Google down another 21 points in an up market, hmmm…

Posted on Feb 25, 2008 by CHESSNOID in Uncategorized | 2 Comments

I noticed that Google stock closed down 21.36 points 486.44 and dropped another 2.44 in after hours trading. I didn’t read any significant news affecting its financials like an earning report or a major advertiser dropping it. In an up market, I would expect to see it follow the broad index. Something seems off. All the recent news actually seems positive:

Google named highest regarded brand in UK

UPDATE: Google Is Winner In Microsoft-Yahoo Stalemate: Analysts

Group with Google building Pacific cable

Google tops January search rankings with 56.9% share – Nielsen Online

Google Outlines The Secret To Its Success

In fact, Google’s stock price looks super cheap compared to what it was just selling for recently (52 week high of $747.24). When I see a stock of this size make a weird downward move without any significant story, I suspect something is up that only certain people are privy too. Let’s see what happens in the coming days. This is very strange indeed.

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rsinay, February 26, 2008:

There is nothing to this stock price move except over reaction. Google is a strong and vibrant company with a great deal to come. If I had more money, I would buy more of this stock as soon as I could get it. All of this is just a lot of empty noise and over reaction to a few “click” problems. This will be a very sought after stock before these guys get done with it.
riri, August 9, 2008:

Google could (in theory) change its stock price by manipulating search results on topics relevant to it…