GO-GO-GOOG?

[Woobie479]

what is the best way to play a stock like google. Everyday for the last few weeks it opens up about $5 and then drops down to its opening or even a loss. Will this stock ever break through $320 and hold :?:

[optimus25]

Pick your buy point and your sell point or if you want to be leveraged buy a call option.

[Natural Gas]

If I knew the answer that question this game would be too easy. I think GOOG IPO'd around 90 and immediately pulled back to around 70 something. It's been pretty much straight up from there with a few days pull back along the way. Cramer's target is 350 based on earnings, however future earnings may be higher so who knows. MSFT is trying to get into the competition but GOOG has countered that their search engines now cover 3x more of the web. Stay tuned.

[optimus25]

GOOG is a bullet train that I missed. At $85 I thought it was pretty expensive based on their PE. Boy I couldn't be more wrong. They rule the internet search sector. They have positions in China through BIDU. They are really positioned for higher levels.

My cousin works there and he had around $200K in stock options when they first IPO'd. I wonder what they're worth now...lucky!