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Google Finance, Govt, Policy and Business Issues Forum

    
Google Stock Hits New High
Finishes almost 50% above IPO price
EquityMind




msg:1236234
 2:24 am on Sep 29, 2004 (gmt 0)

Largest single day percentage gain:

[biz.yahoo.com...]

EquityMind

 

loanuniverse




msg:1236235
 6:08 pm on Sep 29, 2004 (gmt 0)

Yeph, I feel kind of sad at having sold mine for a measly 24% return. On top of that, I lost a couple of percentage points in the stock that I bought with the sale proceeds.

I think that it does not matter if you think a stock is overpriced or not, I think it matters what the other people think and do with their money.

MovingOnUp




msg:1236236
 3:42 am on Sep 30, 2004 (gmt 0)

It also hit $135.02 briefly today, just over the top end of the initial estimated range.

Another encouraging factor is that the increases are coming on high volume, indicating that the buyers far outweight the sellers.

I've been a big bull. Google has had many positives in the past month and a half, and has a very attractive potential for the long-term. The short-term is always a crap shoot. I think much of the good news has already been factored in now, and am much less confident of short-term gains. I've lightened my load a bit, but am still in for the long term. I still think it could easily double or triple in the next five years. There'll be a lot of fluctuation between here and there, however, plus a good deal of risk.

loanuniverse




msg:1236237
 6:15 pm on Sep 30, 2004 (gmt 0)

MovingOnUp:

I agree with your take. In fact, if the stock dips to the 90s after November 15 (I have to wait until Microsoft goes ex-dividend), I am going to get back in and forget about it for a couple of years.

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