http://finance.yahoo.com/q?s=goog Not good news for the people that want google to die Shorts are covering!
Actually the stock was down 1.21% today, Its up 17% in after hours trading which is a thinly traded market.
We all complain about how powerful google is but we cannot do without google, I have mixed feelings in regards to the spike in their stock, I don't know if it's a good or a bad thing for me
The stock market is a perception of peoples views on companies and the economy in general, that perception can be clouded by other factors like the credit markets and recessions.
I was glad to see this news today, the markets needed it. The way things are going any bit of good news is welcome.
Better news for those who bought options on the stock yesterday. Call options (Option to by the stock ) with a strike price of $500 where selling at .55 yesterday. One option contract means the right to by 100 shares at a set prices. Those options today are trading at $45 per share. Meaning that if you bought 2 contracts yesterday .55*100 shares*2=$110 your cost today. Now you could sell those options at $45 per share meaning your total return would $45*100*2=$9000 Your return about 8200% in one day