AUTOREFRESH 
Google profit falls short of estimates
By Sean Lee || April 15, 2010 at 22:35 GMT
|| 42 comments || Add comment
The shares in Google have fallen after the close after the company profits fell short of many analyst estimates. This may encourage some selling on regional bourses and also some general risk aversion trades in the FX market. It is Friday after all, the usual risk off day, and with a possibility of some Chinese revaluation over the weekend, I would not be surprised to see some long positions taking profit in the JPY crosses as the session progresses.
mmm..according to the beeb “Google profit beats expectations”
http://news.bbc.co.uk/2/hi/business/8623881.stm
Google pay per click didn’t meet estimates. Eric Schmidt didn’t do the conference call. That is why it is getting clobbered. They just all of a sudden announced he wouldn’t be doing the calls anymore.
Oops and I trusted Bloomberg. They also say that the shares have declined after hours, anyone with access to those prices?
“GOOG”: http://www.marketwatch.com/story/google-amd-to-reveal-results-in-evening-trade-2010-04-15?dist=afterbell
no prob fitty! Sorry Sean, milady’s not home or else I wouldve been able to get the price. Tried calling
Hey Sean, GOOG is at 566.65. Big question about why they’d make such a silly mistake as not setting the expectations of the role changes well in advance. They know Wall St doesn’t like surprises like that.
Thanks JR, I guess they’re still pretty new to the big business game though I’m not sure if that’s an excuse. Still running short EUR?
Hey Sean, Google is run better than that- that’s why it’s a headscratcher. And, yup, still short eur/usd- the plan has been to cover around 1.35 and go long, but we’ll see how things play. I’m guessing that we’ll default back to the 1.34-1.38 range, ’til it breaks down again, but we’ll see how it plays. Cheers,
Darnit JR! I biked home and everything to get that price! (j/k I was heading that way anyway) That’s one heckuva big red candle!
Why, did you set fire to your bike?
Hey jr i’m short eur to-to-to! Should we share the level? Sean already did. JUst reverse it . hint sixes.
Prolly would’ve if I owned any google ‘Lac
Hey Guys, Assuming that there’s no real weirdness going on, GOOG is prob a decent short-term buy and INTC is prob a decent short. If I were in options trading mode, I might go for a put on INTC looking for it to move back to 22.5. S&P 500 is about 1% away from making a 61.8% retracement from it’s long term lows. I’m still expecting a bit of an equity correction (5-10%) after earnings season. It’d be nice to see eur/jpy double top at 127.9. Looks like eur/usd is moving down and usd/jpy is moving up a little.
Lilac zeke got burned buy lack of friction from aud. I on thankfully seans advice picked up a lucky whopping 24 pips on eur/aud. Sea snails are more fun to watch.
Jr are still long cad/usd?
Bored, yes. Burnt, no
sounds nice. definitely worth working for.
Hey Annie, Yeah, with a small position. Looking to ring the register around 1.006. I prefer trading oil futures to usd/cad but find myself in the cad trade from time to time. I think oil can hit 150 again, either next year or in 2012.
Good to know you’ve got the wheels greased Zeke
I hope not. It will kill the economy…again
China is going to keep supporting it’s SEOs, and western co’s need to reflate their banks, so I see the recovery continuing- and if it does, oil demand/supply dynamics are going to kick in… Just like before.
annie…recc squaring take 25 pips and bank it….or 1/2 off table…signing off im out
sean aren’t you going to pull an o’rielly or something. dag nabbit control this forrum!
took 30 pips zz good call thnx
Schmidt didn’t help, but their advertising revenue being kind of weak, is why the stock is down mainly.
closed my eur long for small profit. Playing bounce off of aud/usd when i t/p from my short. Too much slippage from currency to currency right now.
Not weak, but not “blowout” enough for the sugar stoned bulls.
Hart, you’re not sticking around to play a potential break of 125.5?
I’m in a better position jr. with my aud short. it’s active and doing well. when i cut it i will go long eur/usd and just pick up pips on my long aud position from 9169.
cool- this is just a dress rehearsal for the real selloff in yen crosses, which should come right after earnings season.
Those yen crosses are definitely fast fun and intoxicating jr. I had a quick aud/jpy long trade yesterday that i made a few bucks on.
that aud/jpy keeps making new yearly highs… congrats on the trade bro
JR glad i got i out when i did sean scared me short. Other wise i would be in the proverbial (deep weeds).
He’s the man, and I think Sean’s right about that 125.7/125.5 level. It was good for 200 pips up, might just be good for 200 pips down. Got the 20d avg at 125,5, the 50d at 125.2. It’s been about a week since it’s last big 200 pip red candle.
which chart jr? daily or weekly?
Hey Hart, checkout April 6th’s eur/jpy candle. I think we could see something like that for today. Hey Solange, thanks for the insight. Cheers,
Well one thing is for sure! There are a some seriously bright minds on this site. I really appreciate every ones input!
126.15 middle of the gap jr. Nice, very nice!
handled jr good idea. so loonie q/a how’s that trade working?
just cut my aud short for uh 30 something pips. going long. Jeese i think i need a shave after watching this boouunce.
hey hart, the usd/cad long was a small bottom fish play. i’m looking to ring the register at 1.006. i have a full position of eur/jpy short from 125.75 and 125.7. I’ll stay up through the early european open and see what the motion in the ocean is- might sleep on it or take some off.
Just like the mask jr. smokin! All nighter it is. Very familiar with those levels and want some payback.