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VisualMod

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JohnnyFnCliche

Well, I just bought Google late Friday, which means it's sure to keep plummeting. Good luck, and fuck you.


Kanerpoo

When I saw this screenshot it instantly let me know the bottom is in.


lasttruepleb

Well I just bought back the $90 3/10 calls I sold 2 weeks ago so it'll probably fall a bit more


CantaloupeSweaty7091

You’d he a terrible investor then :) inverse Wall Street bets even though literally 5 inflationary reports were terrible, feds biggest inflation and most trustworthy inflation report came back bad and the tech sector is the most inflated so good luck


Kanerpoo

That would have been really good advice in January.


CantaloupeSweaty7091

The 5 reports are from 2 weeks ago to Friday so not really 😂but hey I suck too


harda_toenail

I bought at 100. Bought 100 shares. Going to let it ride


dbdank

Me too, gonna rebound even considering some calls tomorrow.


Correct-Fact

Google is the least of the overpriced tech. And they're a God damn money printing warship. Growth might not be massive, but they're a safe long term.


JohnnyFnCliche

I just want the relatively safe bet of easy profits from the most recent drop in price...I'm not holding them long term (though I suppose I could, since I bought in at $89)


Correct-Fact

I'm in a similar cost basis point. It's not my biggest position at all, but at sub-$100 it was hard to argue with.


netzure

I kind of disagree. ChatGPT/Bing is a threat to Google’s profitability. AI conversations/queries cost a lot more to deliver to an end user than a traditional search result. So even if Google doesn’t lose market share to Bing it is going to cost them double the money to delivering a result to the end user, this will eat into profit margins limiting their ability to deploy cash into new businesses. Worst case of Bing does eat into their market share we will see quite a big drop in profit and revenue, Google is not very well diversified. I would say out of the big 4 Google/Alphabet carries the highest risk.


Correct-Fact

The 2nd largest search engine in the world is YouTube. Google is fine.


netzure

Clearly you don’t understand what AI is going to do. Even if Google retains its market share its profit margins are going to be a lot lower due to the increased cost in delivery a result to the end user. Kodak and Nokia were fine until they weren’t right?


Correct-Fact

Let's say Bing does become the best place to search. Ok. I can accept that. Google is still: my phone OS (works in my car too), my 3 email accounts, my calendar, YouTube, and Google sheets/docs. Microsoft is: My PC OS. And 1 Hotmail account from middle school. The search wars are over. Google is a noun, google is a verb. ChatGPT is really cool, but is it really going to help me find the number to the pizza place down the street any better?


Realistic_Bread_4348

Plus it comes across as just a bit needy 🤣


Realistic_Bread_4348

Plus "Sydney" wants to kill us all. Clearly Not Ready.


Character_Amoeba6288

Yup that’s why I just keep buying. I’m looking 2 3 years out. Time in the market not timing. You know.


30turdy

I bought the ones left by you lol. 90 strike 17th March Exp. let’s goooo


2Bucs4U

Easy money


balkyb

I got some of those too. Regret not selling Thursday when they were up 20 a con


Tradetard_Len

Dito


Bodyfluids_dealer

Could you buy more tomorrow, I got Q’s puts.


TommyAsada

Yep you're welcome I loaded up some more google on Friday also, you're bound to win now!


Hefty-Scheme1954

I bought 23 calls on snap for Friday expiration


myne

Somehow I thought you bought them with food stamps


Borky87

Same shit happens to me, I buy, it plummets 😬


InevitableBagHolder

It will googl stock price is to high


Early-Answer531

Yea that's forward P/E of 17 is crazy, I always prefer some nice juicy TSLA with forward P/E of 50. Or a more traditional stock like AAPL with 25 P/E


InevitableBagHolder

Yea i mean if thats how you value stocks youll always lose money googl is worth like $60/share thats fair value.


