Google at $280.26

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  • kernelpanic
    Too lazy to set a custom title
    • Jan 2005
    • 2961
    #1

    Google at $280.26

    Google has hit $280.26 a share, and its target is being forecast at up to $350. As innovative and industry-leading as google is, does anyone else think there is a definite google bubble just ready to burst. For stocks as a whole, their P/E is rather low, and as soon as they post poor profits, a lot of this stock is going to devalue. I remember since the IPO, this has just kept climbing and climing, even as competitors changed their products to reflect the new ideas which google brought to market.

    This is gonna come down eventually


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    • Dalai lama
      Strength and Honor
      • Jul 2004
      • 16540
      #2
      It started below hunderd $

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        • juve20
          Confirmed User
          • Feb 2005
          • 2542
          #3
          luck share holders that had money in them from the start!!

          tony
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            • KMR Stitch
              I am cool
              • Jul 2003
              • 14494
              #4
              Originally posted by Dalai lama
              It started below hunderd $
              85.00



              Becuase of the speculation about the stock becoming a dow jones..

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                • boner 2.0
                  Too lazy to set a custom title
                  • Jul 2004
                  • 10970
                  #5
                  I sell! I sell!

                  No. Not right now

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                    • chadglni
                      Confirmed User
                      • Dec 2002
                      • 6924
                      #6
                      You expect google to be posting poor profits?


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                        • Biggy2
                          Confirmed User
                          • Feb 2002
                          • 1821
                          #7
                          Ive been saying that for quite a while, dont know how much longer this stock can be run up... but it has amazed me thus far. I was saying it would be corrected at 175, so what do I know.

                          Its definitely on my short watch..

                          I think I read in the first post the P/E is low, it seems very high to me. Yahoo is almost half of what Goog is.
                          Last edited by Biggy2; 06-03-2005, 01:49 PM.

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                            • kernelpanic
                              Too lazy to set a custom title
                              • Jan 2005
                              • 2961
                              #8
                              The people who bought heavy in the IPO are the real winners here.


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                                • kernelpanic
                                  Too lazy to set a custom title
                                  • Jan 2005
                                  • 2961
                                  #9
                                  Originally posted by chadglni
                                  You expect google to be posting poor profits?
                                  Its not about them posting poor profits, its about the stock being far too overvalued to sustain much longer. If they post good profits by corporate standards, but fall short of their own cash-cow standard and fail to live up to the hype, then the google bubble is going to burst.


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                                    • Biggy2
                                      Confirmed User
                                      • Feb 2002
                                      • 1821
                                      #10
                                      Originally posted by kernelpanic
                                      Its not about them posting poor profits, its about the stock being far too overvalued to sustain much longer. If they post good profits by corporate standards, but fall short of their own cash-cow standard and fail to live up to the hype, then the google bubble is going to burst.
                                      Agreed, but as long as people keep buying the stock, it will keep going up. To me, when it comes to GOOG, I'm reminded of 1999 However, the people behind Goog are EXTREMELY bright, and they have a lot of growth opportunities they havent even tapped into. They've also shown they can execute well - which is all analysts like. Just as an example..they mentioned how news.google.com doesnt even turn profit (no advertising even as of now), yet is growing very well. They just simply arent concerned right now with capitalizing it, thats how well they are doing in their other areas.. Whether or not they can sustain, who knows - people seem to think so, but its not a stock I want to touch.

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                                        • kernelpanic
                                          Too lazy to set a custom title
                                          • Jan 2005
                                          • 2961
                                          #11
                                          Good point, Biggy2. I just wonder though how much longer it can last, and how hard I can ride it until then. One of the things thats always concerned me about google is the massive amount of company stock given to employees in lieu of salary, and how that seems so enron-esque, especially considering google makes their money from the brokering of traffic, without actually offering a unique product.

                                          They'll need to release something new soon, and I expect them to deliver. My money is on them adding locally-targeted ads to google maps, and then they'll again have a unique product.


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                                            • taibo
                                              Confirmed User
                                              • May 2005
                                              • 3720
                                              #12
                                              google will only get bigger and bigger

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