Monday, November 01, 2004
Will Google Rise Again?
The big question on many people's minds is whether or not GOOG will rise today. After a little over a week of stellar gains, Google shares finally had a down day Friday, closing at $190.64, down $9.31. I'm hoping this means the stock is finally stabilizing, and will hold at or around current levels, at least until the next big development. Using market capitalization as a means of determining the stock's value, Google has pulled ahead of Yahoo and Merrill Lynch, and just slightly trails Disney, with Morgan Stanley and Hewlett-Packard the next heavy hitters on the list. Interestingly, Google has also recently pulled ahead of new business partner BellSouth.