Google disappoints on earnings, Tiger Global waiting with $240 mm in puts
Was Google's valuation really getting that out of hand and did lots of other people see the earnings miss? Or are the Tiger Global guys just that good - I feel like before yesterday anyone else would have seen their put position (nearly 3.7% of their portfolio according to the last 13-F) and seen that as pretty risky.
Or maybe it was something else? I notice a lot of Tiger cubs tend to run very similar positions - anyone else notice if the others had similiar short positions on GOOG also?
insiiiiiiiiiiiiiiiiiiiiiders.
Tiger's that good
insiiiiiiiiiiiiiiiiiiiiiders.
I can personally vouch that some Tiger cubs do indeed have these short positions.
It's no surprise that they talk among themselves.
So they caught a 2% decline? Depending on when they initiated the position, they could still be down quite a bit on it. If P/E valuations (ie., future growth) drive the stock price, then earnings per se may not necessarily be the driver of the stock's price.
Yea seriously, GOOG finished down 1.5%... $15 on a $900 stock.
Now had they caught Ebay's move after earnings than that would've been impressive.
They do a lot of data mining I think on the advertisers that drive top-line (saw this in a Coatue presentation once) - and CPCs have been declining for many consecutive quarters so they probably saw a miss coming
Ea suscipit quis animi dolores. Beatae est fuga autem ut vitae sed perspiciatis. Quo molestiae aut eum amet ut tempore consequatur. Et esse aut et magnam autem est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...