CHESSNOID

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Google below $300

Posted on Nov 12, 2008 by CHESSNOID in internet, stock market | 0 Comments


One of the sites I use everyday Google has had its stock finally break the floor of $300. It hit a new low today.  It is beyond the 50% drop from its high of $747 reached last year.

GOOG

293.58

-17.88 (-5.74%)

The rest of the market is down, too, and Paulson’s peek a boo appearance on TV saying he has changed his mind about how to spend the money on the Fraud Bailout.

Dow

8,423.95

-270.01

(-3.11%)

867.76

-31.19

(-3.47%)

1,521.56

-59.34

(-3.75%)

There is still a chance we may have a bounce in the last hour of trading. We seem to be oversold, but maybe that doesn’t matter to investors just simply cutting their losses.

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