Nov
10

GOOG Aborts the $700 Stock Plan

Written by Jonathan Dingman
11/10/2007 7:22 ET - Filed under Fresh

As I’ve been watching GOOG stock for the past couple of days, I’ve noticed some huge drops. Both Thursday and Friday showed a $30 decline which now leaves GOOG at $663.97 for the weekend.

I can understand that there is a natural influx of people that want to sell because it’s at such a high price, but the rapid decrease does seem a little odd.

We have not seen any dramatic reports of Google’s revenue declining or any serious issues coming out.

Here’s a quick look at what Google stock looks like right now…

Google Stock Drop

But I can’t honestly say that this has been solely Google stock dropping. From all the stocks that I watch, I’ve noticed an overwhelming downward trend in the past two days. Here’s a brief look at what I’ve been seeing.

Stocks drop across the board

The drops across the board have been a little shocking to me. Especially AAPL and VMW dropping so much. AAPL dropped from upwards of $182 down to $165 for the weekend. VMWare also dropped from upwards of $108 down to $87.

Maybe it’s just the winter? I honestly don’t know what’s going on with the stock market right now — since I don’t follow it very closely, besides these stocks listed here.

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