I previously had a bit of a rant about traders and how they can sometimes lose faith in great shares when the going gets bad. One that I particularly had issue with was the half price drop in the Google share price from within on year. Now, thankfully, the price seems to be recovering – again. It still amazes me though, for the last three years Google have been increasing annual revenues and profits by around 30%+ but, in the last year at least, their share price has tumbled. It’d be interesting to see the combined values that have been knocked off pension funds and government investments because of this. Hmmm.
Overall today tech stocks in online media companies are up, on the NASDAQ at least. Lets hope they stay that way.