Google, Inc, is seeing a massive downgrading by investors so far in 2008. The massive losses are due in part to Google’s rutle tactics to dominate the internet community and their refusal to stick with what made them a household name. Google has diluted their business model to the point that it’s hard to say what industry they are actually in anymore.
All the rumors about enterprise applications to compete with Sun and IBM, all the rumors about a Goolge competitor to Apple’s iPhone and all of Google’s talk about rivaling eBay in the online auction market have many savvy brokers quetion which direction the company is headed in.
If you want a very realistic view of Google’s entering a decline after assuming a head and shoulders pattern followinf a bull run, please see my friend Dace’s post GOOG Drops 5% – Google Shareholders Taking a Beating. There’s no need for me to further elaborate on the positions he’s taken in the article Google’s meteoric rise and potential to be the biggest falling star the market has ever seen.
