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Here Is Why GOOG Has Plunged By 10% (So Far)
While everyone knows that GOOG is halted and may or may not resume trading before market close (and no, RRD merely reported the facts, if only early, and as everyone knows the market has a revulsion to reality peeking during trading hours), few are aware just why it is that everyone dumped the stock which soared to all time highs a few short weeks ago. Here it is, in its full visual splendor - Google's Operating Income, which was expected to come in at $3.536 billion printed at $2.736 billion, a 23% miss!
And that's just half the story. The chart below shows not only the historical data, but where the once again massively wrong sell-side crew sees Q4 Operating Income going. GOOG has to see its operating income soar by nearly $1.5 billion in Q4 just to resume its previous upward glidepath.
... Good luck
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VIX back to unchanged. Everything makes perfect sense.
OCT 20, GOOG OPTIONS:
http://imageshack.us/a/img248/300/googoptions.jpg
I don't know if that 680 put was a misprint at 3000%.... or if all the others were misprints (should have an extra zero there)...
Google clearly did not get the memo, no bad number prints before the election.
HOLY SHEEET!!
Look at this one:
http://imageshack.us/content_round.php?page=done&l=img443/1658/googoct20.jpg
but but but GOOG is a value stock with a great dividend and fantastic forward-looking growth model.
Oh wait...
Sorry muppets. Google Night and Google Luck.
.
The key to a futures position is to position yourself long enough that it pays off after you die. You know, if you bought in right after the effects of Black Tuesday subsided, and timed it right, you could be now one very rich and contented 130-year-old man. +1
I actually agree with you . THE END
AnAnonymousCitizenism says this is the sound of one UST clapping
Argh please use imgur.com next time instead of that ad page.
please explain
If you bought a put you could have made 3600%:
http://imageshack.us/a/img443/1658/googoct20.jpg
Somebody wants Mittens in.
Well, that's what Lindsey Williams says. For what it's worth.
Ladies and Gentlemen by the providence of God I was allowed to live with the elite for 3 years. Get your pencil and paper ready to write down these buzz words. Devil's messiah. Currency of the elite. Keep your eye on China. What I have to tell you could save your dinner table.
I can't remember what else that goofy old man has to say. Very intesting entertaining however. Always makes me laugh.
I beg of you, write this down. I play buzzword bingo with a friend whenever he's on the Alex Jones show.
Can't take a word of his seriously, but I do find him amusing.
'I beg of you' - I'm ashamed that I didn't remember that one. Classic LW lingo.
Lindsey Williams is an easy target but a lot of what he says makes sense. Just sayin'.
He has to many "ELITE" friends for my taste
Very true, but between him and Alex Jones there is so much waffle. Why take five minutes when you can make it last two hours - 'Did you get that'.
I can't stand him because he takes 40 minutes to tell you 3 quick points he learned. The only interviewer that makes it bearable is Alex Jones because he gets all hyper and cuts Williams off, finishes his point for him.
He uses 10 sentences to get to the point. We don't have all day Lindsey, spit it out already.
You wouldn't happen to have that name (The shootist) from an episode of the FBI Files? Just asking, as that episode was on last night...
Can you imagine watching his whole DVD set? I bet no one has ever finished watching the whole thing.
He's just another carnival barker. They're not permitted any dead air.
http://www.youtube.com/watch?v=y8YcEmKleJk&feature=related
Sounds like a job for Gold Sacks.
Goldman said so too, with their wallets.
Not the googs, they love Obama's green projects and donate to the Marxist.
If the market toilet flushes in the forest, everybody hears it.
The Emperor of Google has no clothes.
If the foo shits, wear it.
Bitchez.
GOOGLUCK with that.
I saw the Oct 680 puts displaying +3600% on my platform. May have been a glitch. right now it's +281%
this whole motherfucker is one big multifaceted glitch.
you won't get any argument from me on that
Fuck, I thought they were tying up profitable government contracts.
I wouldn't be surprized for this to be a controlled burn.
The perfect time to trick and scare people is during halloween.
