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» smile_1 - Blunderous GOOG - excellent Recap

well done boildnoil

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Last Institutional Investor Out Loses
by: boildnoil 03/07/06 10:49 pm
Msg: 659661 of 659715

Boy I'd hate to be holding millions of shares.

- First, the .22 miss on earnings
- Then they discover it wasn't just taxes (a cover up)
- Then the CFO mentions slowing
- Then the lame $100B futuristic world of dreamland
- Then the insider trading in the area of $1B (more than they earn)
- Then the two founders come on TV and do a road show showing their immaturity
- Then the fact they don't give guidance (good thing or they might be out of business already)
- Then they leak phoney guidance on their website
- Then they make it look like an accident, and that way if its wrong, they don't get blamed.
- Then they tell somebody about earnings (leak) so that investors dump 20M shares before the earnings come out and stock tanks $100
- Then they tell the world they have a huge stock offering every year that is amounting to more than 1/4 of annual profits (net)
- Then they mention that business is slowing in select areas
- Then they mention that REVS (costs) are going up to an amount equal to the other 3 quarters earnings
- Then WS starts a press frenzy to support the stock while Thomson's shows everybody and their brother is dumping (even with the stock pps going up)
- Then WS gets more desperate and overnight changes the earnings for 2007 to $12 per share from $7 to make the target look good enough to sucker in more retail and little buyers to unload shares on
- Then some big houses change their projections and say $200 or $275 or $400 from the highs of $500 and $600
- Then some other independent firms start using the Elliot Wave analysis and determine that the stock has to drop to $316 or $304 support before it can legitimately make a come back
- Then the standard sites start showing short term selling is increasing and the stock's F&P chart puts a $324-304 target for short term
- Then the rumors of lower first quarter earnings and maybe a big miss put the possibility of $200s in reality
- Then stock charts starts showing the Bollinger Band low end could drop below $300
- Then accumulation starts reversing, and MACD and several other indicators start changing direction
- Then that Cramer dude decides to cool his pumping on it
- Then other analysts start saying things about click fraud (its bad, its nothing, its something, its looming) causing an aire of uncertainty
- Then the China thing
- Then the DOJ thing
- Then the possibility of wrong doing with insider trading

When only 60 days ago this was the growth stock that could do no wrong--somebody or some thousands of Wall Street firms seem bent on bringing it to a new low now.

-- posted by smile_1