One of the many things I regret and will always regret is that I did not buy shares in Google when the opportunity was presented to me. It would’ve probably added me to the long list of millionaires that Google has created throughout its short existence. It is very frustrating to watch the shares go up by say… 100$ every couple of months and instead of rejoicing and basking in the smell of money earned the easy way you are left with the thought of what could have been. But I am straying from the point. For the first time since the GPhone talks have begun taking shape, the Google shares have dropped and although I would have greatly enjoyed being able to say plummeted (see personal sorrow above), the drop is of a mere 5.3% in comparison to yesterday. Which is nothing the stock holders should worry about; just this week, a rise of almost 32% compared to the beginning of October was noted.
Dan Nystedt of IDG News Service thinks that "The Internet search giant's downfall came partly from profit-taking. The company's stock hit a high of $747.24 Wednesday, a gain of nearly 32 percent since the beginning of October. Such momentum in a major company often attracts short-term traders looking for a quick profit, and there's been plenty of profiting on Google's stock in recent weeks. The shares started last month at $567.27, then broke $600 for the first time on Oct. 8 before heading on up to its first over-$700 close ever, at $707 on Oct. 31." Google is not the only one to experience slight share value drops, Apple’s have also risen 26% because of constant iPhone buzz and dropped 5.8% yesterday, much as Research in Motion and its popular BlackBerry devices had a similar run, rising 39% over the same time just to drop 6.4%.
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