Top 1%
for me, it's not about how great Google's financial reports were. It's a lesson in how a market in panic can send Google's price 35% down.. for no reason whatsoever... some old fart on wallstreet decided that "Internet advertising has matured" and "Google will suffer from the downturn in the economy"
Eric Schmidt of Google gave him a pretty good answer:
"It's clear to us that we're well positioned for 2008 and beyond, regardless of the business environment that we find ourselves surrounded by,"
Wow! Mr. Schmidt must have loved to say that. But I think Google is worth the praise. A fantastic company charging straight ahead, regardless of how choppy the water might be.
Also, these reports prove that Internat advertising rises in recession time... another reason to dump those old media TV and Newspaper stock... and that Wall St. fart for that matter...
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Top 2%
Lowrance
Apr 18 at 8:59 ET
I was wondering why it fell like a rock in the first place, I really wanted to hop in at 456 a few days ago but thought there was an underlying reason it had fallen so much.
Top 2%
ITGURU
Apr 18 at 9:59 ET
What price do you think we sell on and take the profits? I bought in at $455 up 15% And think i should take my profits with this
Top 1%
guliamo
Apr 19 at 12:59 ET
If Google is a the growth story we all think it is there isn't any reason they won't return to their past high at $700.
That said i don't have any GOOG in my portfolio.. sold mine 2 months ago so i will wait a bit longer and see where it goes. If we are right, there is still time to hop on this wagon. Right now I'm looking for smaller cap companies with a lower profile than this giant.