Early-Answer531

Just their cash on hand worth more than 60$/share


InevitableBagHolder

Their cash on hand equals to $8.73/share stfu ![img](emote|t5_2th52|4271)


InevitableBagHolder

I see no one here knows basic math ![img](emote|t5_2th52|29093)


Dolo12345

you’re in a GOOGL bag holder thread what’d you use expect lol


stockrot

So what do you suggest in this environment? Seriously if you think fair value on Google is $60 I would love to hear your picks .Seriously I am always seeking another perspective Thanks


InevitableBagHolder

Seriously google was $50 a share before covid what has it done these last few years to be valued at over $100/share nothing in the company has changed except for the most recent AI development that is trash. Id love to hear your picks just cause the majority here doesnt think so doesnt mean it isnt true. No one thought btc would be where its at today but look at that ![img](emote|t5_2th52|4641) just a bunch of a sheep here. Googl will drop into the $60 by end of march !remindme 1m


ZET_unown_

Nothing changed, except that revenue and profits significantly increased lol Even after the disaster that is 2022, it is still much higher than pre-covid...


InevitableBagHolder

We can say that about any company thanks to inflation whats your point


ZET_unown_

lol changing your comment cause you fucked up your research.


ZET_unown_

https://www.nasdaq.com/market-activity/stocks/googl/financials Google's annual revenue in 2022 is 282.8 billion dollars, with profit after tax at 59.97 billion. The 69.09 billion you quoted is the QUARTERLY revenue for Q3 2022. In other words, your research doesn't mean jack shit and you definitely belong here.


Educational-Exam-139

Honestly looking like it could stop plummeting soon because of a retest of a support and it’s oversold


JohnnyFnCliche

Thanks for jinxing it, now it will plummet for sure...


Educational-Exam-139

You’re welcome and fuck you


FabulousResearcher33

83.20 is the end of the range. We still gonna plummet


Educational-Exam-139

Funny how that works


Tight-Repair-2150

Why would you do that?


luinutz

Buy Google calls dude


This_Lock_4310

Be careful these tech giants rebound hard. We all though fb and tesla would continue to fall and at the peak of their hate was really actually the best time to buy.


skol-man89

That’s the first time I ever decided to invest in Tesla as it started to plummet. Currently sitting on just under 60 shares at $145 average cost


GrumpyGiant

I bought my first Tesla in late March last year. Pretty sure that was its peak ($1089/share). Fortunately, I am poor and only bought 3 shares (now 9 cuz of split). Unfortunately, given my investing savvy, I will likely always be poor.


Careless-Pin-2852

82!!! You think google in 70s will be a thing? Damm


satireplusplus

that would be 1400 pre split


InevitableBagHolder

You dont think it will ![img](emote|t5_2th52|4641)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)


Careless-Pin-2852

I guess FB had a big one day 20% drop then dropped 20% again. But Google is not FB.


InevitableBagHolder

Googl is overvalued imo ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)


fkoydgap

I say its 50:50 itll be in the 70s or even 60s sometime between june and September


Simple-Conference270

Is there a new business behind the wendy dumpster that allows you to think like this?


[deleted]

Naah maybe he get insider infos. And come here to flex


Murky-Plant-2376

yes the insider with insider info worth billions has decided to risk all of it by flexing to anonymous redditors on wsb and leaving a paper trail, this is normal and makes sense and is not a braindead thought created by a mentally unstable 14 year old permanent conspiracy theorist


Slave_to_the_bets

Speaking of mentally unstable…


[deleted]

Yes


UsefulNet2164

If google hits anywhere near 70 I will mortgage my house and take out all the loans I can and buy it


FunCranberry112122

And when it actually hits 70 you will chicken out![img](emote|t5_2th52|4271)


Paradoxdoxoxx

No, he will just change the number to 40


Tiny_Duck2124

Lol true regard


velvetstigma

Thats me when I told myself I'll buy tesla when it hit 105 LOL


FalconGhost

GOOGLE AT 60? Buying opportunity of a lifetime but won’t happen


Southern-Situation30

Why he get downvotes so much? I mean it did close at $89 so what’s $10 more to reach $70s


UsefulNet2164

Youre brave


Odd_Perception_283

Well my theory is the opposite of yours and we all know how well that’s working out. I’m still going to buy some more calls since I can cut my average in half. I just can’t believe a stupid AI fuck up among plenty of AI fuckups should of had this large of an impact. I guess we shall see. Mine expire in a month.


robbinhood69

The ai fuck up is classic narrative following price Thats not why it sold so hard IMO. Someone big needed to sell and took advantage of volume to do so


Odd_Perception_283

That’s an interesting take. Price is the all knowing god and it seems more likely I would project my bias onto it than it projecting bias into me. Any thoughts on what other reasons could have caused it?


