Comments on: Google, or: Why I’ll Never Be Good at Stock Predictions http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Roundup for week of 7 October 2007: Back in the Saddle Edition at Mighty Bargain Hunter http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119462 Roundup for week of 7 October 2007: Back in the Saddle Edition at Mighty Bargain Hunter Sat, 13 Oct 2007 06:15:47 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119462 [...] Commentary underestimated how high GOOG would go.  (So did I — my target was even lower than [...] [...] Commentary underestimated how high GOOG would go.  (So did I — my target was even lower than [...]

]]> By: Free Money Finance http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119427 Free Money Finance Fri, 12 Oct 2007 10:19:30 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119427 Star Money Articles for the Week of October 8... Here are some recent interesting posts from the MoneyBlogNetwork and beyond: MightyBargainHunter is alive! Five Cent Nickel got called by a collection agency. Blueprint for Financial Prosperity tells how to calculate the taxable equivalent yield. No Cr... Star Money Articles for the Week of October 8…

Here are some recent interesting posts from the MoneyBlogNetwork and beyond: MightyBargainHunter is alive! Five Cent Nickel got called by a collection agency. Blueprint for Financial Prosperity tells how to calculate the taxable equivalent yield. No Cr…

]]> By: mbhunter http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119422 mbhunter Fri, 12 Oct 2007 01:48:53 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119422 Shoot, I thought its start at $90 was too high. Shoot, I thought its start at $90 was too high.

]]> By: Lazy Man http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119391 Lazy Man Thu, 11 Oct 2007 16:29:55 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119391 It's never about the flat price of the stock, it's about price/earnings and market capitalization. Warren Buffet has a company with a high stock number, and it just keeps getting higher :-). It’s never about the flat price of the stock, it’s about price/earnings and market capitalization. Warren Buffet has a company with a high stock number, and it just keeps getting higher :-).

]]> By: franco http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119369 franco Thu, 11 Oct 2007 05:21:32 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119369 Wow, short GOOG.....???? I need to start a trading 101 class. Obviously, at some point it will go down and everyone will say I told you so after the stock runs from 400 to 700+ before the end of the year. But look at the great trading opportunity you all are missing. To short GOOG the smart way would be through options, which at this point does not support an extended downturn. A little pullback possible soon, then earnings release next week, which should be blown away. $700 here we come. Shorts will get squeezed. Wow, short GOOG…..???? I need to start a trading 101 class. Obviously, at some point it will go down and everyone will say I told you so after the stock runs from 400 to 700+ before the end of the year. But look at the great trading opportunity you all are missing. To short GOOG the smart way would be through options, which at this point does not support an extended downturn. A little pullback possible soon, then earnings release next week, which should be blown away. $700 here we come. Shorts will get squeezed.

]]> By: Creative Investor http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119355 Creative Investor Wed, 10 Oct 2007 23:50:30 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119355 I guess I'll my 2 cents in here and agree with what everybody else had said, I definitely had and still have the same sentiment about Google: a phenomenal company that huge growth prospects, but will it keep growing at the same rate? At what point investors will lose confidence in it and it will crash (not necessarily through the fault of its own, just the hype that investors built around it)? I just hope than when it does crash I'll have the guts to get in at that point. Even though I'm still afraid to buy it now, I definitely would short it. Betting against the company that promises to "do no evil"? Come on now. :) I guess I’ll my 2 cents in here and agree with what everybody else had said, I definitely had and still have the same sentiment about Google: a phenomenal company that huge growth prospects, but will it keep growing at the same rate? At what point investors will lose confidence in it and it will crash (not necessarily through the fault of its own, just the hype that investors built around it)? I just hope than when it does crash I’ll have the guts to get in at that point.

Even though I’m still afraid to buy it now, I definitely would short it. Betting against the company that promises to “do no evil”? Come on now. :)

]]> By: hank http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119352 hank Wed, 10 Oct 2007 22:31:37 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119352 Boy howdy - Have you seen "Frequency" with Dennis Quaid? Same thing, a quote in there about Yahoo during his time travel experience... 20/20, it will ALWAYS be 20/20. ;) Boy howdy – Have you seen “Frequency” with Dennis Quaid? Same thing, a quote in there about Yahoo during his time travel experience… 20/20, it will ALWAYS be 20/20. ;)

]]> By: FinanceAndFat http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119335 FinanceAndFat Wed, 10 Oct 2007 03:09:45 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119335 Yep, I had the exact opinion. Until it was in the 400s and I started to understand why. I think most people just didn't get how successful GOOG could be with those silly little text ads, I know I didn't understand it when I should have. Yep, I had the exact opinion. Until it was in the 400s and I started to understand why. I think most people just didn’t get how successful GOOG could be with those silly little text ads, I know I didn’t understand it when I should have.

