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Cash – At the end of the quarter, Google had a cash, cash equivalents and short-term investments balance of $1.86 billion.
Revenue generated on Google’s partner sites, through AdSense programs, contributed $384.3 million, or 48 percent of total revenue
Although I think that would be a bullsh..t statement, sometimes you are bound to draw conclusions like that, I certainly would have...
And then again: who buys my shares anyway ;-)
if any of you can see the live trades, have a look, it's mind boggling.
Ain't that the truth. Over 10 million shares traded in less than an hour. This will probably be a record day.
I like to watch to see what the market is doing when big lots are going through versus when they aren't. It gives you a good idea of what the funds are doing versus what the masses are doing. Currently, GOOG is going up with the big lots and drifting down without them. That tells me that the funds are still buying and the masses are profit taking. The profit taking will end soon and the pressure from both the funds and the masses will be upward once again.
Over 10 million shares traded in less than an hour. This will probably be a record day.
Over 22 million shares traded now, breaking the opening day record. And the day's only half over.
GOOG is now at $179, up $30 for the day. Two analysts raised their estimates to $200 this morning and one to $190.
If this keeps up, even I am going to think it's too high. ;)
UPDATE: I'm out at $179.99. I'll probably regret this (then again, what's to regret about a 75% profit in 2 months?), but at least I'll be able to get back to work and quit watching the Level II quotes. ;)
[edited by: MovingOnUp at 4:54 pm (utc) on Oct. 22, 2004]
Personally, I'm projecting a price anywhere from $100 to $300 over the next year or two. That's the main reason I sold Friday--even at the top end of that range, I can find better returns than that elsewhere. The other reason I sold is that this spike was driven largely by momentum day-traders. They drove it up. They'll drive it down. I think it'll be a while before GOOG goes past $180 again. I think it's just too much of a gain to hang on to. I could be wrong, though. It might have the strength to continue rising in the short term.
I never knew that pill capsules were coated in gelatin, soon they won't be.
Just to be remotely on topic, I don't see what google's advantage is nowadays in search?
i know if i wanted to see how much "news coverage" a company got, Yahoo is quicker to index news and has more depth.
That's what I was thinking in 1999. Now I know better.
$15 is about as likely as $1500. Neither is going to happen. Analysts are projecting a $3.36 EPS next year. At $15, that would be a P/E of under 5.
What is so rediculous about that? If Google is peaking now then a forward PE of 5 is not unbelievable. Why do you think they are doing an IPO? They don't need the money, so it must be because they are cashing in at the peak.
You said it best earlier: "There are just a lot of idiots who don't understand how the stock market works."
To me Google looks rediculously over valued but nobody can say when the market will come to its senses. If the price goes to 250$ I may be tempted to buy those puts though :)