Google Inc. (NasdaqGS: GOOG) NEW Real-time: 261.12 Down 19.06 (6.80%) 3:59pm EThelp Last Trade: 259.56 Trade Time: 4:00PM ET Change: Down 20.62 (7.36%) Prev Close: 280.18 GOOG will be doing well to stay above 100 by years end. Ad dollars are drying up across the board.
keeps going higher..700 will be retested in a year or so. If you bought at 600 and still holding you will beat the market You already have.
Stock, we all know that are not the brightest, but if bought goog @ 600, you are down nearly 50%. How have you already beat the mkt? And who in their right mind (besides you) would hold a stock thats gotten cut in half? My Lord, you are functionally retarded.
The key to Google stock price rebounding is going to be the restoration of confidence among the average investor. People who are getting scared and pulling their money out now are largely undeducated investors who fear their for their retirement savings. Google is a hugely popular blue chip stock and there are many many peoples 401(k) plans that hold this stock, along with all the people who invest small amounts of their savings into names like Google. Fundamentally, the company is positioned to continue its growth for years to come, and once confidence is restored among the average investor, you will see the price rebound. I forecast GOOG to hit 500 by the end of '09.