Oct 2012: Google Dropped 7% After Earnings Disappointment
Anyone remember this? Look it up if you don't believe me. Google dropped 7.5% in one trading session on what the "Street" considered to be poor earnings/guidance. The stock closed that day around $680 per share. Well fast forward 1 year and Google trades for $1027 per share. Those with the confidence in their assessment for the company's future have been handsomely rewarded.