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January 31, 2006

Cramer's Darling GOOG Misses

Posted by Jason R. Job

One of Prof. Oesterle's "favorite" stocks when I was a student at Ohio State was Google.  Every day in class, he would come in and discuss why he believed that Google was overvalued.  (Check out some of his discussions of GOOG: Oct. 21, 2005; Aug. 18, 2005 (Google at One); July 22, 2005).

Today, after the closing bell, Google (NASDAQ: GOOG) reported net earnings per share of $1.22 per diluted share while street estimates were $1.51 a share.  After GOOG reported earnings, its shares were halted.  Then, once the shares reopened for trading, GOOG was trading down $70 to $361 per share or 17%.

Additionally, it will be interesting what Jim Cramer has to say tonight on Mad Money when his "fan favorite" is trading down nearly 150 points from his prediction!! (Cramer expected shares of GOOG to hit $500).  BOOYAH!

January 31, 2006 in Current Affairs, Investing | Permalink

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Comments

Just wanting to know whether anyone else out there shorted shares in Google? I say "anyone else," because on my "make believe Scott has money paper trading account" Google has been short since it hit $445.

Posted by: Scott Walker | Feb 3, 2006 9:50:15 AM

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