Google shares drop, biggest fall in year

Become a member of the CGSociety

Connect, Share, and Learn with our Large Growing CG Art Community. It's Free!

Thread Tools Display Modes
  11 November 2005
Google shares drop, biggest fall in year

" Shares in Web-search leader Google Inc. slid 4.7 percent on Tuesday, their biggest decline in a year, on concern that the outlook for holiday sales may not be as strong as investors had hoped. Expectations that U.S. retail sales activity following the Thanksgiving holiday may not be as strong as some analysts had predicted knocked Google down $19.94 to $403.54 in brisk turnover of 21.4 million.

Shares in Google, which makes money by selling online advertising and referring shoppers to sites of retailers, had gained almost 40 percent in two months on expectations that a strong holiday season would lead a surge in revenue."
:Daily Sketch Forum:HCR Modeling
This message does not reflect the opinions of the US Government

  11 November 2005
No surprise, and it'll only take it harder.
Drop by for free arrogant post-modernism (and games):

Written words:
  11 November 2005
Damn speculators.


  11 November 2005
Waaaaaay overvalued. Reminds me a bit of Nortel...

Mike Rhone
-VFX Artist-

Dust Rig - tutorial for Maya

Tonga the Fox - Free cartoony rig for Maya!
  11 November 2005
Biggest fall in a year perhaps, but don't forget it gained 7-8 percent over the last 2-3 weeks. this is just a market correction since there has been no major news during that period.

It's just the profit takers cashing out, There hasn't been any major institutional sell off today which would trigger a more dramatic drop. I got a stop less set for my position on google in case it drops too much. Worse case I'll dump my position and load up on GOOG again when it reaches a lower price point.

Its overvalued to a degree, put it should come back to around the 360-380 mark and continue to make slow steady gains over time as long as they hit their quartery forecasts.

That being said GOOG will probably drop very significantly in mid 06 until the next christmas rush, unless they keep hitting their forecasts.

Last edited by kurtw : 11 November 2005 at 07:08 AM.
  11 November 2005
Thread automatically closed

This thread has been automatically closed as it remained inactive for 12 months. If you wish to continue the discussion, please create a new thread in the appropriate forum.
CGTalk Policy/Legalities
Note that as CGTalk Members, you agree to the terms and conditions of using this website.
Thread Closed share thread

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Society of Digital Artists

Powered by vBulletin
Copyright 2000 - 2006,
Jelsoft Enterprises Ltd.
Minimize Ads
Forum Jump

All times are GMT. The time now is 07:00 AM.

Powered by vBulletin
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.