At the start of trading this morning Google hit a new 52 week low.
The previous low was $308.70 and shares have already traded as low as $301.80 today.
Just a couple of weeks ago, after releasing earnings, Google traded as high as $385.
Baidu.com is only $3 from hitting its 52 week low currently at $192.55 share.
It’s 52 week low is $189.52.
I still think the stock is very undervalued!
Next year it may drop even more because of the current situation we are in around the world and thats when Im going to buy buy buy!
Google is still a very strong company worth investing in.
I think if we look at the longterm this is going to be very cheap stock!
Regards,
Robbie
Founder
RegFeeNames.com
maybe this will slow the google train a bit… Nothing goes straight up forever.
We would not be in any hurry to buy any companies stock for at least 6 more months. Google will more than likely be halved from here. Good things come to those who are patient. This is going to be especially true this coming new year.
Better yet buy quality .com names. Sell other extensions and trade up to .coms. Just a friendly opinion.
What goes up must come down = as many more other company’s enter the ppc market the advertisers / customers are trying and using other cost effective ppc companies to get more bang for their money so google profits are down.
Google is making enough money – they can not own the whole world
Google will exceed expectations once again next time around… they have a funny way of working their magic and have lots of room to squeeze out some additional income such as from the domain channel 🙂
UPDATE
Today Google broke the $300 level trading at $297 with 2 hours to go.