Webometric Thoughts

March 11, 2008

Google shares about to fall below $400

Filed under: Google,share price — admin @ 8:19 am

The Google share price is now the lowest it has been since October 2006, with some analysts predicting that it has another 20% to go! In the same way no-one knew how quickly the price would rise, no-one has a clue about how far it would fall. Even my own, rather negative, opinion now seems extremely optimistic.Today is likely to see the price fall below $400, and all this before the impact of a Microsoft buyout of Yahoo and a downturn in the US economy has yet to hit.

Whilst I find it hard to believe the price will fall much lower than $300 nothing would shock me now, I am just pleased that Google is losing a bit of its shine and look forward to their having a rocky ride in the future.

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