January 31, 2006

Google earnings - Ignore the noise - Think

At least there ARE earnings. The only news here is that if Google can drop 125 points in a week and they are making money hand over fist, why is Overstock.com even trading. Oh yeah, bargain hunters. Problem is for Overstock.com, the bargain hunters will prevent the company from ever making money.

Who knows what Google is worth, but any time the best growth company drops 25 percent it pays to watch closely and if you believe, start to nibble or sell puts.

If you are scared - don't watch CNBC for three days - it will pass. Like a bad gyro sandwich!

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