Thursday, October 18, 2012

Google

Google (GOOG) missed on revenue and earnings and the stock dropped $60/share -- Ouch!  I would exit immediately if I owned any.  This is likely to keep dropping further for a little while.  This is typical of when a growth company shows any sign of trouble -- it gets beat up immediately.

Google is still a great company, but I don't want to own it until they sort things out with their Motorola acquisition.  At some point, it will probably be a good buy, but probably not for a matter or weeks or months.