Dronamraju Ravi Prakash

Within 6 months of IPO, several lock-ups will be lifted on GOOG insiders, so they can sell shares freely. Yesterday was one such date where 39.7M shares became "unlocked"
GOOG shares are trading down ~12$ today. I took a look at the volume of shares traded. The volume is not unusual for google stock - ~13M shares traded by 1pm PST.
I wonder how much of the downward movement is selling pressure from insiders selling "all" their 39.7M shares and how much of it is profit taking and other market pressures. The news articles are quick to put up a headline that lock up expiration (which means insiders selling their stock) is the primary reason for the stock to be down. Well, why isn't the volume higher than normal?

In any case, my personal belief is that the float is going to change on paper. However, given the market cap of the company and the interest in this stock by several funds, demand is going to far outpace the supply coming on to the market.
As i said in another post, it is extremely hard to find companies growing at a reasonable clip in this market. Search space is unique to be have secular growth to support two strong high growth companies.