11/5 GOOG fell 9%. Did anyone short?
\_ I think the market is reacting to the possiblity of GOOG employees
leaving the company to relocate to Canada.
\_ No, it's because they offer domestic partner benefits. Remember,
this was the "haha, you = teh gay" election.
\_ No, this is the market coming to their collective senses and
concluding that dumping a shit load of money into a second gen.
search engine company which is soon to face competition from third
generation search engine companies may not be the brightest idea.
Yes, google has a decent product line up but it isn't deep enough
and the company doesn't have a sufficient public history to support
such a high flying price. This is not a black/white issue. I'm
sure Google will be around for a few years but it isn't the be-all
end-all of everything either. The big/smart money is cashing out
now. It has absolutely nothing to do with the elections. Sheesh.
\_ Not time to short yet. There's more where this came from. |