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Jesus.. Should I buy some GOOG?

H

hevnsnt

Lifer
I know the whole buy low sell high, but google is on the run.. People are saying that it could hit $500 in 12months.. It is currently at $410

Should I buy some?
 
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
 
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I know, it is just hurtin to burst, but I don't see it happening any time soon
 
how many shares could you really buy? it's all about quantity, and even 100 shares of that would be $41,000, and if it hit $500, that would be a net profit of ~$9,000. worth it if you can tie up ~$40G's for a year or so.
 
He is the first analyst out of 22 who follow the company to suggest a $500 price target -- with his colleagues predicting shares between a range of $255 to $475, according to Thomson Financial.
Click to expand...

Your OP said "people", this is just one analyst...
 
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I will bet you that goog will be over $450 by Christmas.

My bet is: $100 US.

If you can match let me know in this thread. We must be able to pay whomever wins via PayPal.
 
Originally posted by: edprush
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I will bet you that goog will be over $450 by Christmas.

My bet is: $100 US.

If you can match let me know in this thread. We must be able to pay whomever wins via PayPal.
Click to expand...

I'm not going to make that bet because anything can happen. My argument is that the price can fall just as fast as it can rise. With a price right now of 400+, if it falls, it has a lot of room to fall. It's not like a 30 dollars/share falling 30% to 21 a share. This is a 400 dollars/share falling the same 30% to 280 dollars/share.
 
Originally posted by: rmrf
how many shares could you really buy? it's all about quantity, and even 100 shares of that would be $41,000, and if it hit $500, that would be a net profit of ~$9,000. worth it if you can tie up ~$40G's for a year or so.
Click to expand...

yes,it's all about quantity, but not quantity of shares, but quantity of investment. if he invested $10000 for only 20 shares and it grew 20%, he'd be up $2000. if he took $10000 and bought 10000 shares of a $1 stock and it grew 20%, let's see... he'd also be up $2000.
 
Originally posted by: robothouse77
it's way, way, way too late man.
Click to expand...

for every share being sold now at $410, there's someone buying at $410. so for every person who thinks it's peaked out, there's someone who thinks there's still room for growth!
 
Originally posted by: tfinch2
Originally posted by: edprush
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I will bet you that goog will be over $450 by Christmas.

My bet is: $100 US.

If you can match let me know in this thread. We must be able to pay whomever wins via PayPal.
Click to expand...

I'm not going to make that bet because anything can happen. My argument is that the price can fall just as fast as it can rise. With a price right now of 400+, if it falls, it has a lot of room to fall. It's not like a 30 dollars/share falling 30% to 21 a share. This is a 400 dollars/share falling the same 30% to 280 dollars/share.
Click to expand...
There must be a lot about the stock market I don't understand. If you have $10,000 invested in either $30/share or $400/share, a 30% drop in share price should hurt equally bad. The end result of both situations is that your total value in the company has dropped to $7,000.

Not that I encourage somebody to invest in Google, I'm just asking. What am I missing?
 
Originally posted by: KnightBreed
Originally posted by: tfinch2
Originally posted by: edprush
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I will bet you that goog will be over $450 by Christmas.

My bet is: $100 US.

If you can match let me know in this thread. We must be able to pay whomever wins via PayPal.
Click to expand...

I'm not going to make that bet because anything can happen. My argument is that the price can fall just as fast as it can rise. With a price right now of 400+, if it falls, it has a lot of room to fall. It's not like a 30 dollars/share falling 30% to 21 a share. This is a 400 dollars/share falling the same 30% to 280 dollars/share.
Click to expand...
There must be a lot about the stock market I don't understand. If you have $10,000 invested in either $30/share or $400/share, a 30% drop in share price should hurt equally bad. The end result of both situations is that your total value in the company has dropped to $7,000.

Not that I encourage somebody to invest in Google, I'm just asking. What am I missing?
Click to expand...

I guess I just worded that wrong to get my point across, but I'm still standing behind my statement that a 400+ dollar/share stock can fall faster and further than a 30 dollar/share stock.
 
What is that? 22 cent gain for a dollar share?

I guess that won't be too bad of a return but too risky 🙂
 
Originally posted by: tfinch2
Originally posted by: KnightBreed
Originally posted by: tfinch2
Originally posted by: edprush
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I will bet you that goog will be over $450 by Christmas.

My bet is: $100 US.

If you can match let me know in this thread. We must be able to pay whomever wins via PayPal.
Click to expand...

I'm not going to make that bet because anything can happen. My argument is that the price can fall just as fast as it can rise. With a price right now of 400+, if it falls, it has a lot of room to fall. It's not like a 30 dollars/share falling 30% to 21 a share. This is a 400 dollars/share falling the same 30% to 280 dollars/share.
Click to expand...
There must be a lot about the stock market I don't understand. If you have $10,000 invested in either $30/share or $400/share, a 30% drop in share price should hurt equally bad. The end result of both situations is that your total value in the company has dropped to $7,000.

Not that I encourage somebody to invest in Google, I'm just asking. What am I missing?
Click to expand...

I guess I just worded that wrong to get my point across, but I'm still standing behind my statement that a 400+ dollar/share stock can fall faster and further than a 30 dollar/share stock.
Click to expand...

It's because the stock market runs on emotion, not math. So people react when a share price gets that high, making rash decisions and makin the share price extremely volatile. The math is the same, but the chances of loosing 30% go up.
 
Originally posted by: Tick
It's because the stock market runs on emotion, not math. So people react when a share price gets that high, making rash decisions and makin the share price extremely volatile. The math is the same, but the chances of loosing 30% go up.
Click to expand...
This makes sense to me. Thank you for the clarification.
 
Originally posted by: tfinch2
Originally posted by: edprush
Originally posted by: tfinch2
Are you serious?

A stock priced that high has tons of room to fall back to reality. I love Google, but let's be logical here.
Click to expand...

I will bet you that goog will be over $450 by Christmas.

My bet is: $100 US.

If you can match let me know in this thread. We must be able to pay whomever wins via PayPal.
Click to expand...

I'm not going to make that bet because anything can happen. My argument is that the price can fall just as fast as it can rise. With a price right now of 400+, if it falls, it has a lot of room to fall. It's not like a 30 dollars/share falling 30% to 21 a share. This is a 400 dollars/share falling the same 30% to 280 dollars/share.
Click to expand...

I completely agree that it has much further to fall than to rise....but I say $450 by Christmas. I could be way off...if so, you could get $100.
 
Haha, I decided to be risky and I jumped while goog was at 395...yeah it was a pretty stupid decision even though I have made money. Definitely not a smart thing I did, but I just felt that since goog was such a new company that anything could happen. Funny thing is that when I bought it, two days it dropped to 378 (just my luck eh?) then all of a sudden it bounced back up. I only bought 8 shares 😛

I don't normally purchase stocks like this...just this once I wanted to be risky/stupid haha.

Hoping it will hit the $450 mark!
 
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