Odd_Perception_283

Does the huge volume give them cover? From the HFT types trying to front run them? Is that what you are saying?


robbinhood69

it's not about "cover" look if r prime broker and ur client says "hey i wanna offload 1 billion of stocks" u plug it into ur algo okay and what ur algo does is it sells only 1 unit per 100 units traded in last 2 minutes or whatever and oh my god when volume comes inf rom an event, u are all of a sudden selling a decent amount, and OTHER algos figure out there is a whale offloading and then they all run away from price none of this had anything to do with presentation other than presentation is when volume came in for txns to happen


Odd_Perception_283

This makes a lot of sense. So when you say the other algos run away it’s because their actions help determine price. By running away it would make sense that would bid the price up for the whale trying to buy or down for the whale trying to sell. So it was just pure coincidence and someone saw an opportunity and took it and then it sort of snowballed from there? It’s hard for me to accept that. But you pointed out exactly how I formed my belief and now that makes me question it. This shit is so complicated and there is so much I don’t fully understand I’m open to it.


2Bucs4U

Did you also forget economic impact on stocks? Lol its not all from AI error


Odd_Perception_283

I get what you’re saying. Maybe I am too confident in what Google is capable of. I have been expecting them to put out something to show people what happened should be expected from language models. It’s not an exact science yet if it ever will be. Competitors aren’t going to put Google out of business based on publicity stunts like bing incorporating a language model into their search engine. I think the reality is Google is light years ahead of openAI but they’ve been using that power to optimize compute and many other backend things. Things that may not be a spectacle to the public but save millions if not billions of dollars due to optimization. I may end up wrong. It just seems like a huge overreaction to me. I have a month to let it ride so we’ll see. To your point.. my thesis is that the huge drop in googl was due to the bard mishap and not the “economic impact” as you believe. It may have been heading lower anyway because of that but I believe the drop was an overreaction separate from the FED and inflation news. Or I’ll lose my money.


NekoRyuk

I think the main reason google is down is because even if they do release a well developed A.I, Microsoft already has one that is available to the public. This gives Microsoft a chance to steal some of Google's market share in search, even it they only are able to steal 5% of market share of search it will hurt Google's bottom line .


Odd_Perception_283

Microsoft has its ways of stealing market share from all types of companies but I think it’s going much harder than it usually is for them because Google is an insane money printing juggernaut. However I could be putting too much weight into who they are. Maybe Google isn’t up to the challenge and will simply roll over and die. It’s weird they have been working on AI for years and they couldn’t figure out a cool public facing way to show it off? That’s strange. Maybe they have lost their genius. I highly doubt it. But anything is possible these days.


MarcioSutter

I have $96 strike expiring March 31 and $110 expiring September … gonna load more for end of April beginning of May to catch the next earnings


terrybmw335

I'm selling out of the money google puts. May drop more but long term it's going to recover.


jr1tn

Probably you can just sell at the money at this point


UnwelcomedTruth

Same. Also playing the theta gang…plus I’d love to own GOOG bags at such a steep discount.


AdmirablePrint7009

Why not just buy a call option? Curious what’s the best theta?


terrybmw335

I have a few also, but selling puts I win if it trades flat.


AdmirablePrint7009

How far out? Which week?


thicc_ass_ghoul

You shouldn’t be trading


Dawgareyouserious

Lmao


volepotsirh

highly regarded, so oversold on all timefrimes, you better cover first thing Monday or well see you at Wendys dumpster soon


ZET_unown_

You will definitely see him at Wendy's dumpster, no questions about it.


Unknownirish

Well I do use a Google pixel 7 pro so you're welcome


another_gen_weaker

How do you like that phone? T-mob has a deal on them right now and I'm thinking of switching carriers to get the phone for like 99 bucks. ..


