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Ahknaten -- GOOG selling stock? This is not NEWs!
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On Oct. 14th I complained about GOOG, on Nov. 3rd I complained about GOOG. Today, I read something in the WSJ this morning that annoyed me. Someone made a short recommendation on GOOG because of the insider selling, but it makes me wonder, why didn't you say that before?! If insider selling is what you specialize in, GOOG was an obvious short. It has had some of the highest insider selling out there. Yet, perhaps you did not have the guts to say 'short', because many play the momentum game. What do I mean by the momentum game? Well.... they wait for a stock to drop and then they say 'sell', or they wait for a stock to go up and then they say, 'buy'. Why did that make the news? Good grief. Sad isn't it? I've disliked this stock for a very long time, the insider selling was obvious. On Oct. 14 '07, I had written about how the F-Score was highlighted in an article about GOOG. It featured the research by Dechow, Ge, Larson and Sloan GOOG was trading at $637. Now it's down -29% since then. On Nov. 3 '07, I had written this about GOOG: "So perhaps I'm a bit critical of things, but in this world I think most are afraid to voice a "contrarian" view to the masses. I don't understand GOOG and it has been going up. I don't understand AAPL and it has been going up. Perhaps, the stock market is like the drama in the "real world", and timing Britney Spear's comeback is as hard as timing a price correction for GOOG or AAPL?" GOOG was trading at $711, now it's down -37% since then Would you like to know some other stocks that have insider selling? How about CRM, SAPE, SNCR, GOOG and MORN. Short them as well. | ||
Comments (1)
Right on right on, bro. I was with you in mind and spirit when I read it in WSJ this morning. To illustrate how pathetic it was(Captain obvious to the rescue was the author of the article), I clicked on a link either in one of your blogs, another players blog, or possibly my own research a while ago (can't remember who to give the credit to) that linked to the MSN insider trading page showing all the selling from google. I laughed at the WSJ this morning. The only bad thing? I didn't update my limit orders and GOOG is now in my portfolio. Hmmmmmmmm.
--Jonathan
Posted by Jonathan Coyle | March 5, 2008 4:11 PM