Google shares were being hammered in pre market trading as the share is downgraded by RBC capital which says " confirm double-digit percentage sequential decrease in pricing across the domestic Google network," which the firm considers “a significant (negative) inflection point after phenomenal 4Q04 results.” RBC cuts 1Q revenue forecast to $686M from $729M, and lowers its GOOG target to $200 from $250. GOOG off 6% to $182.51 in premarket.
Google opens $9 down at $184.
Re: Google being hammered
I think google will burst very soon. Its real value should not be more than $40. But there is alot of things that these analysts are considering in terms of potential growth that is driving it higher since its IPO. I prefer to stay away from it. Could be half of its value by the end of this year. Who knows. Some ppl have predicted that after 12 years, shares will value almost 1600%. Who knows when the Internet business take another turn and the estimates go down the drain.
Re: Google being hammered
How did you come up with that number? Any basis or just thinking out loud?
Re: Google being hammered
I reckon theGoogle will remain a potent part of the leggies arsenal for years yet. Only Warnie has an effectve substitute ball.
Re: Google being hammered
Faisal Bhai, personal analysis bhi koi cheez hoti hai :p
Wese quickie for you. MCDT, I have been watching it for last two months after it slumped. Bought it on Monday and now its already up 20%
Re: Google being hammered
hmmm..not good not good :( c'mon GOOGLE... u go GOOGLE!!!!!
Re: Google being hammered
Irem, what would you do if Google ever goes off line? :D
Re: Google being hammered
[bollywood style]
ahmadjee…naheen…!!! naheen aisa naheen ho sakta ahmadjee!!! jab tak meri aankhri saans hae google ka koi kuch nai bigaar sakta 
j/k