Google Stock Freefall Hits New, 172-Day Low

Google’s stock price closed today below $500 for the first time in almost six months, ending the day at $495.43 (and another two dollars lower in after-hours trading). The stock has been in freefall since late December, losing $215 in a little over a month, $250 in ust under three. The last time Google’s stock was this low was August 16, 2007. The stock has now dropped a complete 1/3 of its value, with no end in sight.
How long will it take Google to recover? The end of the recession? One good earnings report? Whatever the case, Google is a bad buy today, tomorrow, and any day until the stock finally bottoms out and starts climbing, if it still has it in it. All I know is, less than sixty bucks, and Google falls below its 52-week low.

See original post by Nathan Weinberg