Comments | jurph: wootle

jurph

wootle

Oct 21, 2005 09:26

Okay, so my current job sucks. On the other hand, my shares in Google (NASD: GOOG) are up almost $40/share today. Okay, sure, the internet is falling apart. But... but... GOOGLE!

Also, my loyalty to Google has been slightly altered. In the immortal words of Sean, "Blingo are Google more plusser." I still Google for most things, but ten times ( Read more... )

google, silver lining, sunshine

Comments 2

enth October 21 2005, 16:14:42 UTC

So, let me get this straight. Google reported a quarterly profit of $1.32 per share, which would be pretty decent performance from a $50 stock, yeah ok. But, but, the report pushed their stock price from $303.20 all the way up to $339.88. HA HA HA RETARDED.

I mean, that is the kind of real P/E you might have seen out of Enron, had sarbanes-oxley been in place while they were flying. Which is no disrespect to Google, but come on, investors expecting to see $10 per quarter or whatever earnings could possibly justify that stock price are living in dreamland.

Congrats on buying it low though :-)

jurph October 21 2005, 16:22:54 UTC

...now all I have to do is sell high.

I was honestly considering selling it Monday. It's probably going to "settle" at about $325 and then cruise back down to $310 before the next earnings statement, at which point a good-news story will nudge it to $350 (which is still ridiculous). All of its moves are in the week surrounding earnings day.