Unknownirish

It's decent. Google still has a lot to learn for phone development. The battery died overheat while charging it's weird. Is my only complaint


floppysausage16

Depends on how you use it. The camera they put on their phones is the best imo but other than that it's just a slightly above average phone. Nothing special but not a dud by any means.


another_gen_weaker

Thanks everyone! I've surprisingly been surviving off the last working Pixel 3a in existence and I'm looking forward to catching up with 2021 technology. Right in that sweet spot of being just good enough to still do most of the tricks. A bronze medal still gets you on the podium!


missing_alcohol

Pretty good.


vimspate

I think most likely you will hold it until it will be worthless


Grimbruiser

This is the way


gsalvy

Google puts now!? No way. The price hasn’t moved in a few weeks and they already laid people off. This is not put territory . I mean you can scalp on dailies but anything longer than a day hold se seems risky


stockrot

The WSB way 😝watched a guy buy 77k of ODTE TSLA calls 202.50 that expired Friday the whole thread begged him to sell at the open the night before . At the open he was up apx 35 k at 4:30 wiped out worthless


30turdy

Has anyone checked on that guy? I spent most of my Friday watching TSLA just for that degen.


fkoydgap

We‘ll see! Its down 14% from higher levels in February already


TechnicianNo5046

That's not a good thing. ![img](emote|t5_2th52|4271)


colbysnumberonefan

I mean that’s bad news if your bet is reliant on it going down even more lol


h1g440rs3

The fact that everyone is shitting on you makes me think it will go lower


AvengedFADE

Or it trades sideways and everyone looses. Except those with short straddles. Always inverse this sub.


Glittering-Read5118

That’s dumb. You should have shorted when it was at 110 not now


Specific_Yoghurt4672

We good to place our calls now😭😂


PinThatInTeParkinLot

Lolol


S-U_2

Gonna cash out or keep it on the market longer?


fkoydgap

propably until july


CraWLee

😂


TheDudeAbidesFarOut

Nice...let's eat


missing_alcohol

I will keep buying shares as it goes down.


MaterialGuy007

GOOG to hit $92 to $94 Monday - Friday oversold for what a 0.01 PCE increase read - that's in error range. No one cares about Sept 15 - too far away - Zero Day options keeping Wall street up - causing other side of trade to keep buying when markets open......


ZET_unown_

I am jacked to the tits in google calls, so I certainly hope you are right, but 92 - 94 on monday seems overly optimistic.


kamilski

I too loaded up on some calls on Friday. Hoping for a quick swing trade. Seems WAYYYY too oversold


Worried-Ingenuity409

This play reminds me of when Nvidia dropped only to fly back up


pyrooomaniac

So we go calls?


doooshness

Fuck your puts


MarcioSutter

!remindme 5 days


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ProctorWhiplash

Careful — Google buys an insane amount of its own stock back every year, and they seem to announce a dramatic increase every year around March-April timeframe.


stockrot

We will look back at Google in the 80,s and say I missed it . 17 PE forward looking cheap for high Beta cash rich stock . In this market it is all about the Benjamin s in the bank


DrinknBlaze

![img](emote|t5_2th52|4271)


LorD1109

Sep? This guy aint got balls


crptonite

Not financial advice, but shorting a beaten down stock is statistically a bad bet


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Fukitol_shareholder

ChatGTP follow the millennial truth: if you fart 2 times the same smell, the second it’s not a surprise. This means that the one pony trick ChatGTP equivalent in Google will have more impact than ChatGTP.


Hankt1st

Humm whats the chart look like 3yrs ago before the scamdemic


[deleted]

[удалено]


stockrot

Right after the Bard fuck up Microsoft had there own issues AI is an imperfect science still in its infancy. The market is trading on 5 word headline’s not fundamental s


the-Salted-Crustaion

🗿


Rameist2

Take profits and let it reverse course for my calls 😅


Late_District6362

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fkoydgap

$GOOGL PUT 80$ sep 15 Chatgpt will show a new era of web usage and human-internet interaction is about to begin. Its not certain that google will lead this era. This is why I believe google will go down.


