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Google's (GOOG -8.4%) Q3 results are out early, and they missed estimates. EPS of $9.03 missed...
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Thursday, October 18, 2012, 12:40 PM ETGoogle's (GOOG -8.4%) Q3 results are out early, and they missed estimates. EPS of $9.03 missed by $1.62, and revenue of $11.33B (+51% Y/Y, boosted by Motorola acquisition) missed by $530M. Shares are diving.
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This news story has 63 comments:
waaaaay too much complacency and overowned big time
gonna get ugly < 570
sell your aapl...it CAN go down...and stay down
There has been much debate here on SA lately about whether APPL will see $1K, I am of the belief they (APPL) are on dangerous ground letting their flagship devices to be produced in China, with it's "wheel of fortune" trade policies, which it follows when it suits them.
I stated just days ago, that APPL will plummet due to new foreign / trade policy between China, and the US just days away from being implemented. FOXCONN has a labor dispute and it takes 5000 Policemen cracking skulls to restore order? Sounds safe, right?
This is where the iPhone 5 is being produced? The device who's decline in sales can cripple APPL?
One tiny labor glich, and the stock(APPL) will take a header, just like Google, ............but on a much larger scale.
China's way of letting the US who's cracking the whip.
But even a truckers strike here once our austerity measures kick in, and they will , may cripple a ton of companies. People will not be spending so freely if that happens.
I know for a fact that truckers are refusing to shop half a load for less profit per stop. They will wait an extra week to load up and get paid in full. Fuel prices are killing them.
GOOG, FAR stronger that APPL, was used as a test bed.
Check the trading range, look at the value drivers. Why do people get so offended when someone talks smack about APPL?
Every stock drops, it's APPL turn in the barrel. Knowing when to sell is the art, not spotting 1 of 2 possible tech stocks who produce computers, to invest in.
Smart folks sold long ago when we saw $600 for the first time, done. At the time I remember saying it was trading @ 10 x value.
NO ROCKET SCIENCE
* All trades are registered. check who shorted GOOG, shortly before the drop. No surprise.
Unless Google rectifies this problem ASAP, the company could be held liable for BILLIONS in damages.
Battery life is fine UNTIL the update is installed. THEN, it drops to < 24 hours.
It's like you have a beautiful garden. I come in as the gardener and rip out all the plants. Would you be happy about that or not? No, you would infuriated and demand I fix it. Or pay damages.
I read just fine so you just provide the court case / link and I'll find it.
damages for lower battery life ... sorry bud, but that is hilarious....
Android 4.1.2 was released Oct 9.
2. Googling "Android 4.1.1 battery problem" brings up a lot of links... mostly about how Jelly Bean *improves* battery life.
3. Googling "Android 4.1.2 battery problem" brings up links that repeatedly say "bug fix", "trivial", etc. Not much about battery issues at all.
Nothing to see here, folks.
Haha I am suprised some aapl cultist didn't beat me to that nonsense plea
10% drop enough to warrant a halt by the Nasdaq ?
Or further pending news ? (don't think that can be good)
set buying @ 650, see if i can buy some today
Anyway, regarding Google itself, this is a good opportunity to but some leap year out-of-the-money calls at a lower price. Make sure you put your bid well below, though, and let scared market come to you... not often, but sometimes it is just too easy!
Right. Time to go shopping.
Seriousness please! Google loses 10% because it brought bad results, trading should be normal ...
Maybe everyone is waiting for this false market to correct then ALL will run to the doors. Your own comment kinda puts this into play. People are trying to make a quick buck but have no significant confidence in these markets. Hence bad news and head to the door.
Of course over time google will bounce back from this. But the game might be coming to an end...We shall see in a few months..
Even the metals are affected, but will bounce back much faster.!!!
CNBC says it was a "fat finger" release... can't wait for that picture on Phil's post tomorrow !
GOOGLE STOCK HAULTED!!!
Shares dropped 10% already and they reported early as well...Down 69 bucks...The correction is starting imo..
Apparently the company did not rlease the numbers . It was who they report them to. A fat finger release by someone....Now damage control kicks in!!
Wait and see in a few days...Starting a corrrection can take up to a year. Please do your due diligence before responding. Looks kinda funny...
Do you actually think this market has a lot of small time investors left in it!! Nope...It is computerized and the DOW is down!!!!
If you use the VIX for all your investments then we also disagree..
NO, sorry if you did not undertand me. A correction CAN start and take a year to finish..Please go look back to 2008 and 2009..I am really not confused at all. But keep posting your thoughts as others can learn..
Again due diligence.....
This is the first full quarter of results with Motorola attached, and the breakdown won't be pretty...
We have the lowest historical rates since the beginning of time, yet the market is barely moving and on NO VOLUME. Wall street complains that the little guy is missing all the spoils of QE. But this time, the little guy is smarter than the big guy. We little guys know the end game all too well. We know what will happen when we get back to normal interest rates and what it will do to equities and homes.
I agree but we have an Election coming up and with the Unemployment numbers blowing up today, then this...You KNOW the White House IS putting pressure on everything they can.
Too bad BO cannot control financial results....Lets see if Mitt gets time on Monday to tackle this although it is suppose to be a foreign policy debate.
Maybe under the category that our economy is FOREIGN to BO?
Advice: Go find today's most-beaten-up names, outside the tech sector, and buy some or sell some OTM puts.
One should never sell cheap puts, but days, like today, often occasion momentary hysteria, elevating premiums and presenting opportunities for sales of short-duration OTM puts to bank a few extra bucks. I would add to my previous comment, however, that I never sell puts agaisnt any name I would not be happy owning at the strike sold.