And in the process helped market recoup some of the losses. It made a new closing low today. I think it's a matter of time before it goes below 300. Talk about conflict of interest, I am using the google blogger :)
The following is from the Oct 16th post:
"I said on Oct 8th that GOOG is flirting with disaster, it can go to 310 soon. Since I mentioned it, it visited 310 twice and bounced back from that level. It announced earnings after hours today. It traded up to 390 after the earnings announcement i.e. a jump of almost 50 after hours. The reason for this elation is that they were able to beat the lowered estimates by reducing the capex spending. This is why I say some suckers never learn. Let's see if they are right this time. I know history is not on their side."
It proved to be yet another trap by the smart money
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