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GOOG this!

7-19-07: Google’s (GOOG) Q2 failed to exceed expectation. It would appear the lofty expectation has finally caught up. Despite a huge net profit of $929, it was not enough. In fact, the company missed by 3 cents per share (reported $3.56 vs the expected $3.59). The out of whack expectation is fundamentally why owning Google is such a risk. Personally, this is good news as we are sick and tired of hearing how great this company is. Everybody and their brothers on Wall Street keep hyping this stock. Perhaps this miss will quiet the talking heads on Wall Street down. Google should fall back below $500 where it belongs in a few weeks.

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Posted by ibooyah on July 19, 2007 01:20 PM |

Comments

hi, any comments on aapl on their earning? stock has run up a lot but some analyst upgraded it to 200.

also, you were turning bearish on the mkt? has anything changed? thnx

Shawn

Posted by: shawn | July 21, 2007 01:48 PM

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