Mr. Henry's Wild Google Stock Ride

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Tech Observer

Main

Sony's New Vaio Takes Aim at Apple's... Microsoft and the Ivy League: Videog...

Oct 7 2008 2:11PM EDT

Kevin Maney writes: Infamous stock tout Henry Blodget notes today that Google shares have dipped to the $350 range and "angry shareholders" are likely to get all up in Google managements' shorts.

What? Exactly why are shareholders going to be angry if Google's stock has been falling in lock-step with all the big Web stocks, including Amazon, eBay and Akamai? Over the past year, their paths downward have been almost exactly the same, indicating that this isn't a GOOG issue, it's an economic conditions issue.

Blodget is probably the main one who's angry -- angry that a year and five days ago, he said Google stock would hit $2,000 a share. Doh!

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