The billions of cash they are still generating can and will go somewhere. This will hold up the stock price until they prove to make good investments or poor ones. With that much cash, it could go either way, all depends on future innovation. They have a ton of money to spend, and I'm sure there may be a couple clever guys at google that may come out with some great new ideas.
Or you can call them idiots, dinosaurs, etc. but you never know, it only takes one person with one good idea and the cash can pay for it. I think they'll do just fine. Probably a pretty good long term buy here, although I like alibaba for better growth prospects, so I am only holding a small amount here.
I think the panic sellers are out now. We now have lowered expectations and the potential to meet and beat going forward with their new ventures is probable. I see slow climb to 600 -650 price targets the analysts have placed. I would say Jan. earnings report will support this move. Good Luck.
I think we are down due to over reacting pessimists. I just bought a November call, and if earnings are decent, and it tanks anyway, buy a Jan call tomorrow. When all this pessimism fades, we rally again, that is as long as rev and earnings trend continues. I can risk a few grand on this, don't have to pay 50k with the option. and max loss is only a couple grand if I'm wrong. Good Luck , and I hope earnings and revs surprise to upside, go longs.
I bought on first capitulation at 24 last spring, then I bought periodically all the way up to 31, now added again at 28. Not losing much money here, only making plenty and just setting up for massive profit in the next 3 year period.
Wrong again. I bought Starbucks in the early 90's for less than 2K, now it's over 100k. I can buy more stock with the dividends alone, and the profit is real and I have never sold a share. I also don't think that Starbucks will disappear faster than it came about. You post such gibberish!
It is a roller coaster I have been buying since the low of 23-24, and all the way up to 31. If earnings one in good, we should be back to 40 by Jan. I am holding and adding as the earnings and revenue trend continues.
Did you buy the dip? I almost pulled the trigger, but I was hoping to get a couple more down days and by at 30. May not get there now.
These posts are meaningless to the movement of the stock. they are just fun wishful thinking, and the bashing you do does nothing as well. You are doing the opposite of the pumpers, just hoping you can push it down. Let the numbers tell the story and they will drive the price. Look at revenue and earnings the past 2 years and then look at future revenue and earnings stream, if anything it appears that it is slightly undervalued. 40 -50 is very realistic target the next 6 -9 months given the current estimates. Unless you are somehow correct and sales will tank, but I doubt it, you have been so wrong the past 6 months.
you got that right dag, it doesn't change any guidance. If anything, the stock was pushed up or down recently like today due to iwatch, it was just short term speculation and was overvalued the past few days. Odd, I just sold one of my September this morning hoping to buy an October one later in the day, but now I might wait a few days for the dust to settle and keep the profit, while always holding my main block of shares for the long term. Sometimes you get lucky sometimes not.
Poor guys that bought at 37 or 38 on a whim counting on iwatch, now they panic sell for a loss.
Interesting it drops 4% the day after. I'll look to pick up more shares here pretty soon. Nice buying opportunity.
Ye, and I'm talking about the move from 23 to 34, not too slow. Sheesh if that's not fast what is? Even 29- 34 is fast. You always try to slam everyone and brag about yourself, but you are stating so many exaggerations and meaningless stuff everyday.
Correct, but it is similar is not saying that is the "same as", check the english language. They raised there expectation within the range, so yes, it is not raising the ultimate high end of guidance, but it did raise there perceived expectation of performance by a little bit. So it is similar to raising guidance, just not quite all the way there. It's definitely not lowering guidance. But again what a waste of time bickering with you. It was just a general statement that the companies management is expecting better things to come, not getting worse.
And by the way, why do you scream so much when you speak? Nobody likes a screaming maniac trying to yell out all his points of view, whether correct or incorrect, it's vey annoying and most people will actually discredit what you have to say when you do all your screaming. Don't you see why all the other posters dislike you so much?
They stated high end of range which is similar to raising guidance, and they have been beating estimates lately so it bodes well, maybe not for stock price, but their business is moving along quite well.
Wow sellers pushed it down when you posted this, now lot's of buying, you better send out some more bashing, or we go above 32 again.
For the full year, the company said it expects revenue to be at the high end of a previously announced forecast for $190 million to $205 million.
High end of range, so longs are especially excited since they usually beat the estimates, and this shows strength going forward. Moron is a strong word to throw out there when to me high end of range is increased guidance since it essentially takes the low end off the table. You seem to be the moron in this situation. Now the stock price could easily drift to 29 30 again before we move to 40's on the continues growth of the company.