After a big day on Wednesday, GOOG traded down almost 3% in afterhours trading after announcing a new 5.3 million shares shelf offering. The stock is currently trading down 11 points in afterhours. In my opinion, the opening tomorrow will offer a good opportunity for a short-term long position, considering that GOOG is poised to enter the S + P 500 later this week. I would expect that after the gap-down tomorrow, investors will soon forget about this shelf offering and look towards the index inclusion, which will cause GOOG to recover and trade higher into Friday. Just my opinion of course.
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