GOOG trading down to 85?

Quote from SarahG:

Same price it's IPO opened at. I think it could be possible if the market keeps going down.
More...

I am a bear currently, but since when was the IPO price statictically significant?

If you look at real innovate market leaders, they dont tend to take hits like that. MSFT dropped by half for instance.

i dont undertansd the argument for goog going to 85
 
On my charts, under 400 actually looks probable.. In fact maybe even a spike towards 300.. But who knows. I have no position.
 
I don't think GOOG will go down to 85 anytime soon. I think 400 level offers extremely strong support if we get there. I expect some really volatile days in the next month or so like we had in May-July 2007 before the markets decide whether we resume uptrend or plunge for a really scary drop http://lauristonletter.blogspot.com/
 
You must log in or register to reply here.
Back
Top