I'm starting to get really bad at figuring out stocks. Sometimes, it goes up or down regardless of the news about the company. Today, it's up more than 10% which is good for me, but I'd like to know exactly what evenement caused this.
2006-09-13 06:58:14 · 5 answers · asked by Vinh 3 in Business & Finance ➔ Investing
Edit: Ok I meant more than 10 points, not %
Still a lot, what caused that?
2006-09-13 07:09:00 · update #1
It's up about 2.5% which is about 11 bucks.
Right now the market, especially tech and retail, is getting an influx of money. The old adage of 'Sell in May and go away' brings investors back in September. The timing makes this a great time to get into the market. The oil prices have dropped severely. The money that was taken out of oil stocks is hitting retail and tech nicely. Finally, real estate is correcting. The money that is being taken out of the real estate market is flowing into the stock market.
2006-09-13 07:10:10 · answer #1 · answered by JustJake 5 · 0⤊ 0⤋
Google announced the intent to exoand by building an additional 9 acre 310,000 sq ft campun in Mountain View near their current location.
2006-09-13 07:07:51 · answer #2 · answered by Steve P 5 · 0⤊ 0⤋
well anyone with any type of investment sense will tell you not to watch stocks for day to day movement. the only way you make money is in the long term. but i figured google stocks would be going up because of the new adsense thing they got.
2006-09-13 07:07:48 · answer #3 · answered by yngmssluv 2 · 0⤊ 0⤋
You are misinformed.
Google is only up about 2.5%, The market is up about 4%. Given that Google has a beta of 0.68 -- it is right about where it should be.
2006-09-13 07:04:26 · answer #4 · answered by Ranto 7 · 0⤊ 0⤋
it's the preception of the public
2006-09-13 07:06:30 · answer #5 · answered by Mr. Takafushi 5 · 0⤊ 0⤋