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Respected Fund Manager Backs Away From Google

Jerry Jordan sold all Google shares

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With any luck, Thanksgiving and the long weekend have put you in a good mood.  Perhaps the always-insane Black Friday crowds have given you some confidence in the American economy, too.  But if you’re thinking of putting more money into the stock market, it may interest you to know that the manager of a first-rate mutual fund has parted ways with Google.

Google’s one-month, six-month, and one-year gains are, respectively, 5.71 percent, 48.74 percent, and 107.51 percent.  Which isn’t at all bad, of course.  But those figures might represent the source of a problem, according to Jerry Jordan.

"Jerry Jordan . . . says he’s sold all his holdings of Apple and Google because their stock prices had gotten too expensive," Aaron Pressman recently reported.  Jordan’s looking at smallish Chinese companies instead.

The Jordan Opportunity Fund has a long history of outperforming the rest of the stock market, so he could be onto something.  And even if he isn’t, a significant number of other investors might follow his lead, selling their stakes in Google.

Jordan might wind up looking at Google again in the future, though.  He told Pressman, "We’re believers that nothing goes up in a straight line.  Things get oversold.  Things get overbought.  We may take some money off the table."

It’ll be interesting to see how this plays out.

Respected Fund Manager Backs Away From Google
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  • http://www.webpronews.com/topnews/2009/11/25/respected-fund-manager-backs-away-from-google Guest

    A first-rate mutual fund has parted ways with Google and is looking at smallish Chinese companies instead. Translation: BIG to small. = Less to lose = defensive positioning….hmmm, I wonder if its not too late to change my foreign language elective choice to learning Chinese?

  • http://www.laokay.com Adsense Publisher

    Maybe he read about how publishers daily are posting on Google’s Adsense help forum how Google isn’t paying them on time?

    It kinda makes you wonder how Wall Street praises Google, and everybody thinks it’s such a solid company, and yet they are having publisher payment issues?

    That’s like if you were working for Warren Buffet and he told you next week he wasn’t going to be able to make payroll on time.

    How does Google go from a solid multi-billion dollar company with at least a billion dollars of positive cash flow every month, to not paying some of their publishers on time? Not just maybe one round of payments, but several at times.

    I mean the obvious answer is software glitches, but that’s mostly what Google does is software.

    So why can’t they fix their issues once and for all? Why day after day, month after month, year after year do I read so many publishers posting on the Adsense Help Forum about payment issues that are not publisher’s faults (yes there are some that are).

    Now Google wants us all to trust their Google Payment system? The same system that’s tied into Google Accounts, which has been blamed by many users for the newest round of glitches in most of their software?

    Problems with Google Sites (Migration glitches? Lost data?)

    Problems with auto-login for Google Adsense (Enter your password again? But I just signed in 10 minutes ago?)

    I mean I could go on with the glitch reports, but just ask anybody you know that uses Google software and they’ll tell you it’s no better than Microsoft, except it’s free.

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