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Tuesday, January 31, 2006

Google Earnings: Good AH Trade - Long (seriously) (GOOG)

Google earnings scared the sh*t out of the daytraders and hysterics. But they actually beat my expectations, which is great for them. If you look at the numbers, they met revenue targets; wildly hyped, overinflated targets. Yeah, they put up some big, fat revenue numbers.
Q: What does this mean?
A: This means that there is nothing fundamentally wrong with their business.
Google missed earnings because everyone f'd up their tax estimates. That's not anything wrong with Google, that's something wrong with everyone's models.
Additionally, they basically said that they haven't even begun to pull the international revenues lever yet. I assumed that they were already jerkin' this chain pretty hard.
The big funds get this and will use this opportunity to average in. It will close tomorrow over $375. Far enough over for a decent trade in my book...

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