When Google‘s stock was first offered, people were saying it would go to $200. I didn’t buy. I didn’t think there was any way the stock would get that high.
When it hit $200, they were saying the target price was $300. No way, I thought. It hit $300, and they were talking about $400, and when it hit $400, all the discussion was about $500. I thought it would never happen, but it did. $600 came next, just yesterday, and already I’m hearing $700 is a reasonable target.
Hindsight is 20/20.
Image credit: Yodel Anecdotal
Updated January 16, 2010 and originally published October 9, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.