Top 1%
I admit I don't get Google at all.. How can a 180 billion dollar company fluctuate like this?
Some say it's the fact they have only one revenue source, so when recession looms, Internet advertising goes down with it and since Google IS Internet advertising it's only natural to cut the stock as well.
Then again there is all this new technology but no real way to make money off of it, will Google ever be able to sell products and show some value to investors.. I mean I'm sure Google earth was great fun to do, but where's the dinero muchachos?
My friend Andyf says it's a "buy" up to $650... anyone betting the other way?
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Top 4%
Kohalza
May 11 at 10:18 ET
I think Google is now too big to show any significant leap in share value. Unless they come up with a new way of making money, I see the stock dancing in the $500-$700 range for the next few years.
As a user I love all the free stuff they give me, but from an investor's point of view, I don't see any substantial growth for Google in the near future.
I Will however, not lose track of news on Google because you never know when they may pull a proverbial rabbit out of their hat.
Top 94%
Montana_Ram
May 12 at 4:21 ET
Goog Is a great money maker, I have been buying and selling this stock short for about 8 mo. With very high returns. If you check out the charts and do a little math you can see some very predictiable trend both up and down.
Top 2%
Walter
May 14 at 3:20 ET
i am not a big believer in mathematically trying to guess the market, but I agree that a some nice profits could come from playing the google game. it's so hyped up that people are illogical about it and I go for the ride. I am not a believer.
to the question about new revenue sources I point you all to the Android open platform for mobile devices - this could open a new market to google and they could capetilize on it in a number of ways starting from the usual ads and through licensed apps.
Top 1%
guliamo
May 18 at 1:09 ET
Isn't android just another freebie though?
How do they plan to make money off of it besides pissing Microsoft off?.. which i admit is worth a lot.. but not to us investors...
Top 91%
en_forcer
May 19 at 11:48 ET
Google is a really interesting stock to watch. I've been trading options on it for the last 3 years and have learned some painful lessons.
It is manipulated during some short stretches especially right before option expiration by the market makers - you can see the results of their efforts last week with the narrow range the stock traded in. With the closing price right at 580 a lot of options expired worthless and keeping the stock in a narrow range bled out a lot of volatility premium in the options.
Long term has been the only way I've found I can make money on GOOG - at least long term positions. I might sell in a week or a few days if there is a pop but I always buy with the intention to hold it for 6 months.
ATM I have several 2010 leaps on GOOG. I bought them before earnings with the intention of holding until after 3rd Qtr earnings in Oct (The 18th or so when they announce) but I could already sell. Had I bought shorter term? I would have been hurt with the sudden decrease in activity.
The best advice I can give is to buy GOOG with the ability to sit on it for a year if you have to. This will enable you to ride out any short noise and make a few bucks. Short term? A bit too hairy for this trader!
Anywho thanks for listening - Eric