There's nothing like the Fed & HFT criminal scum working together...hand-in-hand......with $85 billion of freshly printed money designated for criminal stock manipulation...in order to make this world a better place...despite the fact that earnings are tearing up the whole game.
Donally takes out Page
<iframe width="420" height="315" src="http://www.youtube.com/embed/RfRrA6XP1o0" frameborder="0" allowfullscreen></iframe>
This does not inspire confidence in market participants whatsoever.
Unfortunately Algos do not know the term
Hmmm....I see the transmogrifier is working well.
+1 Love Calvin and Hobbes
Training is haltered in order to "reorder" all of the bids so the right people don't get crushed. This type of event generates so much volume that even the algos have trouble front running. Trading will resume with .0000005 minutes left in the day to let the HFT get their money.
I like to think I like the truth as much as anybody, but . . . owww. That shit hurt right there.
Any chance small business owners across America finally realized that Google advertising is a complete and total waste of money?
I only use them when they give me free promos.
I initially read that ad "free ponies." It made more sense then.
I thought it said free POMO's (Permanent Open Market Operations)
Where have you been living? It has one of the highest ROI's out there and can be directly attributed to sales/leads via analytics. You can't say that with most other marketing tactics. The problem is that the costs and competition have increased so much that it's pricing out the small guys. Companies have been cutting budgets across the board. As you may or probably not know, marketing budgets usually get slashed first.
Yep, I've helped a couple friends launch small businesses, and depending on the niche, google ads is far and away the second-most effective advertising (word of mouth being #1). However, it's gotten a lot more competitive so the ROI is declining, and the economy is in the toilet so the money isn't there the way it used to be. Google's issue is economy-driven market saturation, there simply are too many businesses chasing too few customers.
Note in some segments the ROI is terrible, the cost per click to get a first-page ad placement for mortgage refi's is truly insane.
I advertised with them from 2005 to 2008 but dropped them 4th quarter 2008 as I couldn't afford the average $2,500-$3,000 monthly cost when the sheeet hit the fan with my clients. I lost 65% of my business volume by the end of the 1st quarter 2009 and I haven't recovered any of that loss. Been stagnant ever since. Half of the clicks I got were from job seekers which was not what I wanted but there was no way to eliminate that due to the type of service business I am.
Ah, the story behind the story. Too bad you're not in the temp placement biz. But even that has only a couple more good years, imo.
If Google's draft numbers were this bad before a probable last minute accounting fudge, imagine what the draft numbers for Apple are.
The first papers that go to CFO's desks must be 180 degrees away from the eventual public release.
Someone right now is figuring out how to add another 20% to Apple's top line. Probably estimating 100 million iPad minis sold to put on the books now before it is even unveiled.
Google gives android away to grab Apple market share and people wonder why the bottom line heads to the bottom?
Hate Apple all you want but they know how to make and sustain a market that actually spends money not just eyeballs
When your flagship "big new growth" product contributes ZERO to your bottom line, and projects that way into the distant future, you're gonna start having days like these.
Golego!!
Who the fuck needs operating income these days?
Make shit up like everyone else - get with the program Goog!
Who the fuck needs operating income these days?
Nobody. Look at AMZN - a company with ZERO PROFITS and had an UGLY miss last quarter (as usual) and the stock is within a whisker of its all-time high.
Just BTFD, Shalom has got your back!
The only possible justification I can see for Amazon's stock price is the underlying assumption that Amazon is going to put every single retailer in the world out of business, at which point they will be free to charge whatever they want.
TRADING HALTED?? and this is supposedly a free market?? LMAO...Could it be that GOOGLE is TBTF?
Instead of price discovery, we have TBTF discovery.
Can't wait to see the comparison to Reggie's projection!
He's got a few "mobile dilution" tweets on his blog so far.
Reggie 3...2...1
Hahaha, LONG GOOG and SHORT APPL
Hey biatch, how dat working out for you.
Hahahahah.
Ever see a shit shit itself?
So does that mean the boycott GOOGLE/YOUTUBE week movement few weeks ago was a success?
All well and good but they were lined up around the block to buy Spanish and Italian debt today and Polaris sold a record number of snowmobiles in a year without snow! omfg! lmfao!
