GOOG - thoughts on its upcoming earnings?
Thoughts on its upcoming earnings? I think it will beat estimates and provide strong guidance. They have seen what happens when you give conservative guidance (aapl) and with this fast growing company with a peg of 1 and with a forward p\e of 30 this is an amazing stock. It reports on the 31st and the only thing I'm worried about is if the fed cuts .25 instead of .50 or even not cutting at all. This would\will mess things up for google. Your thoughts please?
Soooo dangerous in this market. If they report good numbers, the stock spikes up, everyone jumps in and sells the rally, stock goes back down. There just isn't enough volume to maintain a rally. I,ve been waiting to pull the trigger on goog, but still think there is more downside regardless of their report.
http://onlinetradersforum.com/styles...foro/clear.pngyes 30 P/E on google, good one
If that was sarcasm i said forward p\e not p\e.
Prepare yourself for a 5-7 billion dollar subprime related writedown.