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Re: GOOGLE PRICE ERROR

macjackn...@gmail.com

Regardless of the reason, that was insane, and incidentally, a great
way to cause people to further lose confidence in a very difficult
time. I've never seen anything like that, and I wonder if stop losses
were tripped and what happens there. What a perfect storm.

moo...@gmail.com wrote:
> Guys,

> Calm down. This was purely a data error where old data was mixed in
> with new. There were no unusual trades, even at the close. Take a look
> at both highs and lows as well as the options and you'll see that it
> was prevalent for all Google-related securities. It happens sometimes,
> and there are rules in place to deal with it. All brokers and data
> feeds sourcing from the Nasdaq will show this error, and any incorrect
> ticker prices or trade prices will be corrected when the bad data is
> removed.

> Google is down a bit in after hours only because of people
> misunderstanding the data-related drop. It will move back up as soon
> as this fear goes away, and we will almost certainly see the mid-400s
> tomorrow, much higher in a couple of weeks when they report (Google's
> earnings have been stellar even through the economic downturn because
> they actually benefit from slowdowns as resources are shifted to the
> most efficient forms of marketing.)