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Message from discussion GOOGLE PRICE ERROR
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BryanTree  
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 More options Sep 30 2008, 4:27 pm
From: BryanTree <BryanT...@gmail.com>
Date: Tue, 30 Sep 2008 13:27:57 -0700 (PDT)
Local: Tues, Sep 30 2008 4:27 pm
Subject: Re: GOOGLE PRICE ERROR
 It was likely a fat finger according to bloomberg & I bought at
325 :) so trades were made.
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.)


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