Trades and observations from a British contrarian stock investor

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Sunday, January 24, 2010

Planned stock sales by Google founders may further depress price


After Friday's closing bell, Google (GOOG) said co-founders Larry Page and Sergey Brin will each sell about 5 million shares under pre-arranged stock trading plans putting my holding in the frame once more.
Although the sale of the stock is likely to be spread over an extended period of time to minimize market impact. it may further knock sentiment on Monday after the disappointing reaction to Q4 earnings on Thursday. The co-founders hold about 57.7 million of Class B common shares, which represents around 18% of Google's capital stock.
Buy or sell of position to be reviewed Monday.
Posted by Contrarian Investor UK at 11:25 PM
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