]]> By: SingleGuyMoney http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119333 SingleGuyMoney Tue, 09 Oct 2007 22:43:17 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119333 I almost bought at $400 but I thought it would not go much higher. You are right, hindsight is 20/20. I almost bought at $400 but I thought it would not go much higher. You are right, hindsight is 20/20.

]]> By: James http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119331 James Tue, 09 Oct 2007 18:52:43 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119331 Hey that's better than this one guy I know. A good family friend of ours, who is actually a pretty savvy investor and a VERY wealthy individual, thought that the Google IPO was a joke and obscenely overpriced. He shorted the stock and lost (presumably) hundreds of thousands if not more. Hey that’s better than this one guy I know. A good family friend of ours, who is actually a pretty savvy investor and a VERY wealthy individual, thought that the Google IPO was a joke and obscenely overpriced. He shorted the stock and lost (presumably) hundreds of thousands if not more.

]]> By: retro http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119330 retro Tue, 09 Oct 2007 18:13:14 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119330 ...there's only one google, hundreds of dot-bombs. …there’s only one google, hundreds of dot-bombs.

]]> By: thomas http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119327 thomas Tue, 09 Oct 2007 14:43:55 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119327 oh GOOG, how you mock thee! It's been an ongoing joke since the IPO with my friend about the growth of this stock. We are both in the search business, and were extremely high on it being successful, however just out of college we didn't have money. I played with the notion of getting a Credit Card Loan to buy some stock, but never went through. "Glad I didn't buy when it was $150" is how we greet each other on days like this. GOOG is a giant, and it is entirely reasonable that this stock moves even closer to (dare I say) 1k. However, there will be a fall as the numbers just don't add up. There is a GOOG bubble, it's just a matter of how long you want to ride and if you know when to get off. oh GOOG, how you mock thee! It’s been an ongoing joke since the IPO with my friend about the growth of this stock. We are both in the search business, and were extremely high on it being successful, however just out of college we didn’t have money. I played with the notion of getting a Credit Card Loan to buy some stock, but never went through. “Glad I didn’t buy when it was $150″ is how we greet each other on days like this.

GOOG is a giant, and it is entirely reasonable that this stock moves even closer to (dare I say) 1k. However, there will be a fall as the numbers just don’t add up. There is a GOOG bubble, it’s just a matter of how long you want to ride and if you know when to get off.

]]> By: Jeremy http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119325 Jeremy Tue, 09 Oct 2007 14:26:56 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119325 I kick myself when I think about Google stock. I was VERY close to pulling the trigger on the first day of trading, but something kept telling me that it was more hype than anything, and it wouldn't sustain the high price. Then a few months go by, a year, and longer... and I wish I would have bought even 10 shares. Oh well, that is the way the cookie crumbles. I'll have to settle for owning some of it in a few of my mutual funds. I kick myself when I think about Google stock. I was VERY close to pulling the trigger on the first day of trading, but something kept telling me that it was more hype than anything, and it wouldn’t sustain the high price.

Then a few months go by, a year, and longer… and I wish I would have bought even 10 shares. Oh well, that is the way the cookie crumbles. I’ll have to settle for owning some of it in a few of my mutual funds.

]]> By: franco http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119324 franco Tue, 09 Oct 2007 14:11:50 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119324 In the case of GOOG. The stock has always been inexpensive in valuation comnpared to their peers. I have been hopping in and out of the stock at various price points for sometime. My final position was bought at $454 since it's P/E was lower than say Amazon.com, but the forward growth rate was relatively high. So come on $700, I am waiting!!! In the case of GOOG. The stock has always been inexpensive in valuation comnpared to their peers. I have been hopping in and out of the stock at various price points for sometime. My final position was bought at $454 since it’s P/E was lower than say Amazon.com, but the forward growth rate was relatively high. So come on $700, I am waiting!!!

]]> By: klerg http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119322 klerg Tue, 09 Oct 2007 13:54:28 +0000 http://www.consumerismcommentary.com/2007/10/09/google-or-why-ill-never-be-good-at-stock-predictions/#comment-119322 While I was a nay-sayer on Google's stock, I still believe that will go down someday and go down hard. I have a tech mutual fund that has 4.08% of it's dough invested in Google and I myself am comfortable own that much of the company's stock. While I was a nay-sayer on Google’s stock, I still believe that will go down someday and go down hard. I have a tech mutual fund that has 4.08% of it’s dough invested in Google and I myself am comfortable own that much of the company’s stock.

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