Rootilytoot

Ok so you're the same kind of lunatic who thought tesla self driving was going to be here 6 years ago


fkoydgap

Lol, even though it still isnt here, I still hold a few stocks I bought for 200$ pre split so around 14$ split adjusted.


vacityrocker

Loaded up on Google at the recent drop will add more as current puts are doing well and profits from those will make for more shares to be added - currently selling covered calls


Juice_Wigalow

We aren’t even to the precipice yet boys


icecoldgrapes

I like that’s there’s some time til expiration, unlike the 0 dtes that I see so often


UnwelcomedTruth

I sold 9 PUT’s at a strike of 84 with a March 17th exp. Counting on new lows huh? There’s a chance I’ll be exercised, but wouldn’t at all mind owning all those shares at that price.


NineAsiansAtSubway

Bro is GOOGL going to 70?


Early-Answer531

Yea after they go to 700 and 1:10 split


NineAsiansAtSubway

You mean 10:1


Early-Answer531

ah yea even though I would prefer a 1:10, seems much cooler


NineAsiansAtSubway

Lmao. In all seriousness, think the stock is almost oversold


Early-Answer531

I agree bard is not that bad


Dosmastrify1

Sell half on the double


taiwansteez

This is the way


STUNNA_09

You got stops set I hope?


RIJSA

Sell now


Late_District6362

![img](emote|t5_2th52|18630)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|18630)![img](emote|t5_2th52|18630)![img](emote|t5_2th52|18630)![img](emote|t5_2th52|18630)![img](emote|t5_2th52|18630)![img](emote|t5_2th52|18630)


treeguy201

Good luck and fuck you. I am selling my puts


Far_Connection1280

I can’t wait till these go to zero in a week 🙏🙏🙏🙏


letmeinmannnnn

I got june calls


MarcioSutter

Me too ![img](emote|t5_2th52|4258)


Tc0008

great timing. i have been adding underlying since last friday.


FabulousResearcher33

The stock market is gonna crash


manuvns

Will sell puts when it drops to 82$


FabulousResearcher33

83.20 is the next fib level. Nfa


the_real_RZT

Buying shares long term one account and puts in another 🦄


Infamous_War554

Markets goin to bounce then down to Oct. Lows


Ballentine17

Make sure to take profits along the way! ![img](emote|t5_2th52|4267)


Emilio408

What am I looking at?


raykelcey

Started a while ago


scwelch

Why so long expiration?


Monekyking

Smh


cvera8

The bottom is in


Tight-Repair-2150

On a Sunday?? Lmao weird flex bro


oklastfuckingtime

128 average.. guess I'm very long-term now


PaganRob

So seeing this post you're saying calls will print


ookas_pookas

!remindme 201 days


Bmwcrackhead

Is google on the way up or down? To my basic knowledge. I would say down. Idk though


Grimbruiser

Good luck bud, I hope you make retirement levels of money.


BrownWolf999

You should probably sell now as there will be bounce back soon to 92-93 and it will plummet after that when it agin breaks 90


throwaway1177171728

You're buying what I'm selling :)


jiantoi

That's a long expiry date


luinutz

Buy April 125 Calls. Chatgpt will rob a bank your 200 googl calls will be a mint. ![img](emote|t5_2th52|4263)


luinutz

Someone deleted my comment


chimneyman86

I think folks that have to actually deal with Google like business owners who have listings and ads are Leary of Google right now and are more in the puts category. Their customer service on issues with listings or ads has fell off horribly. They are truly monopolizing advertisement as well and currently going through a law suit over it. I'd stay in the puts fellas.


Lurking_In_A_Cape

Always sell while you can. One speck of good knows sends tech higher.


Wulf_Saxon

I have calls going long, good luck


amski89

Everyone saying it’s going to drop more and to buy puts. Probably should get some calls now. What if all the real people on here banded together and started doing the opposite of what the OP says? That might work?


Less-Paper2986

How dem puts tasting?


fkoydgap

Hmmmmm! Tastes pretty good 🍗