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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.
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.