is google really worth $300-350 a share?

[trader99]

Quote from vhehn:

this is interesting. sounds just like 1999. through the years there is always one or two stocks crowned the trader must have(trade)stocks in play at any one time. the first one i remember was iomega, then intc,then dell, then csco, then aol, then qcom,then yhoo, then jdsu,then jnpr then nvda,now we have rimm,cme,tazr. there were many more but these are ones just off the top of my head. study those charts. common theme is they all dropped at least 50% when the game ended. its all a matter of timing. dont fall in love with a stock.

True, they might have crashed 50% from the peak. But did you know that if you had bought CSCO at its IPO and held to March 2000, it would have gone up 65,000%?!!!

We might say Google is very high now. But who knows. It might or might not be the next CSCO. I mean Dell went up like 50,000%!. MSFT went up like 40,000%!

But I admit we had a secular bull market that beat all bull markets during the 90s. We might not see that again in our lifetime.

But just an idea about long-term investing of solid stocks can huge reap benefits.

 

[Dell-Boy]

Quote from vhehn:

you are right. its worth 285.90 as we speak.

Vhehn LOL ....

Regards..

 

[Free Thinker]

Quote from trader99:

True, they might have crashed 50% from the peak. But did you know that if you had bought CSCO at its IPO and held to March 2000, it would have gone up 65,000%?!!!

We might say Google is very high now. But who knows. It might or might not be the next CSCO. I mean Dell went up like 50,000%!. MSFT went up like 40,000%!

But I admit we had a secular bull market that beat all bull markets during the 90s. We might not see that again in our lifetime.

But just an idea about long-term investing of solid stocks can huge reap benefits.

that is true but stocks like csco didnt ipo with a 30billion mc so their base was much lower. if GOOG were to go up 10000% from its ipo price it would be a huge number.

 

[Lights]

i dunno.. is a piece of cardboard with mickey mantle on it worth $80,000? is a ferrari 360 modena worth $350,000?

Quote from Dell-Boy:

Is google really worth $300-$350 a share?


(NO)

 

[trader99]

Quote from vhehn:

that is true but stocks like csco didnt ipo with a 30billion mc so their base was much lower. if GOOG were to go up 10000% from its ipo price it would be a huge number.

vhehn,

you are right. Very good observation. CSCO, MSFT, DELL, and other hot stocks of the 90s took a decade to achieve their multi-billion dollars market cap.

GOOG did it almost virtually overnight.

By the same argument, if GOOG were to go up 60,000% it will be worth more than the market cap of all equities securities in the world combined and some. Which is not possible.


Man...

 

[Dell-Boy]

Quote from Lights:

i dunno.. is a piece of cardboard with mickey mantle on it worth $80,000? is a ferrari 360 modena worth $350,000?

At the-end of the day- all the markets are is a auction ,It is as simple as that (What people will pay) (What people won't pay)

It,s a very old game ,Which many persons try to complicate


Regards.....

 

[M Vega]

gmail is down

 

[stock777]

Quote from GetWhatUDeserve:

So if the stocks float is 20 million shares, and its last trade was 300.00 per share, there are not 20 million shares that can sell for 300.00 if that is the high. The ironic thing is almost every investor thinks he owns stock worth 300.00 per share, when, in reality, only a very small percentage of that float can be sold for 300.00.

A 300 dollar price with a relatively small float just means that the pyramid has some very steep walls. [/B]

Keep in mind the same hold for the buy side, maybe more so.

 

[ENZO]

Good Advice

Quote from Slim Harpo:

GOOGLE, like any stock, is only worth what people are willing to pay for it...

As for shorting it, why now when the path of least resistance is evidently up?

I would wait until the path of least resistance turns down a bit before shorting...but this of course is just my opinion..