Quite unlikely. It is sort of buying like DYN at $1 a couple years ago....or not.. With $2 billion cash ($4.5/share), no BK worry, 80% of the shares owned by institutions, 20% of the shares are shorted, it should go back up by looking at months ahead. Not many stocks are trading below cash level. The lower the interest rate, the better for companies like ETFC, the more volatile the market, more trades people make, more commissions brokerage firms make too. But how much do I know, lol. I made a very bad decision on WCOM before when I worked for them, I trusted so much on what CEO Bernie Ebbers said, I put my every penny and 401K into WCOM, I bought it all the way down from $30s to $1, in th end, I lost them all, lessons learnt. Trust the chart, don't trust what others say or do. Always use chart, trend is your friend.
I think Google indicated right from the beginning, they resist any attempts at splitting, a total contrast to Microsoft which splits every few years.
January 2008 is the worst January in history for the market and things aren't looking very good for the future. This weeks .75 basis point was a step in the right direction, but we will need much more then 75 points. The only way we are going to get out of the crap trap that is the US stock market will be a huge push from both congress and the Fed. Congress has proposed a "tax rebate" that will give at least a short term jolt to the economy (not going to help anything in the long run) and the Feds 75 points really did nothing. We need at least another 75 points from the Fed plus a more aggressive long term solution from congress. As for your Goggle stock I would probably sell it ASAP and wait for it to bottom out and reinvest it. If you don't like this method, just sell it now and be done with it. You cant be afraid to pull the trigger or you'll end up losing alot more money then you make. A safer defensive stock like a large cap well known brand may be a better place to have your money. I'm not going to tell you where to put your money but I don't think tech is really the place to be right now. Whatever you end up doing I wish you luck and remember if you do enough research and diversify your portfolio correctly it should be difficult to lose your money, even in this market.
This small time trader betted aganist the trend of the market but costed France's 2rd largest bank €50 billion in 10 days. This is crazy. http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3257468.ece
Open an account anywhere like fidelity or schwab, I use Vangaurd a little more professional portfolio managment company. Do you want a full time broker, which will help you research and choose profitable stock, or do you just want a broker that will allow you just to buy stocks with no other services?
GOOG dropped to $550, continues the downtrend from Friday. PUDC - 0.69, it is on cruise control. Bought only 2000 shares @0.48 last week, not much cost, up 42% as of now at 0.69. Looking for a sell near 100% gain this week. So the earnings is much more predictable than Google Adwords.
Not a buy for me yet on GOOG. I am waiting for some nice Doji candlesticks to form on my charts across different timeframes, then will buy. But of course, I could miss it on a huge gap up I usually don't hold any big stocks overnight, it is pure gambling in this unstable market to hold stocks overnight (50-50) esp the trend is still down and TA has not confirmed a true support at 550.
I'm not happy when GOOG is going down when the S&P is going up... Everything else in my portfolio (PEP. CSX, CVX, D, NSC... even BAC) is up... I'll set my stop loss at 15% to make sure I don;t get taken down on a free fall...
GOOG chart, went down to $540.67... Still waiting for a higher low and higher candle formation, not formed yet, or maybe the current candle is trying to form a Doji, could be a buy tomorrow.
GOOG went down over 10% in the last couple days. ETFC is performing extremely well, went from $3s to $5, that's very impressive!
GOOG is already trading at $520s in AH>....... Google 4Q Profit Misses Analyst Target Thursday January 31, 4:44 pm ET By Michael Liedtke, AP Business Writer Google's 4Q Profit Rises 17 Percent but Falls Just Below Analyst Views SAN FRANCISCO (AP) -- Google Inc.'s fourth-quarter profit missed analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine. The Mountain View-based company said Thursday that it earned $1.21 billion, or $3.79 per share, during the final three months of 2007. That's up 17 percent from net income of $1.03 billion, or $3.29 per share, in the same period a year earlier.