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Old 02-04-2008, 05:39 PM   #1
Vick!
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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?
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Old 02-04-2008, 05:40 PM   #2
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They missed on their earnings numbers. might want to wait a bit.
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Old 02-04-2008, 05:48 PM   #3
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Apple lost almost half its value for the new year too
http://finance.google.com/finance?q=NASDAQ:AAPL
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Old 02-04-2008, 05:50 PM   #4
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The sky is falling.
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Old 02-04-2008, 05:50 PM   #5
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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)
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Old 02-04-2008, 05:51 PM   #6
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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?
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Old 02-04-2008, 06:24 PM   #7
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Big loss, but Google is still worth $150 billion.
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Old 02-04-2008, 06:27 PM   #8
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http://ap.google.com/article/ALeqM5g...rsNlQD8UJPUHO0
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Old 02-04-2008, 06:27 PM   #9
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"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
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Old 02-04-2008, 06:56 PM   #10
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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?
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Old 02-04-2008, 08:16 PM   #11
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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.
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Old 02-04-2008, 08:21 PM   #12
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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 !
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Old 02-04-2008, 08:23 PM   #13
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Also note.. always hedge your investment with option puts if your going long... Or long term bonds on non tech companies!
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Old 02-04-2008, 08:32 PM   #14
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This decline was long over due, still trading at a 38PE....shit should keep dropping.
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Old 02-04-2008, 08:37 PM   #15
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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.

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