A Giant has Fallen
The Environment | (2)
Google, the defining stock of a second Internet bubble has officially collapsed today: March 4th, 2008. The GOOG stock sank this morning to the $440 range, which means that, unless you bought stock before October 2006, you have likely lost money on your Google investment. In other words, a year and a half of value creation was eradicated, and, in my humble opinion, this is just the beginning. I have already advised my friends to look for a $425 price target with dips below the $400 level within the next couple of days. A dark cloud now hangs ...