stock marker will fall out of bed tomorrow - Page 2

Winetalk.com · 01-20-2006

Quote:

Originally Posted by Biggy

<--- still learning my lessons.

didn't even pick up on that. i know all about the yield curve... definitely lots of forces working against the market right now. especially with bad earnings seemingly coming out 1 company after another...

It's OK, as I said before, I was selling into the rallies and now sit on some cash because of it.

slavdogg · 01-20-2006

The New Market Bubble Theory
http://wired.com/news/technology/0,7...=wn_tophead_20

interesting article here

slavdogg · 01-20-2006

Quote:

Originally Posted by Biggy

I've only been picking up PLAY since Mid-Nov where I got in at $23. Just out of curiousity, how did you come across it?

I read about them in Forbes i believe

Robin · 02-01-2006

Quote:

Originally Posted by Robin

Wednesday 11th Jan: $475
Friday 20th Jan: $400

It's smashed down through the 20 day and 50 day SMAs and is fast heading for the 100 day SMA of $372. If it drops through that then the next support is probably the $311 of the day before their last earnings report.

Wednesday 1st Feb: $380

It's climbed a bit back up to 400 and met strong resistance and is now falling again. 370 is the support level - if it drops below that I may buy back in but only 3 days after it bottoms, just to be sure. GOOG is a good stock but it's just been too high lately - at the right price it'll be very worth it.

Winetalk.com · 02-01-2006

was Yahoo worth $300 a share? CMGI $380 a share?

Robin · 02-01-2006

Quote:

Originally Posted by Winetalk.com

was Yahoo worth $300 a share? CMGI $380 a share?

No - most definitely not!

But there's a difference here - Google have real earnings - they are a proper company making huge profits!

Winetalk.com · 02-01-2006

Quote:

Originally Posted by Robin

No - most definitely not!

But there's a difference here - Google have real earnings - they are a proper company making huge profits!

Robin, $1.56 a share is NOT a huge profit for a $400 company.
P/E is HUGE, not the earnings

Robin · 02-01-2006

Yep, the P/E is way high - but that's all priced-in speculation that Google will continue to increase earnings substantially. They were up 80% again last quarter - it just wasn't enough to please the market. But that's good. It's needed a pull back. I just wish the Bears would pull it back a lot more but the Bulls are still quite behind Google. It may rise for a while before the proper correction occurs. At $320 I would buy Google - at $350 - hmmm... maybe - any higher? No.

Winetalk.com · 02-01-2006

Robin, best of luck.

02-01-2006	#55
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	Re: stock marker will fall out of bed tomorrow was Yahoo worth $300 a share? CMGI $380 a share? __________________ why dogs sniff each other butts?

02-01-2006	#58
Robin Officially Tired of retirement Join Date: Dec 2003 Posts: 296	Re: stock marker will fall out of bed tomorrow Yep, the P/E is way high - but that's all priced-in speculation that Google will continue to increase earnings substantially. They were up 80% again last quarter - it just wasn't enough to please the market. But that's good. It's needed a pull back. I just wish the Bears would pull it back a lot more but the Bulls are still quite behind Google. It may rise for a while before the proper correction occurs. At $320 I would buy Google - at $350 - hmmm... maybe - any higher? No.

02-01-2006	#59
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	Re: stock marker will fall out of bed tomorrow Robin, best of luck. __________________ why dogs sniff each other butts?