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Google Inc. Message Board

  • slowthinkur slowthinkur Mar 29, 2013 7:14 AM Flag

    Cause of the Selloff

    It's not hedge funds that is pushing the stock down, it's actually because Eric Schmitt has dumped 264k shares worth ~ $215,160,000 in just acouple of days.
    Eric announced that he will sell aprox 2.5B to diversify his assets proximity 6 weeks ago.
    I am actually pleased to see how the price has held up given that fact.

 
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