posted
Google made a colossal blunder by sticking it to the U.S. in its attempt to track pedophiles and then cozying up to the communist Chinese government in its attempt to track people who dare exercise free expression. Left a bad taste in people's mouths.
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quote:Originally posted by ladybird: Google made a colossal blunder by sticking it to the U.S. in its attempt to track pedophiles and then cozying up to the communist Chinese government in its attempt to track people who dare exercise free expression. Left a bad taste in people's mouths.
---------------------------------------------- Along with Fundamentals, this is really a mess, Ladybird....I agree with ya.
It hit $343.22
I won't even bother watching Cramer 'splain this one.
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quote:Originally posted by Dustoff101: Damn, Cramer is an idiot! What happened to $500.00 plus?
Anybody Remember when the lunitic said" got to own MSFT. GOOG.
Actually, he revised his target last year to $450 -- and it came pretty close to that afterwards. He also stated on his radio show that at that price, he preferred Yahoo, not Google, for a buy.
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quote:Originally posted by Dustoff101: Phoenix. I heard he is below 50% now on his picks and getting worse...
Brokers hate him..LOL
His Refco and Google mistakes, ain't good.
Don't forget SIRI the there was a HUGE Screw up with someone at earnings time think it was tex inst. he recommended, next day they announced missing target and they tanked.
he apologized and for weeks everytime you saw his face there was a disclaimer.
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Look, if you listen to Cramer, his picks usually take off the next day because of hype. I have never tried this, but what about shorting his picks after the surge? I was going to try it when he picked SKS a few weeks ago. It was trading at mid to upper $17.00 range and the next day, saw $19.50 and then dropped back to the mid $18.00 range. Just a thought.
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If i was posting on a penny stck board... i don't think i would be that critical of a man who has become a multi millionaire from trading. Plus you have no one to compare his picks to. Lots of brokers are wrong and they reach more people with their up/down grades. If Cramer did have crystal balls , we'd all be rich .... Plus what in the world does the VP having a hunting accident have to do with the market, thats a reach even for here.
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Hey, just a heads up fellas. There's a congressman who is trying to pass some new legislation right now concerning U.S. internet business in China. I saw a blurb on Business Week last night. Google was held up as an example of kowtowing to censorship in China. For example, if people there try to google Tiananman Square, they come up with an error message. Google keeps this up, they can flush their profits down the toilet right along with their good name.
By the way, Cramer stood by Google when questioned about it on his show last night. I happen to like Cramer, but I don't like his position on this.
Google, Yahoo, and Microsoft say they face a stark choice: Conform to Beijing's edicts or quit the market. The truth is much more complicated
A Congressional human-rights panel could prove a hostile audience for U.S. Internet companies on Feb. 15, as they explain their reasons for complying with China's demands to censor information and hand over user data. Execs at these companies, which include Google (GOOG), Yahoo! (YHOO), and Microsoft (MSFT), will likely respond to criticisms much as they have in recent weeks and months: by painting their China conundrum in the starkest black-and-white terms. They must toe the party line of the repressive regime, say the companies, or be banished -- robbing the Chinese people of the rich array of Internet services that they provide.
Trouble is, this is a vastly oversimplified argument, shielding the much more subtle and debatable tradeoffs being made by these companies. In the end, the experience and interests of Internet users, which all of these companies claim to hold paramount, may be taking a back seat to smooth and unfettered access to China's booming Internet market -- already the second biggest in the world.
A CAREFUL BALANCE. "[U.S. Internet] companies are bending over too much to please Chinese authorities and to gain an advantage," says Xiao Qiang, professor of journalism at University of California at Berkeley and director of the China Internet Project, a program that explores the impact of digital communications in China.
Few are advocating that U.S. Internet companies turn their backs on China. By offering everything from Internet searches to e-mail and blogs, these companies are contributing to an increased flow of information and communication, which even critics admit could have a positive effect on China's society. Moreover, these are for-profit corporations that have an obligation to pursue China's huge and expanding market, with its population of 110 million Internet users growing at 18% a year.
