GOOG Price Dropping in afterhours trading
Although profit doubled in q4, they still missed their projected earnings by a large margin. Maybe now the share price will start to reflect actual worth of the company, instead of VC wet dreams…
There is a good discussion going on over at Digg, where Anon writes:
I’m trademarking the term “Google Bubble” right now. Maybe Wall Street is finally seeing that the only thing they’ve done is a sparce set of average (or less) quality releases. I can’t believe this didn’t happen sooner, like when they unveiled the amazing “Google Pack” lol
Another digg’er is making some money short selling the stock:
I shorted this at $439 earlier today, before the earnings. Shorted right into that nice runup we saw before Greenspan spoke. I would be VERY careful about buying this in the morning. Although there is a chance this stock will rebound some, this is a “dead cat bounce” as we call it. There is a lot more to come off the share price, and I am not convering my short at this point. I love this company, but their market valuation is way out of whack.
This entry was posted on Tuesday, January 31st, 2006 at 3:33 pm and is tagged with dead cat bounce, google pack, quality releases, wet dreams, sparce, runup, digg, market valuation, google, share price, whack, greenspan, wall street, earnings, stock, money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback.
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3/9/2006 at 5:36 pm
[...] It was my original hypothesis that GOOG stock would have a certain elastic rebound from the $370 low in ...