with webmaster and advertisers needs.

they are always going to be a solid long term investment.

[LaoTzu]

since their revenue has traditionally been based in part, on ignorance (i.e. doing shit like enabling content clicks for the same cpc as search) and click fraud, obviously they are going to see some hit to revenues as they clean it up and people get educated. if you do any PPC stuff you know that yahoo and msn are not only still totally fucking retarded after all this time, but have only a fraction of the ad/search clicks. unless a new "google" pops up tomorrow that can corner the market on search results... its highly unlikely that they are going anywhere.

google isn't "lucky" - the are brilliant, a strong and innovative company, well managed and very in tune with webmaster and advertisers needs.

they are always going to be a solid long term investment.

Agreed on all points

[Sami]

in 2001 - 2003 we saw a market crash because nasdaq specific equities were trading at about 40x multiples.

Right now I would buy dow jones stocks... that are globally diversified and pay a good % div yield!



So your getting paid while you wait for the stock to go backup.


I think market will bottom around 11700 area...

[Iron Fist]

That pesky little subprime problem....

Way to understate!

[flashfire]

if you really wanna make money take all the gfy advice and do the exact opposite

[helic0pter]

Yea, now is definitely a great time to buy Google. In 5 years google could easily cross a grand. It's market keeps expanding more and more everyday as the internet grows more and more.

[SleazyDream]

Google is accessible in Iraq and Afghanistan and that's why the stock is tumbling

[Vendot]

Then again, we are entering into the summer slow down and that isnt going to help the upside over the next few months as first and 2nd quarter write downs info comes out and more shit spills out.

Google could go under $300 by the end of the year.