PDA

View Full Version : Questions about Google

ki klempa
10-23-2005, 07:40 AM
I'm taking a poll here, does anyone own Google? When did you decide it was time to buy? I read their financials and it is impressive but the price is too high or is it? Any thoughts?

kim
jacobnbr1
10-23-2005, 01:56 PM
ohhhh-no,no,no.. it aint over priced yet :lol: they are going to own the internet :lol: this stock goes higher! ( after it falls down 1st :lol: :lol: )
it may be a good company but the stock has so much anticipation built up. it is like the .com all overagain. i bet there is more people own this and have no idea why they bought other than they want the .com riches like in the 90's. i am not a a goog owner but i will be the short seller when all indicators turn, and i will be laughing all the way to the bank like the jew i am. :lol: :lol: :lol:
Hexum
10-23-2005, 02:56 PM
I dont know about GOOG. I kind of agree with Jacob here... A ton of hype. It would only take 1 bad quarter for this to tank back to 250 or 275. A little too risky either long or short for me - So I think I will watch from the sidelines. :D
BOOOYAHOOO!
10-23-2005, 04:34 PM
GOOG is destined to see 265 minimum based on the current technical picture. There is also no reason why GOOG should not see $350 based on support areas from which this pig has risen (it can in fact see $445 based on a new signal that showed up on the chart on Fri). There is also nothing on the chart that says GOOG has to see $350 before it sees $265. However, GOOG is in play and at a price where moves upward mean that many people/fund mgrs will jump on board because they don't want to miss the next rally. So GOOG is a gamble right now bottom line. Since most people "expect" it to see $350 it makes the decision on whether or not to buy a simple one for me personally. The final decision on whether or not to buy for the long term is a consideration of the risk/reward characteristics for both the short term and longer term. Does GOOG qualify as a great long term play as opposed to other places I could put my money? Answer: No! Do I feel confident enough in my ability to trade GOOG to $350 based on other opportunities, and knowing the fact that GOOG will trade to at least $265 at sometime in the future, which means I could end up getting caught in a news driven selloff? Anwer: No freakin way! Bottom line: Avoid GOOG! See how simple this crap is? :lol:
BOOOYAHOOO!
10-23-2005, 04:44 PM
Jacob, here's an argument that will help you start looking at sentiment more than hype. At one time just about every single anal-yst including Cramer was basing price targets for GOOG on YHOO's bloated valuation. I doubt that even the Cramer faithful would argue this fact. All of a sudden GOOG is the standard for the internut sector and YHOO is on the back burner. The takeaway? Sentiment has switched to GOOG and away from YHOO which makes YHOO a muuuuuch better short. But hype makes GOOG much more dangerous to the shorts, for now! :wink:
Hexum
10-23-2005, 06:09 PM
Booyahoo - for once you and I agree. Is there hope for more? :)


You are right, when everyone jumps on the bandwagon it gets way too dangerous for my liking.
jacobnbr1
10-23-2005, 07:09 PM
I dont know about GOOG. I kind of agree with Jacob here... A ton of hype. It would only take 1 bad quarter for this to tank back to 250 or 275. A little too risky either long or short for me - So I think I will watch from the sidelines. :D

make up your mind hexum. you only have one oppinion when you are buying a stock. the way i see it. my oppinion may be wrong. but i am not a goog watcher either. i just pulled my oppinon based on what i already know :oops: [/b]
Hexum
10-23-2005, 07:28 PM
Not sure what you are saying Jacob, sorry I wasnt more clear before - my opinion is dont buy. It could spike with all of the hype, but it could just as easily go down with some bad news.
englishman26
10-23-2005, 11:48 PM
It'll spike - probably to around 370. It'll be worth a short-term buy on that. It'll fall after that though.

The long term prospects for this stock are 500 in the next 2 years. But it'll have some wild fluctuations.

I'm not sure it'll get as low as 265 - but it might.

I think it's a buy but I'd rather wait to see where the dust on it settles after the drop from the new high it's about to hit.
Anonymous
10-24-2005, 12:22 AM
.................................................. .....