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Shorted GOOG again

 (Exited Position Neutral on GOOG updated 2/5/08) GOOG is going to continue to trade lower in my opinion.   Selling will continue Monday as the stock is not as attractive to investors.  Many may sell off the stock because it missed expectations and MSFT is buying YHOO.  The Google team is talented and growing.  Take a look at the conference transcript link at the bottom from Seeking Alpha.

  BIDU is taking share in China and can take on searches in multiple languages.  BIDU is going after the search market in Japan. The valuation is way too high given the uncertainty of future profits.  Where ever there is profits competition is sure to rise up.   I don’t think its a stretch to say Microsoft entering the search market buying  YHOO will seriously slow growth expectations of Google. http://www.cnbc.com/id/22947600/site/14081545?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo   Nor is it a stretch that earning could deteriorate as a result of customers clicking less advertising as they become aware these ads are often low quality trying to sell something.  http://biz.yahoo.com/ap/080201/google_ahead_of_the_bell.html?.v=1 I have been in and out of this stock short the past month, and putting my profits backs to work on the news that  MSFT entering the search race buying YHOO.   I think GOOG trades back to $450 sooner than later.    The conference call was mixed.  Google is working hard here is a link to the conference call. http://seekingalpha.com/article/62591-google-q4-2007-earnings-call-transcript?source=yahoo&page=3  Some interesting improvements in expanding different language searches, and a cost per sale option offered rather than a cost per click as a choice of options should boost ROI for advertisers.   Growth in the U.K was only 5% and 9% in the U.S.

entertainment purposes only

February 1, 2008 - Posted by | Uncategorized | , , , , , , , , , , , , ,

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