Does One Need Any More Reasons To Stop Trusting This Company??

Yes, I am talking about my favorite short GOOG. As suggested a few days ago, I expected the stock to retest the $385-$400 resistance area before making its way down to the low $300s. What I didn't expect is for them to drop a bombshell like this on the market and make the whole "going down" process easier -- and all this happening just 2 days before an analyst day. Their CFO Reyes (who, by the way, is the namesake of a very good Spanish soccer player at Arsenal with a tendency for diving... hint... hint!) dropped the ball today announcing [in the middle of the trading day] that Google's growth is slowing, and that the company needs to find new sources for revenue. Whoever didn't know that already and was long the stock because they thought it was er.. "cheap".. must have lived in a cave for a while. Welcome back to Earth, mate. As this blog has long claimed, you will be hard-pressed to find a more obscure and arrogant company than GOOG (as far as its communication with the investment community is concerned), masking in false humility. Oh well... the market always "gets" those in the end.