Google Stock

[godoftrading]

going back to 600 soon

When the market rebounds google will lead the way higher.

Google has not been affected by this fake credit crisis at all. Revenue keeps growing. NO shortage in ad clicks. Google's marketshare keeps rising.

700 is an easy target for 2009.

[Florida]

going back to 600 soon

When the market rebounds google will lead the way higher.

Google has not been affected by this fake credit crisis at all. Revenue keeps growing. NO shortage in ad clicks. Google's marketshare keeps rising.

700 is an easy target for 2009.

I think you have your decimal off 1 position, you really mean $60 or $70 don't you?

[GDFLS]

Not sure about how fake the credit crisis is, but I offer my own anecdotal evidence that may not speak to a credit crisis on a large scale.

But both Home Depot and Sam's club in the past week increased my credit line. I usually carry a very small balance on each card every month and pay it off each month as well. So they didn't seem to have an issue offering me more credit.

However on the flip side, I have a home equity line we used for some home repairs. They did cut back on the amount available, since they reworked the price of our house by looking at the comps that sold near us.

So, I think that the situation is somewhere in the middle, I just don't trust anything this administration has to say, and I don't trust the Fed Reserve nor do I trust Paulson.

As far a GOOG, they still have a solid balance sheet. hard to argue with that so long as they can continue to grow revs, but maybe a while before anyone is willing to pay up a higher PE.

[Bolimomo]

going back to 600 soon
...
700 is an easy target for 2009.

You are kidding, right?... Ressemble what those mutual fund managers said about GOOG when it was at 700... "Google will break 1000 soon".

I opened my eyes, saw GOOG's price quote: $350. Oh... okay.

[stideas]

Is this a serious post or some kind of joke. Even the "blind" can clearly see it going down.

sti

[Horsefish]

Take a few minutes and go to these links. Google "Cloud Computing". Those of you that have a long time horizon, Get 10 shares and tuck it away.

[Horsefish]

Take a few minutes and go to these links. Google "Cloud Computing". Those of you that have a long time horizon, Get 10 shares and tuck it away.

Sorry, srewed up that post, couldn't get the links to work.

One was an article about the coming change to online applications instead of having the MSFT apps on your business system and being subject to IT charges for updates and maintenance. Much cheaper for businesses.

The other was about needing only very cheap terminals instead of full blown PCs on every employee's desk. All of the programs and apps are online. Again far less expensive.

The upshot is that this is the future of business info technology and GOOG is on the front edge of the coming wave of change at the expense of MSFT.

[Rynn]

Google is not directly affected by credit problems because they have no debt. But $600? Their P/E ratio is kinda high as it is.

Other no-debt tech companies include AAPL and MSFT. INTC has a small amount of debt.

I wouldn't hold MSFT long-term though. Although they are hugely profitable at present, I think they will continue to slowly decline, losing a few percent of their customers per year.

[aiki14]

On another note, no way tech leads us out of this, the financials are the ones that will lead the recovery when and if it occurs.

[Riddicks]

I actually believe that $600 number is pretty good and I also think tech will lead us out of this mess. You will start to see some upgrades in the sector and I believe there are alot of companies that have been beaten down unjustifiably.

[Rynn]

Tech will do well as long as the earnings are good. IBM posted earnings today and it was good.

GOOG and INTC are next week, AAPL and MSFT the week after.