GOOG’s Vertical Descent

Not to pick on Rob Hof, but I’m surprised that so many people are just now commenting that GOOG has been in a steady free fall since last December. It’s been my experience that investors are not always herd animals, they really can have moments of insight on where companies are going and vote with their trades, but as is often the case, Silicon Valley likes to herald a rising tech stock market rather than a falling one, unless it’s MSFT in which case the opposite it true.

Also, the comScore data only validates the trend, it’s not the cause of.

I first wrote about this a month ago, but as is usually the case, a picture is worth a thousand words. Noticed the similar slide that AAPL has been experiencing?


2 thoughts on GOOG’s Vertical Descent

  1. I agree – also note that Henry Blodget pretty much told us to buy Google at the very top. As I said last month – “By the way, where is Henry Blodget now that the Google stock growth has, how shall we say it, slowed down. I guess Henry Blodget timed it perfectly again – pretty much making the most bullish claim at the height of Google valuation – that should have been a signal to the rest of us (see my and Barron’s post on the Blodget call).”

  2. Interesting article in Fortune regarding the use of economic value add (EVA) valuation for stocks, for which GOOG was used as a validation point.

Comments are closed