I'm gonna go out on a limb here and call intermediate bottom in bonds.
http://blog.quantsig.net/2012/10/18/10-year-2/
Also keep an eye on gold:
https://www.quantsig.net/live.html#?&charts=hrs,m8h
When CNBS tries to bs everyone about how good earnings are, you refer to this chart for the ones that really matter.
Apple Inc AAPL 604.26 Exxon Mobil Corp. XOM 431.08 Wal-Mart Stores, Inc. WMT 258.93 Microsoft Corporation MSFT 249.47 Google Inc GOOG 247.10 General Electric Co GE 241.90 International Business Machines Corp. IBM 229.27 Chevron Corporation CVX 226.00 Berkshire Hathaway Inc. BRK.A 224.70 AT&T Inc T 206.07 Johnson & Johnson JNJ 195.75 Pfizer Inc PFE 193.01 Procter & Gamble Co. PG 191.55 Wells Fargo & Co. WFC 182.08 JPMorgan Chase & Co. JPM 175.40 Coca-Cola Co (The) KO 169.90 Philip Morris International Inc PM 154.83 Oracle Corp. ORCL 150.50 Merck & Co., Inc MRK 144.33 Verizon Communications Inc VZ 127.40Large caps/Top 20 by market cap
Bubbles:AAPL ,GOOG, BRK
goog going down.
FYI: http://www.buzzfeed.com/jwherrman/why-google-could-be-in-serious-trouble
Nice. Who would have thought that people ignore ads.
Except for Snorg, of course.
I sure would like to see those Snorg boobies deployed at action stations.
cost-per-click decreased.
Does that mean revenue-per-click decreased, or does it mean cost, per click, decreased?
Did the amount of money they take in, gross, from someone clicking on their ad decrease?
Or, did their total expenses divided by total number of ad clicks decrease?
I would ignore the jargon.
The bottom line is the search ad business is under competitive pressure from social media targeted ads and margins are eroding at a pace inconsistent with the market's state of inflated exuberance.
I was wondering why the market was being ramped all morning.
Me too -- yesterday and today they were pushing on firm ceiling / resistance when this type of corrective pullback was needed but not being allowed -- someone was pushing into that sell-liquidity roof like they had a mandate .. perhaps figured they ride the ceiling upward which they did -- then THIS happened -- right on time, and right about when the Yen at 12590 was negative -2.5x standard deviation oversold on 4hr chart met, kaboom or kersplat -- out comes the GOOG news right on time and we get the initial part of needed corrective move on the ES and its euro/eur-yen risk-on pals...very curious timing, that placing of technical banana peel for the bulls today -- so far only yielding the needed technical move however, even as selling back through next week makes some sense, after reaching closer to 1470 -- each of the last 5 months they have sold off into around the 26th or so -- and too, next week we have 2Y-5Y-7Y auctions at a slow time of year for treasurys (they're not benefiting much from the GOOG-splat today) and weaker stocks may be needed by the engineers to get those auctions "done right" --- goofy managed markets we inhabit...
1light=5stars.
nice post
thanks
Battle of the NWO cleptocrats. Things are getting frosty.
Love to watch them fight each other on the top of the shit pile.
Popcorn!
RRD still climbing out -1.34%
doubling the butter
but...but...but...Reggie said.....
Google reflects the internet economy and that reflection looks like an Obamanation on food stamps.
Algos confused........stocks can go down?
I feel guilty about closing my blog last week.
that's a huge drop. It needs to be seasonally adjusted. Call in BLS
almighty dow is in the red for -1..............................moo-ve along...................................everybody focus on whats important:
google hot trends:
Herman Melville Books 2.American Horror Story 3.Kyna Treacy 4.MSNBC 5.X Factor 6.Megan Fox 7.Lance Armstrong 8.Bb&t 9.Lane Goodwin 10.Eminem
Sort of revealing that an "information" company can't keep its own shit secret.
All we need is a flash crash by the bots. Like your schizoid relative on speed, they seem to get unstable when other bots take huge dumps.
It will only resume trading if Warren Buffet & the schill machine (good band name) put propaganda into motion and get some buy at open orders. lolol
No power great enough to stop it. "It" being the economic disintigration.
