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Early Thoughts On Google From UBS
With the stock getting monkeyhammered after hours, here are first flash thoughts on GOOG's quarter from UBS (which has a $700 price target). As soon as they are available, we will present the thoughts of everyone else who has a Buy on the name (pretty much all of Wall Street).
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They didn't mention the China block war in their risks section.
Monkey-hammered. So many visuals, but this one is a classic:
http://www.youtube.com/watch?v=9YgB-77LtJ4
Monkeyhammered? C'mon. It's unchanged from monday and up 50% since last year.
Ya! And also its got a target of $700-800 from most shops! And all those banks only want the best for their clients! And they have very objective ratings! And they also have never suggested MBSs or CDOs!
Ya!!
Yes, but not going up exponentially is the new sell-off.
+1
...and just fifteen percent or so shy of its 2007 high
Google - Sell the news or Just Not Good Enough?
http://blog.rebeltraders.net/2010/04/15/google-sell-the-news-or-just-not...
The call buying (expiring tomorrow) was so frantic today, it was a no-brainer they'd sell the stock off.
Example - the April 630 calls traded 1 1/2 times it's open interest and closed at $2.16. GOOG call buying bulltards needed the stock to hit $632 tomorrow, just to break even. Amazing stupidity..........
yes, I dont call this a monkey hammering (yet). down 30 % would be more like it.
Yep. A clear short spread. In this climate...I can't bet on $700 GOOG. Long cash seems safer.
GOOG is sucking up too much oxygen. I'm curious about BING and whether it has a chance to chip off larger pieces of GOOG ad business. Any research ??
That MSN launching platform is pretty compelling.
I never used any microsoft search before bing. The ONLY reason I will use bing is to score through their cashback program. I pocketed about $500 from it since they started on stuff I was buying anyways.
Otherwise, I use Google. Why wouldn't you use the only search engine company that will stand up to China?
Plus, using Google Adsense/Adwords is 100x better/easier than microsoft's pay per click programs. When I was putting a few grand a month towards my ad budget, I probably only gave microsoft less than 5 percent of it.
hmmm, the past tense there kinda jumps out. Adwords is basically a scam, ROI is piss poor. Bing delivers buyers, not ad-crackhead, third world publishers doing monkey clicks on your ads to put some charcoal money in his pocket. I've seen way to many adword budgets produce squat for the advertiser, it's really a suckers game in most markets.
dont worry though. UBS will be the first to downgrade them with a downside target of 200. Ha. Wonder what BB's thinkin?
Google beats forecast (6.76/share vs Thompson Reuters forecast of 6.60/share) and off 5% after hours. AMD delivers .09/share adjusted against expected -.03/share and off 5% after hours. Intel sells off after hours in sympathy. Tomorrow might be interesting.
Nah, BAC and GE will save the day - don't you worry.
Who's worried? Just see a lot of pragmatic souls and prepared people here
Now shut the fuck up and keep between you and Cramer what he's taught you, he's long past discredited around here and so are you.
ISRG blew away the "high" number mark but still getting sold off. Are we in for a rough one tomorrow ? Get a funny feeling here.
I don't know but I can say this. Intel's quarterly results were a complete work of fiction. AMD is still telling the truth as well as ARM and VIA. Just waiting to watch nvidia lie out it's ass to go along with Apple's liar liar liar report.
Oh interesting stastic. Credit card charging has dropped for the 17th month in a ROW for a grand total of 100 billion less credit card purchases.
what was the lie on intel quarter?
and what will be the apple lie?
Judging by how much they are revising each quarterly report they are hammering huge sales and restocking them and it looks like to me it's accelerating. Who they are playing with I don't know but my guess is it takes 2 to tango and it's probably someone chinese or japanase or taiwanese or who has dirty knees.
For AAPL there was lots of stir in the news when a few quarters ago they decided to book profits from future (non-reliable and not easily estimated) profits regarding their Apple Tvs and subscriptions for various services. GAAP was (and presumable is) still pissed.
Just a way to show (the BODs) short-term interests are the most important, certainly more important than long-term viability of the company (only so long imbeciles will keep buying over-priced under-performing crapbooks).
