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Mr. Henry's Wild Google Stock Ride
by Kevin Maney
Oct 07, 2008
Oct 07, 2008
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.
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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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