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Anyone own Google stocks??

Not bad. Anyone buying the stock took a huge risk, but it paid off this time.

I prefer to save myself stress and effort, and bet on 500 different stocks at once buying S&P 500 mutual fund shares like Vanguard.com's VFINX. I'd rather get a steady 8-10% return with almost zero risk than put it all on black for double or nothing.
 
Originally posted by: dragonballgtz
Originally posted by: FoBoT
i own 42,000 shares






hahahahahahaha

This might be a dumb question but, how much did you pay to get them?

<-----Does not know the Stock Market good.

I'm pretty sure he's kidding, unless he had $3.5 million dollars to invest. then seriously

:beer:'s on him

IPO was $85 I believe if you were lucky enough to any.
 
Originally posted by: dragonballgtz
Originally posted by: FoBoT
i own 42,000 shares
hahahahahahaha

This might be a dumb question but, how much did you pay to get them?

<-----Does not know the Stock Market good.
Initial Public Offering price was $80-90 if I recall correctly, so FoBoT spent at least $4 million when he phoned in the order from his yacht while Jessica Alba and Lindsay Lohan were rubbing sunscreen on his back.

Then he woke up.
 
Originally posted by: z0mb13
damn its like 1997 all over again..



jim cramer hhyped this on his show last night

difference is google is making money, a lot of it. He said Yahoo and Ebay are at 53 P/E ratio

Right now Google is predicted to make $5 a share for 2005. At 53 PE that is $265 a share.

With yesterday's earnings he thinks it may make $6 a share. That is $318 per share.

Unlike Amazon going to $400, this is based on real math.
 
Originally posted by: DaveSimmons
Not bad. Anyone buying the stock took a huge risk, but it paid off this time.

I prefer to save myself stress and effort, and bet on 500 different stocks at once buying S&P 500 mutual fund shares like Vanguard.com's VFINX. I'd rather get a steady 8-10% return with almost zero risk than put it all on black for double or nothing.

heheh.. how is that working out for you so far this year? -4%? around there?
 
Be careful though, it's still a high-risk investment. Ad revenue is doing well, but some of the money is from scams (free ipod, bot clicks, surfscammy) and from high keyword rates that could collapse if buyers aren't getting enough return from the clicks.
 
Originally posted by: Nimloth
Originally posted by: DaveSimmons
Not bad. Anyone buying the stock took a huge risk, but it paid off this time.

I prefer to save myself stress and effort, and bet on 500 different stocks at once buying S&P 500 mutual fund shares like Vanguard.com's VFINX. I'd rather get a steady 8-10% return with almost zero risk than put it all on black for double or nothing.

heheh.. how is that working out for you so far this year? -4%? around there?
Heh, but I'm buying for the long term, and I've made well over 10% annual growth buying in the post-bubble years. Even the shares I bought last August are up around 10%.

The dip this spring is just a good time to buy, not a disappointment to me 🙂

 
I dunno how anyone expects Google to sustain it's growth rate. With that said, I don't think the price will come down anytime soon consider Money Managers love it and there are barely any shares to go around.
 
Originally posted by: FlyLice
I dunno how anyone expects Google to sustain it's growth rate. With that said, I don't think the price will come down anytime soon consider Money Managers love it and there are barely any shares to go around.



they have a lot of good ideas, and I imagine they have some secret plan to make money off it.

they used to be just a search engine. Now they have email and they are expanding into other search categories like indexing entire libraries. I read somewhere that the theory is that Google wants to be an online service that does everything for someone. Almost like Larry Ellison dreamed in the 1990's and what MS tried to do with passport. Only people have no second thoughts having a google account for everything.
 
Originally posted by: alent1234
Originally posted by: z0mb13
damn its like 1997 all over again..



jim cramer hhyped this on his show last night

difference is google is making money, a lot of it. He said Yahoo and Ebay are at 53 P/E ratio

Right now Google is predicted to make $5 a share for 2005. At 53 PE that is $265 a share.

With yesterday's earnings he thinks it may make $6 a share. That is $318 per share.

Unlike Amazon going to $400, this is based on real math.

PE ratio of 53 is incredibly high..

 
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