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Altisource Portfolio Solutions S.A. Message Board

  • mr.megawatt mr.megawatt Oct 18, 2012 10:12 PM Flag

    Google stock pull the whole market down,

    The mms control the market computers main frames in wall street, and they did a huge error. They try to stop it but the damage was there. Google Shares of Google lost 8 percent - the stock's worst day since January 20 - to close at $695 after the Internet giant's third-quarter results showed earnings and revenue fell short of forecasts. The earnings report had not been expected until after the market's close. Trading of the stock was halted at 12:50 p.m. after Google had fallen as much as 10.5 percent to a session low of $676. Trading resumed at 3:20 p.m.

    Google was the biggest drag on the S&P 500. Tech stocks suffered, with the S&P 500 information technology index (.GSPT) losing 1.53 percent. Shares of IBM (IBM.N), which disappointed investors a day earlier, lost 2.8 percent to close at $194.96 and pull the Dow lower.

    This shows that the stocks can drop before you react and the damage is done. Take profits as soon as possible and don't be greedy.

    F.Y.I.

    Sentiment: Hold

 
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