Google shares drop 9% on missed numbers, 10-18-12

Discussion in 'Business, Careers & Education' started by rnoldh, Oct 18, 2012.

  1. rnoldh

    rnoldh Senior member

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  2. javyn

    javyn Senior member

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    What seems harsh, stupid, completely screwed up is how trading was halted over a 9% drop. WTF.
     


  3. rnoldh

    rnoldh Senior member

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    The halt could have been automatically triggered.

    Javyn, we hardly knew ya in CE!
     


  4. SkinnyGoomba

    SkinnyGoomba Senior member

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    All missed numbers have resulted in some brutal sell offs. PM missed by 1c on Forex and te stock went down 4%, Wfc missed on revenues slight and lost 4% as well. Google sucked it up so why should they be spared.
     


  5. javyn

    javyn Senior member

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    Of my 15K posts, some 14,900 of them were made in CE. Haven't been paying attention dude!


    Exactly, that's what I want to know. I guess some companies get a break while others don't, just like people.
     
    Last edited: Oct 19, 2012


  6. SkinnyGoomba

    SkinnyGoomba Senior member

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    MCD and GE have not been spared today. I think most of the results have been pretty decent for all of the above mention (less google). I can see why the market may feel they're overpriced however. I'm happy to see some relief so that I can buy again at decent pricing.
     
    Last edited: Oct 19, 2012


  7. CYstyle

    CYstyle Senior member

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    cmg has had it rough esp after einhorn. missing earnings hasn't helped either.

    no position but It's always interesting to watch high p/e stocks :D
     


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