Seeing GOOG share price going down is a gift!!!! My advice is to start building a position in GOOG, MSFT and YHOO.
AS GOOG share price drops on it's already much lower multiple than YHOO, BIDU and Interactive but is growing much faster then GOOG becomes the better deal. Wait until the ANTI TRUST issues and newspaper reports start hitting the street about any merger with MSFT and YHOO!!! Then you will see GOOG share price start rising again.
I will be starting a GOOG position first thing this morning.
Two lesser company far behind Google does not necessarily make them better. Depending on how they structure the merger, maybe this just gets rid of one more competitor. It would be a different story if there was a company that had better technology and performance than GOOG and it was merging with another, but MSFT and YHOO together still will be far beind GOOG.