Quote from stock_trad3r:
(well vonage is worse)
I swear this POS never goes up
I bought some at 413and 450 and 470 and while Im ahead the market is up and google is only up a dollar ..lame
It has been stagnant for the past 5 months and underperformed the market last year.
if you bought google after earnings back in October 2006 at 465 you would have lost moeny STILL
If you bought google in Jan 2006 at 460 you would be breakeven
So who has made moeny with google?
1. Insiders
2. People who bought between 2004-05
Ahmed from pakistan who joined Google in 2001 unloads 200K shares and shareholders get screwed. Smitt unloads 1 milion. NO insider buyers.
Also there is TOO MUCH volume and hedging and daytrading and money moving though that stock. This creates too many market efficiencies and lack of price movement.
If the volume would dry up to 200K a day the stock would go up. If google reversed split its stock to 900 it would actually go higher because there wouldnt be so much damn volume from funds. Look at birkshire.
Given the earnings and google domination in the marketplace we SHOULD be trading at 520 at least by now.
The management has done a terrible job regarding investor relations. NO guidance. no buiybacks. No dividend. No thing but selling.
If this stock were run by Yale and Harvard business men it would be at 560 cause they know how to work wallstreet.
But I'm still long though.