But these companies need to strike a much more careful balance between tapping Chinese profits and looking out for their users' need for open and unbiased information. Often, it comes down to nitty-gritty issues such as the location of a server. Placing a server inside China's borders can mean speedier performance for users there, but it also puts that server within easy reach of China's government. Companies have an obligation to be straightforward with their users about the risks involved.
The Internet bigwigs, however, have tended to avoid this level of disclosure, preferring to tell their side of the story in broad, simplistic, and somewhat misleading terms. Take Google, which opted in January to move its operations into China and adhere to government requirements that it censor its search results there.
FOREIGN DOMAIN. Google CEO Eric Schmidt, speaking at the World Economic Forum in Davos last month, defended Google's decision and explained that executives had performed an "evil scale" to help reach its decision. "We concluded that although we weren't wild about the restrictions, it was even worse to not try to serve those users at all," Schmidt told the audience.
Google, however, was already serving China's market -- and, arguably, doing so quite competently. For years, Google has offered a Chinese-language search site, powered by computers based outside of the country and not censored for users inside of China. This service had become very popular inside China, garnering 33% of the market and trailing only local competitor Baidu.com (BIDU), according to an August report by China Internet Network Information Center. Moreover, despite the latency caused by housing its servers in a different country, Google's uncensored search site performed better than all of its rivals inside China, including Baidu, according to a January study from Keynote Systems.
Sure, people accessing this Google site from inside China would still have difficulty reading up on taboo topics, such as Falun Gong, Tibetan independence, or the Tiananmen Square massacre. All of the search results would show up, including links to pages that embrace views unpopular with the Chinese government. But banned sites return an error message when clicked, since they're blocked inside China.
DODGING THE ISSUES. Still, users of Google's uncensored site could at least glimpse the variety of content that exists on sensitive topics -- something Google's new China site won't allow. "The real problem is not knowing what you don't know," says Tim Wu, professor of law at Columbia University and co-author of the forthcoming book Who Controls the Internet?
So Google's efforts to paint this as a choice between ignoring the people of China or adhering to local law are off the mark. A more accurate discussion would revolve around degrees of speed and service vs. the free flow of information -- or perhaps around where Google would have a greater chance of enticing Chinese advertisers: inside or outside of the country.
Still, Google deserves some credit. It clearly thought through the issues and ramifications of running an Internet operation from inside China. It has pushed the envelope slightly by putting a disclosure at the bottom of search pages where results have been removed. And the company's well-founded misgivings about retaining user information inside China sparked its decision to refrain from housing its e-mail or blog services there.
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Refco Investors Feel Burned, But Aren't Alone By Jonathan Stempel
NEW YORK (Reuters) - Refco Inc. investors who weren't wise in advance to the apparent fraud at the company can take heart, however faint, that they weren't alone.
"To think that an outsider can (detect fraud) when there is a concerted effort by management to hide it, if they're good at covering their tracks, is (unrealistic)," said Tanya Azarchs, a Standard & Poor's financial services analyst and one of several participants at the Reuters Finance Summit to discuss Refco.
Fewer than six weeks after it began to unravel, Refco looks like 2005's Enron or WorldCom, on a smaller scale, amid accusations that the broker's balance sheet was inflated, fooling investors and credit rating agencies into thinking the company was sound
Cramer follows many many stocks, most stock pickers who go on tv only follow sectors. Cramer isn't superman and can't detect fraud that no one else can. His show doesn't guarantee every one of his picks will be right and you have to be naive to think they would be. As far as the wealth of the people here... How many have charitable trusts?
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It's the analyst's fault that the stock dropped in the first place. They pumped it saying it would do really good and it did better so it inflated and then when they overestimated people became discouraged and bailed out. Google isn't doing bad at all. It's still an awesome company but the moods of blind people won't change from mere numbers. They want to hear "Google does something amazing!"
It's a good time to short I think especially because many others are bailing out and shorting as well. And the more people do that, the more it goes down. And there will be a lot of bounces as other people see this as an opprtunity to get in before it blasts back up. But they need something good to get the momentum back.
-------------------- This is some pretty gay Mc. Bestiality.
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