Look at his record with google. He (they) were wrong every time.
Look at the Jan, look at march (they said buy, stock went down big time).
They just suck at making right calls.
Means nothing. They missed to get in at sub 500 and wented to bring google down to get in. Didnt work.
Google will blast through 560 by week end
Good luck all
He prob watched CSpan this weekend and saw Eric Schmidts testimony in front of the Anti trust panel. There are a couple of Senators who are going to intro some tough regulations that force Goog to play nice and back off killing their competition.
The only thing I didnt get was that there was no testimony from consumers that dont want their personal info used without permission or payment. I guess thats next.
According to SN analyst the web is becoming more Facebook centric versus Google centric. Large acquisitions from GOOG will distract management and they are legal concerns. This guy was very bullish GOOG and now has completely changed his stance and rating.
Good to knwo that it was the downgrde putting pressure on the stock yesterday relative to the market.
Today's pre-market move also good to see.
The worst thing to see is a stock going down without any reason. Downgrade doesn't bother me all as it explains the weakness.
This is a very bullish set up for earnings run up.