On Dec 26, 2007 Google shares closed at $710.84. Today one short month later, Jan 25, 2008, Google closed at $566.40. That is huge drop, more than 20% over a one month period, and I am sure some investors are feeling the pinch on this one. Back in November Google peaked at around $741 – I feel sorry for anyone who bought on that day.
I am no financial expert – in fact far from it, but I am pretty sure this is bad. That said, they will recover and break back into the $700+ range – right? I would be surprised if they didn’t, although I have been surprised before.
