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Is Google Really Going To Give Up China?

Monday, 15 Mar 2010 | 5:55 PM ET

With tensions between Google and China bubbling up like a pot of boiling water about to blow its lid, how should you trade?

It appears investors are taking profits in this stock as worries mount that the company will, in fact, pull out of China after a two-month standoff with Beijing over Internet censorship.

Many experts have doubted China's ruling Communist Party would ever compromise on censorship.

But, the latest developments take the crisis from doubt -- to something more.

A Financial Times report suggests talks have reached an impasse and Google is "99.9 percent" certain to shut its Chinese search engine.

A Google spokesperson said on Monday talks with Chinese authorities had not ended, but added that the company was adamant about not accepting self-censorship.

"We've been very clear that we are no longer going to self-censor our search results," the spokesperson said.

What’s the trade?

I’m a buyer on the pullback, says Citi analyst Mark Mahaney. It’s a negative development but there are many, many more off-setting positives.

Google Hit Big on China Withdraw Plans
Whether China's exit will not be a bit hit to Google in the short term, with Mark Mahaney, Citi analyst.



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Trader disclosure: On March 15, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (GOOG); Finerman's Firm And Finerman Own (JPM); Finemran's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BSX), (OSIP), (TGT), (WMT); Finerman's Firm Owns (KFT); Kelly Owns (AMZN) Calls; Kelly Owns (ELX) Calls; Seymour Owns (BX), (EEM), (FXI), (MSFT), (XOM), (AAPL), (BAC), (GE), (F); Jon Najarian Owns (FCX), Is Short (FCX) Calls; Jon Najarian Owns (MSFT), Is Short (MSFT) Calls; Jon Najarian Owns (TGT), Is Short (TGT) Calls; Jon Najarian Owns (WMT), Is Short (WMT) Calls; Jon Najarian Is Short (GOOG) Through Put Spreads; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (C), Is Short (C) Calls; Karabell Owns (FCX), (NKE), (GOOG), (FXI), (C); Nations Owns (MSFT), (SPY)

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Citigroup Global Markets Or Affiliate Received Compensation From (DG) In Past 12 Months
Citigroup Global Markets Is A Market Maker In (CVS), (M), (COST)
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