Google’s stock is diving, but who’s isn’t?
People are touting it as a sign of recession and a sign of an online marketing slowdown (since Google control the vast majority of online ad revenue).
What they aren’t talking about is how it jumped from $415 to almost $450 in 1 day. Since then it’s dropped around the $435 mark.
Hardly call for concern.
What would be concerning me more is that since November 2007 – when they were $750 a share, they have been falling A LOT faster then they climbed to get there.
Like I said before, $750 a share they were in November, 5 months ago, they are now $435 a share. Last time they were $435 a share was about November 2006! (Click the 5y view).
This is why I think Microsoft will outlive any other major player in the marketplace, for the last 5 years their stock price has been on average the same, around $27.
It’s jumped up high, it’s gone down low, but it doesn’t just completely crash and burn, they have lots of fingers in lots of pies in lots of different markets, lots of places to draw solid revenue from.
Meanwhile, everyone is throwing money into gold and oil, personally I’d be buying shares in MSFT or GOOG right now, get it while it’s cheap, it’ll go back up again.
Recessions hurt the poor and make the rich, richer.









March 19th, 2008 at 8:26 pm
Um, don’t quote me on this or anything, but didn’t Google split it’s stock? That being doubling the amount of stock they have to sell but keeping the price the same. So in all reality, their stock would be worth $870?
Maybe not.
March 19th, 2008 at 9:03 pm
There was talk of it, but it never happened that i know of…
http://www.news.com/Google-Wheres-the-stock-split/2100-1030_3-6020207.html
http://www.fool.com/investing/high-growth/2005/06/28/when-will-google-split.aspx
http://abcnews.go.com/Technology/WireStory?id=3163203&page=2