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GOOG Powerful
- Thread starter Slim Harpo
- Start date
Quote from SteveD:
[B Throw in very strong growth prospects "going forward" and you have a stock that may be fairly priced.
[/B]
Well said
This is impressive as well..not only here in the US but the percentages in the charts at bottom of page for overseas.
http://www.websidestory.com/products/web-analytics/datainsights/spotlight/06-28-2005.html
Quote from SteveD:
The thinking is that the average PE multiple of Yahoo and Ebay is 63.
And you find that fairly valued?
If this market turns truly bearish, the PEs wil deflate to the long term average of smth like 8-12. I know that the successful dotcoms are held in a special overvalued light but in bearish conditions I doubt the investors will justify these 50-60 PEs for internet companies. They are not paying dividends and the growth will quickly die off as advertising & consumption seriously slows down.
But I see that many are actually starting to be convinced that GOOG is rightfully on an endless tear. The bubble mentality is in so seems like the top is near. $350 is gonna be hit soon, no doubt.
its interesting to note, that when GOOG was below 200, everybody was crying short and people where convinced GOOG is overvalued. Now more and more people give up shorting goog, others begin to think that goog at market cap 80 Billion is justified and think its another Microsoft that can bring them millions. You can't invest into a company with market cap 80 Billion and think you can make a million out of 10.000 unless you think goog will make it to the world.com company.
You can also see the trend change in the P/C ratio on google. People get tired of shorting it.
So it is my strong believe, that the amuni that drove up this beast (lots of shorts fighting the trend) seems to dry up and GOOG begins to get vulnerable here.
However I would like to wait for 2 things to happen bevore I short it:
1) Stock Split hast to be offiial announced
2) Stock has to be in S&P and add some 2 or 3 days to that date
Just my 2 cents...
You can also see the trend change in the P/C ratio on google. People get tired of shorting it.
So it is my strong believe, that the amuni that drove up this beast (lots of shorts fighting the trend) seems to dry up and GOOG begins to get vulnerable here.
However I would like to wait for 2 things to happen bevore I short it:
1) Stock Split hast to be offiial announced
2) Stock has to be in S&P and add some 2 or 3 days to that date
Just my 2 cents...
I do have to admit they do everything better than thier competitors
Coming out with earnings later this month on the 21st. Should be a interesting couple of days of trading before the announcement.