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By JLP | January 31, 2006

I don’t usually talk about individual stocks. Today I will make an exception. Google announced their fourth quarter earnings results this afternoon. Although the results weren’t necessarily bad, they weren’t up to analysts’ expectations. In after-hours trading the stock is getting hammered, down nearly $69 per share at this writing. All I can say is that IT’S ABOUT TIME! There was no way Google could continue on its rampage.

It will be interesting to see what happens next. Oh, and NO, I don’t own any Google stock.

Topics: Investing | 7 Comments »

7 Responses to “Google”

  1. Steve Mertz Says:
    January 31st, 2006 at 5:40 pm

    How did u know to short a thousand shares of Google :) ps I bet “they” will buy on the dip!

  2. trip Says:
    January 31st, 2006 at 6:13 pm

    Are you sure you don’t have a growth mutual fund with just a little GOOG? 😉

  3. JLP Says:
    January 31st, 2006 at 6:16 pm

    Okay, okay. Maybe I should have said “I do not own any Google stock that I am aware of.”

  4. Erik Says:
    January 31st, 2006 at 7:43 pm

    My Dad tries to beat the market by picking individual stocks. It’s just a form of gambling.
    Unless you have the time to follow the market and each company’s news and financials, it’s impossible to predict the market. Google is not going to plummet and it will probably rebound. But anyone that knows anything about
    investing knows that diversification is a wise financial strategy, not a cop out.

  5. gabor Says:
    January 31st, 2006 at 11:04 pm

    Goog will fall, because the growth story is ending.

  6. Jose Says:
    February 1st, 2006 at 9:48 am

    Liked your story.
    Just entered a story on google on my blog this morning.

  7. Shane Ede Says:
    February 2nd, 2006 at 6:30 pm

    I especially like how you said “It’s about time!!” and the stock price was back over $400 today…