Ya got lots of good puffer fish crap from apple goons over that one. They really didn't like me explaining the accounting change to them. They were really stuck on the apple just esploded it's the shiznitz.
I don't know I'm a bit concerned because I was expecting a wall of shit this quarter and it seems like the wall is busted. Intels really shoving the shit down the fanboys so it's not looking good at all. I just expected microsoft to be more in the public eye and full of crap than it is. Very strange. I just can't figure out the energy sector. It's smack dab in the middle of a one busted nut experience and keeps bragging about booking record profits. So my guess is they are boiling iraqi accountants and bankers in oil.
With all the geopol risk...long oil. Timebomb, and the fuse is lit.
Unless it's just a ruse, which IMO is unlikely.
Wait, Ammedinajihad will stir the pot soon.
Be in before that.
Not that AAPL can be compared to Enron, but isn't that kind of what Enron did-i.e.-book profits from future (and non-reliable) numbers/assumptions?
I'm not sure about Enron but the acctg change with AAPL was if you sold an I-Phone and a 2 yr contract you could book all of the phone sale on day 1 rather than spreading it over 2 years.
I still have never heard a confirmation that that is why last qtr was so good for AAPL. Did they pull in ALL of that revenue? Some of it?
Google advanced search
'pablum narrative' 770 hits
http://www.google.com/search?hl=en&as_q=&as_epq=pablum+narrative&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=off
Google advanced search
'monkeyhammered' 582 hits
http://www.google.com/search?hl=en&as_q=&as_epq=monkeyhammered&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=off
Hmmm . . . a Tyler-trademarked original phrase? If so, as impressive as my gang's invention of "wussy" in the 60s.
If the market manages to avoid high volume selling tomorrow, and either finishes + or 50% above its interday low, I will come to two conclusions:
1) This market will not be allowed to go down by who or what is behind the curtain;
2) You cannot short this market or it will tear you to shreds.
However, just because it will not go down or enter a correction stage does not mean it will continue to go up. A monkey and dart list of stocks will continue to pop up and then go back down as traders continue to dominate.
The indexes may be flat for the foreseeable future. Tomorrow ... and the rest of earnings season ... will be interesting.
Google has a thousand ways to make numbers, let down click fraud filters for a day or two..re-jigger search results in some high paying keyword areas..they're magic until the next google comes along.
The serious problem with all that use Goog is that they save every search you do. I've said it before and I'll say it again--don't use Google search. You are being watched, monitored, and your life is for sale. Why else would they have banked it from day one.
Google sucks for search anyway. Use a mulititude of engines to find your way around and never put anything into Google that you could be "called into question" for. When push comes to shove, that data will be available to the powers that be and you will be sorry. If you have a GMail account, search somewhere else, always.
scroogle it and get the best of both worlds
It's funny how people don't listen or care. Google pretty much states upfront that they are going to abuse you and your search/email/social habits and the peeps go merrily along with it.
I was quick enough on the trigger years ago to get the google search data leaked by AOL, it's a snoops paradise.
http://en.wikipedia.org/wiki/AOL_search_data_scandal
Google is facing a number of headwinds:
1) Their entire business model is reliant upon 1 page and Youtube.
2) Bing essentially does the same thing as Google. They finally got it right and have gained market share on Google for the 10th consecutive month.
3) As much as I hate Facebook I believe the tide is about to turn heavily with advertising geared more toward social networking and web 2.0 advertising. Google is entirely too late to the party on their "Buzz" platform.
Technology moves swiftly just ask AOL since they define having the world in the palm ofyour hand and dropping it. Google will still do well for years on out but their growth will being modest at best. In the future it is tech companies that will become the safe low multiple stocks and a 30 P/E on Google is too much.
you're either on the train or on the tracks, kids. shorts on google better be long on bandaids. this company has a franchise that's made their name a verb. last time I saw that was some little "startup market data company" in the 80's, but you can't buy that stock (although Stan O'Neal sold a nice block in july 2008).
If you had to guess a price 3 months forward, say a 15% swing, are you long for $650 or short for $490?
--rq