GOOG, GOOG, you swim so fine, miss another quarter and your ass is mine.
and now for something completely different.
Bloomberg tv carrying Goldman's water with this report.
After Goldman did an internal report they have found that Greg Smith was just a disgruntled employee and that Goldman doesn't hammer the muppets. And this gem, apparently they are saying that the term Muppet in the UK is not condescending.
I guess Greg Smith is releasing a book soon and Goldman is front running saying the guy was just greedy and felt he wasn't paid enough.
Muppets rejoice Goldman has your their back.
The news should be about the earnings and all they can focus on at CNBC is the early release. This financial news agency has become a complete farce. I can imagine CNBC going on 24 hour news cycle working overtime to insure investors that everything at Google and the Nasdaq is fine. Call me cynically challenged right now.
Agree that is why I come here for my news.
GOOG's premature release all over the market = Googkake. splash.
to the pain,
Money McBags
Start writing your blog again, I always looked forward to it.
Much love Mr. Funk,
Unfortunately, dick jokes pay exactly dick, so Money McBags has been back working for the man for the last 1.5 years (and luckily the man pays well and doesn't require swallowing). He explained it all in his last column on the award winning www.whengeniusprevailed.com
He is still dick joking away daily on the twitter https://twitter.com/moneymcbags, though he fully admits comparing the quality of his tweets to the quality of his column is like comparing Ben Bernanke to Paul Volcker, or Mayim Bialik to Beth Humphreys http://bit.ly/TxcqbO, but it is what it is.
To the pain,
Money McBags
Great to see you post! Any jokes?
Mitt Romney's tax plan? Barack Obama's credibility? JPM's earnings? rim shot please (especially if it is Money McBag's rim and Sophie Turner http://bit.ly/RJjyCp is giving the shot).
If you want daily market dick jokes, Money McBags is still here for you https://twitter.com/moneymcbags.
To the pain,
Money McBags
The Corporate/Fascism model is under attack.
I'm heading underground until monday at least. Here in Studio City everything feels wrong today, I cant place it but something is wrong. I am glad that I am having this episode. It has exposed a gaping hole in my plans which I can't believe that I missed. I have a number of paintings are too large to fit through the blast door on my shelter, so , I am mortified. I am considering taking the canvas's off of their frames and rolling them up to get them in the shelter. I feel stupid for missing these details. Gold and Silver are easy. Valuable art or furniture, not so easy. I hate to leave the stuff upstairs undefended. I'll figure it out.
Good luck all.
I saw an article about @PendingLarry on Twitter. Pretty funny.
http://www.twitter.com/pendinglarry
Those are hilarious. My favs...
Halt this asshole$$
this halt is going to give people a chance to more closely revieew the numbers...when trading resumes....it should be a bloodbath.
And the Dow is down 6 points.
STFU & BTFD!
Let me guess which side of the trades all those HFT liquidity providers were on during the collapse.
Welcome to the new step function market action folks.
I'd love to see a video those babies trying to "Actively Trade" through this with all the amazing tools provided to them on the eTrade website. Something tells me there's going to be several loads of diapers getting washed out tonight.
holy shit!
Radio Update: Google shares halted
http://www.marketwatch.com/story/radio-update-google-shares-halted-2012-...
Well it was up stupidly like 40% in the last 3 months. I doubt they could have reported anything good enough because they were not worth that much anyway.
Weeeeeeeeeeeeeee!!!!!!!111
Ads....Ads....? I don't care what kind of ad you're pimping, if people don't have discretionary income to spend, you ain't selling sheeeeeet..... Our consumer economy is trending towards major purchases consisting of generic peanut butter, day-old bread and nearly expired gallons of milk.
True, on the mass level. But the frenetic widening of the income/wealth gap still gives many spenders an increasingly hot buttload of money to waste. High ticket consumption is strong worldwide.
GOOG will have to put some squeeze on them. True, without little guys who have a few bucks to waste in pursuit of their precious american dream and, hence, ready for a good raping on their way into BK, this is only the beginning of the headwinds facing Google.
imagine how bad Facebook is ??