Submitted by Garrick Hileman11.17.2008
Thunderdome
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This prediction is closed and has been judged.
Judgment on January 6, 2009: Google wrapped up 2008 with its stock trading at $307.65. The community correctly predicted that the stock would not end the year below $300, though GOOG came dangerously close to falling below the mark. -- The Industry Standard
Original prediction: Recently the stock of Google (NASDAQ: GOOG) traded below $300 for the first time in three years. On November 17, 2008, GOOG closed at $300.12.
Google’s core business -- online advertising – is expected to continue to slow through the remainder of the year.
When Google was previously trading at $329 per share, TechCrunch reported that 75% of Google’s employees had stock options that were underwater.
With a dismal holiday retail season expected and the general economic malaise, it would appear that Google’s stock is in for a rough ride through the remainder of the year.
Prediction: Will Google’s stock price close below $300 per share by the end of 2008? For this prediction to come true, the close price must be below $300.00 on December 31, 2008. Place your bets below.
Price History
Prediction Statistics
| Betting Closes: | Dec 31 2008 | Current Consensus: | 14.80% | Total Bets: | 28 |
| Today's Change: | 0% | ||||
| Life Time High: | 67.92% | ||||
| Life Time Low: | 14.80% |
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Get your money out of Google while you can. Google has a problem with treating it's Adwords advertisers like dirt. We are constantly being harrassed with the site quality issues where our sites are being slapped with $5 and $10 clicks.
My sites are all more than 25 pages of real and unique content that is highly relevant to the searches. They are so relevant that 10% of every visitor to my site buys something. My click thru rate in Adwords averages 28% and the normal click through rate is 1.5%. I promise that I'm not a spammer. Like many others I'm a legitimate business owner that is being crushed by Google about once per year.
Google is so convinced that their algorithms are so perfect and they are not. They punish thousands of good advertisers just to weed out the few spammers that are left. The first few Google slaps were needed to get rid of the trash, but they are going too far and punishing everyone. I don't know of 1 Adwords advertiser that hasn't had to rebuild their sites and change their url. If you call and ask them they won't tell you what the problem is.
Here are the facts! Google's stock is falling and will not stop if they don't stop torturing their advertisers. I for one can't seem to spend more than $5000 per month with Google, because I'm constantly having to rebuild sites to be ready for the next Google slap. If Google would leave me alone I would be able to expand my business and spend $100,000 or more per month. I have the money and would love to spend it, but it seems that they are more interested in being high and mighty than making money.
Looks like GOOG is going to break its 52week low ($280) today.
@TIS, I believe "by December 31, 2008" should be "at the conclusion of the trading day on December 31, 2008"
I agree as that was the intent.
New 52wk low reached!
After hours showing GOOG dipping to 270ish.
GOOG may close today BELOW 270 !!
GOOG may actually close below 260 !!!!!
Global Equities Research is projecting that GOOG will have two down revenue years in '09 and '10:
http://blogs.barrons.com/techtraderdaily/2008/12/01/google-could-they-ha...
@Garrick, if the analyst is right, GOOG will most likely stay below $300 by end of year.
GOOG ended 2008 at $307.65. Unfavorable judgment can now be rendered.
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