If Ms.Dohorty is calling a bottom of 'around' $350, that's 10-15% from here. Most money won't bother to wait for that bottom. Enough of a comfort zone on a good company to get in soon. Money that's already in, will stay put.
Plus Google is a flight to safety for some investors. That's my view in this rough market. I'm in at $450 and won't bother to jump out and bite my nice nails every day wondering when to get back in.