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October 18, 2007

The big 3 internet Co.: Google, Ebay and Yahoo!

10-18-2007: Google (GOOG) reported another great quarter, beating analyst’s expectation by a wide margin ($3.91 per share versus the expected $3.78 per share).  This represents a 46% growth from a year ago. While 46% is nice, most people were expecting higher growth. Google share closed at $639 per share. Surprisingly, there is not much activity in the extended hours. Based on the after market activity, it likely GOOG will sell off tomorrow since the stock got a bit ahead of itself.

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Posted by ibooyah at 03:29 PM | | Comments (2)

Time to buy Countrywide Financial (CFC)

10-18-2007:  Bad news keeps coming for Countrywide Financial. Just when you thought the worse is over, the CEO is now in hot water over the sale of CFC stocks right before it tanked in August. The SEC is investigating the matter.  Stock is down another 4%. Whether guilty or not, this CEO will likely be push out in the next six months. We suspect the next obviously bad news is shareholder lawsuits, if there isn’t one already. Despite all these negative news, we actually see an opportunity worthy of consideration.

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Posted by ibooyah at 01:03 PM | | Comments (3)


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