http://today.reuters.com/news/newsArticle....OCKS-GOOGLE.xml

 

No big surprise here.... Stock has been way overvalued for a while now.

If I had some money to invest right now, it'd be firmly on shorting Google. Remember when Yahoo was 300 dollars a share?

If I had some money to invest right now, it'd be firmly on shorting Google. Remember when Yahoo was 300 dollars a share?

 

^ Except it would have been a perfect short after their earnings disappointed. Its already bled $50 a share since then. But I still think it has a long way to go.

Jim Cramer, a couple of weeks ago, had a good point on stocks like this. Avoid the momentum plays that are getting beat up and avoid the controversial stocks ( google, apple etc...etc...) and stick with whats working. ( Oils, aerospace, transports ( ex-airlines) etc...)

 

 

Common sense maybe but then theres nothing common about it.

After reading the title of the thread...i figured that google halved is Goo.....

Jim Cramer,  a couple of weeks ago, had a good point on stocks like this.  Avoid the momentum plays that are getting beat up and avoid the controversial stocks ( google, apple etc...etc...) and stick with whats working.  ( Oils, aerospace, transports ( ex-airlines) etc...)

Common sense maybe but then theres nothing common about it.

 

Why is Apple controversial? Skyrocketing sales, zero debt, huge cash reserves? When it was down at like 13 dollars a share and everyone was writing them off as dead, it didn't make sense because they had a billion cash and no debt....