PokerDonkey

A Google Bear's Take on Earnings

Wow, you've scared me out of GOOG. Not. It's the leader of a growing industry, and no, a 40 P/E isn't a "bubble valuation". Instead of losing billions, it's growing earnings 30% y/y during the current economic state, and it "missed" the OLD estimate $.03 or 0.6%. OMG! The sky is falling!!! Those estimates were reduced because comScore can't count using a consistent methodolgy and the stock price reflected the NEW earnings expectations. If I were you, I'd use today's profit taking to cover my short position.