Google Tumbles to 52-week Low

[johname]

http://biz.yahoo.com/rb/080304/google_stock.html

"Google Stock trading below a 52-week low for the first time since its IPO

Google reported $16.6 billion in 2007 revenue, virtually all of it from online advertising sales generated under Sandberg's leadership.

The stock move bookmarks the latest chapter in a sharp reversal of fortune for Google and its shareholders since the stock hit a record high early last November.

Just four months ago, Google had a stock-market value exceeding $232 billion and a share price approaching $750 after more than three years of unchecked gains. Its market capitalization has sunk to $139 billion at Tuesday prices. "

 

[mmbullseye]

I think they were overpriced. It's just a correction, which I personally think should go even lower.

 

[christian_1983]

I hate to say i told you so but...i really did in another post that i can't find on here. Googs a great company but the stock didn't reflect that the stock basically became the gold rush for online ad investors.