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Google Inc. |
You know, I have taken Cramer's advice with a grain of salt, always
researching his suggestions, and sometimes I agree with him. When I
do, I buy the stock. Most of the time I don't agree with him, but
when I do, I figure it's a winner. I have done pretty well with this
philosophy.
But Google? You know, over the last 6 months, Cramer has been so
bullish on Google, he even said something along the lines of Google
being the 1 stock that you HAVE to be in. Then, they deliver earnings
on Jan. 31, and all of the sudden, Cramer comes out and says "Here we
have a decelerating growth story."
Okay, so my question is shouldn't a guy who has been in the market as
long as he has have known that growth was going to decelerate???
Obviously, consistent 90+ % growth is not sustainable by anyone. Yet,
he had people buying into Google like it was going to, I think his
last price target was $750, right?
Now I didn't lose $$ on Google, but I know a lot of people who did,
and I think this is a good example of when to/not to take advice from
anyone, even if they are an "expert" without considering all factors.