Is the honeymoon over

By reeset / On / In Digital Libraries

I wonder if the honeymoon is over for Google, at least as it relates to Wall Street. I’d never seen a company who’s value was more over inflated since its first public offering, and after missing their earnings estimates for this quarter (though, its ready why they missed them that’s even more interesting), it appears that some type of market correction is going to take place. It will be interesting to see if this is the beginning of a much larger correction (my guess is 70-95 being a realistic value per share given their actual revenues) or will eventually be chalked up to just jittery investors…

Either way, trading was lower after hours yesterday
Market adjustment

And seems to be continuing today on Nasdaq.

google2.GIF

–Terry