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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (123829)	7/17/2008 4:26:19 PM
From: Rocket Red	Read Replies (1) \| Respond to of 313930

Google misses profit forecast Thursday, July 17, 2008 SAN FRANCISCO — — Google Inc. posted a 35 per cent rise in quarterly net profit, missing Wall Street's consensus forecast, showing the Internet leader may be suffering from a weakening global economy as rivals have. Shares of Google fell to $477 (U.S.), a decline of more than 10 per cent, from a Nasdaq close of $533.44. Net income for the second quarter rose to $1.25-billion, or $3.92 per diluted share, compared with the year-earlier quarter's $925-million, or $2.93 per diluted share, when an unexpected jump in expenses hit results. Gross revenue rose 39 per cent to $5.37-billion. Excluding stock-based compensation costs, the company reported a profit of $4.63 per share — below what Wall Street had forecast. Analysts were expecting a net profit, on average, of $4 per share for the latest quarter, according to Reuters Estimates. Excluding stock option expenses, Wall Street was looking for an average second-quarter profit of $4.72 a share. Revenue was expected to grow 39 per cent, on average, to $5.37-billion according to analysts tracked by Reuters Estimates. Forecasts ranged from $5.16-billion to $5.62-billion, representing growth of 33 per cent to 45 per cent. © Copyright The Globe and Mail

To: Rocket Red who wrote (123829)	7/17/2008 5:16:22 PM
From: Proud Deplorable	Read Replies (3) \| Respond to of 313930

Day traders need to go out and get a real job >VBG<

To: Rocket Red who wrote (123829)	7/17/2008 8:19:01 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 313930

Well we will see. I thinks this is just a pause before the big move. Could last a couple weeks to a couple of months. The correction will either be stopped at $935-$945 or $880-$890. Then voilà. If we move below $880 then it is $775-$825, but this has become a low probability.