The fundimentals don't really support the current price but the charts (at least to me) show a break out to the upside. Will it go to $600? Who knows?
My opinion is that when the Wall Street promotion machine gets behind a stock like this you never can tell how far it will go.
It is really one of the very few good stories in Tech lately, so I can see why people are excited about it.
Good night. I have to cut out. Good luck to you.
<The so called "Islamic fundamentalists" already control the oil. They have for decades. That is the only reason we have troops there. You don't see our kids fighting in africa do you? Where have you been? >
The Islamic fundamentalists weren't controlling it in Iraq until we got involved in it. Now it no doubt will be.
<<How much do you think oil would cost if Islamic fundamentalists got ahold of middle east oil?>>
The so called "Islamic fundamentalists" already control the oil. They have for decades. That is the only reason we have troops there. You don't see our kids fighting in africa do you? Where have you been?
How much do you think oil would cost if Islamic fundamentalists got ahold of middle east oil?
If they just seized a few pumping stations in Saudi we'd be in deep sheet. Don't you realize that?
I agree, and if oil keeps going up (like it's not high enough already), I just don't see how these high PE stocks are going to stay up. I can't really figure out how they are up now; moreover, I don't think GOOG cooked the books, but I do think the earnings report was a little sneaky. I'm not sure whether to take the pain (since I'm in too deep as it is) or cut my losses. GOOG is already up 130 points and if nothing else, it seems like it's time for a retracement. I'm not sure I'd be any more comfortable being long. Actually, I'd be more comfortable being out! LOL.
Don't take it too hard. After all Google isn't very forthcoming about how their business is doing.
For what it is worth and that is probably nothing, I think GOOG is way overvalued. But I go with the flow. The market says $600/share. Fine... So I'm long now and hopefully all the longs pumping this thing will help move it in that direction. The oil prices do have me very concerned. I just think it is unrealistic to think our economy can continue to obsorb these large increases in fuel prices.
I blame Bush for this. At least $25/barrel is due to geopolitical issues that didn't exist until he and his crony's went out of their way to create these problems.
<<The shorts just get so freaking mean. >>
There is nothing wrong with going short (I go short sometimes), but it is harder psychologically I think. It naturally takes a more negative outlook than a long and that is why it sometimes seems mean.
I personally don't care whether a stock goes up or down. I just want it to move!