Google is getting hammered in afterhours trading

[Sig]

Should have gone with my gut and bought a whole bunch of options. Something told me that they would disappoint on either forward guidance or revenue. I try not to invest emotionally, so I didn't put any money on it.

Oh well.

 

[Dtrigg]

Yikes I just saw it cross the tape and it was down $50

 

[Arshad]

Was down alot more, but only down $50 right now. The way the market has been the past several days, it was expected that the slightest bad news would send it into a nosedive, and GOOG is going to be the trigger for tomorrow. Problem is that analysts have such ridiculously high expectations that it's almost impossible to please them, even if you have a good quarter with decent guidance (eg. AAPL or GOOG). I plan on going in for a quick kill on the bounce tomorrow morning at open, hoping to make 3-4%, and then go back to cash looking for a good entry on other bargains. I'm glad I cleared out all my positions before close today.

 

[Sig]

From further reading, it looks like revenue was not the biggest problem for Google this quarter. Rather the 'Peoples Republic of California':biggrin: was the problem and levied their 40% quasi-socialist tax rate on them.

Google doesn't give guidance, so that was not an issue.