Google Shares Plummet

[Seraphim]

Google falls 8 percent on ad fears.

Reuters

 

[PRED]

 

[domain newbie]

i would buy now- it cant go any lower ~ will be back to $700 this year

http://finance.google.com/finance?q=goog

 

[Seraphim]

A GOOG Shareholder:

WTF, I just lost $42 million, and all I get is an automated email stating Wall Street is testing a new "smart pricing" algorithm?

 

[Poker]

it cant go any lower

Oh yes it can, but only time will tell. The charts are very bearish, but the macro market could give it some juice short term. I wouldn't buy it here.

Shameless plug...gave it as a short to my newsletter subscribers last night

GOOG short @457.00, covered @ 449.00 + $8.00 per share in less than 1 day.

 

[Asperger]

WOW, Mkt Cap: 146.97 Billion :O
No way it'll ever hit 700 again though in this market climate.
Does anyone know what the original GOOG PO price was???

 

[Theo]

WOW, Mkt Cap: 146.97 Billion :O
No way it'll ever hit 700 again though in this market climate.
Does anyone know what the original GOOG PO price was???

It was around $125 if I remember correctly.

 

[Asperger]

It was around $125 if I remember correctly.

Cheers!

Were quite expensive when they PO'd then - I could'nt afford 1 share then, and certainly can't afford 1 share now! haha.

 

[draggar]

$85 a share, i think it closed that day around $125...

http://en.wikipedia.org/wiki/GOOG

 

[Theo]

WOW, Mkt Cap: 146.97 Billion :O
No way it'll ever hit 700 again though in this market climate.
Does anyone know what the original GOOG PO price was???

Quoting CNN Money:

Google's stock opened at $100.01 after the company priced the shares at $85 each, the low end of the revised $85 to $95 range and far short of the original filing range of $108 to $135. The company also cut the number of shares offered to 19.6 million from 25.7 million. The stock hit $113.48 in early trading and recently fetched $111.80.

 

[Seraphim]

Google's pursuit of profits seems to have completely wedged innovation out of the picture. I hope for the sake of search diversity, they continue straight ahead.

 

[Poker]

i would buy now- it cant go any lower ~ will be back to $700 this year

Oh yes it can, but only time will tell. The charts are very bearish, but the macro market could give it some juice short term. I wouldn't buy it here.

Shameless plug...gave it as a short to my newsletter subscribers last night

GOOG short @457.00, covered @ 449.00 + $8.00 per share in less than 1 day.

See what I mean...Google shares made a new low today breaking $436 but it is getting very extended to the downside and should correct to the upside shorter term (before probably heading lower). We are in a bear market folks, do not listen to blabering bald idiots on TV that are much better at marketing thier cable show than picking stocks

 

[Focus]

Large shareholders must be kicking themselves for not selling at $700/share! doh!

 

[Poker]

Yeah, the sell signal really was the close below the 50 day MA ($671 on 12/17) even though it bounced up to 716 from there.

671-445 = 226 (33%)

What a lot of people don't realize is that 33% loss actually requires a gain of 50% just to get back to breakeven.