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January 31, 2006
GOOG traders react badly, Tues., Jan. 31, 2006, 4:31 PM
Gross revenue grew +86 pct and profit by +82 pct for 4Q05 Y/Y. But traders don't seem to be happy. Google stock is selling off rapidly in after hours trading.
GOOG After Hours: 4:03pm 1/31/2006 406.47 -26.19 -6.05% 54,267
After hours, YHOO was down over "3 pct and EBAY down over "2.5 pct.
I think there was an order matching issue with GOOG. a few minutes ago, GOOG was down -$54 (-13 pct). That's more than a $15 billion haircut in about 15 minutes. Yes, I've seen these things before.... but never in a Bull Market.
Two weeks ago, GOOG was trading actively at $475. Right now (4:45 pm ET) it's at $371. I can see the margin calls coming.
Doesn't look goog good.
:-)
Posted by Posted by Bill Cara on January 31, 2006 04:32:20 PM | Category: 45 Info Technology