Hebel
enthusiast
Reged: 10/23/07
Posts: 389
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This stock just keeps going up...what is your target price? One analyst at credit suisse said 900, but thats a little high IMO.
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ahnuld
BBV Special Forces, Dreidel Squad
Reged: 05/12/05
Posts: 10945
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generally it depends on the reason you entered the stock. When buying its best to have some idea of what price you are willing to sell at in mind.
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Paragon
enthusiast
Reged: 09/16/04
Posts: 212
Loc: Maryland
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I'm clueless about analyzing companies, but when I think of a company with a "moat", Google immediately comes to mind. I'm also a programmer guy, so I guess that explains why I'm also interested in what others have to say about its prospects.
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rleidle
journeyman
Reged: 11/28/05
Posts: 73
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As a programmer I would say hold onto Google. Everything I read about their strategies and technology makes me believe that they are quickly becoming a juggernaut on the web in the sense that Microsoft is a juggernaut on the desktop.
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kimchi
veteran
Reged: 05/31/06
Posts: 1246
Loc: FU minbet
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Quote:
generally it depends on the reason you entered the stock. When buying its best to have some idea of what price you are willing to sell at in mind.
This is so true. People always concentrate on their entries but usually disregard their exits. Exits are more important than entries.
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pig4bill
Carpal \'Tunnel
Reged: 12/10/05
Posts: 2658
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Quote:
I'm clueless about analyzing companies, but when I think of a company with a "moat", Google immediately comes to mind. I'm also a programmer guy, so I guess that explains why I'm also interested in what others have to say about its prospects.
They really don't have a moat and their business model is easy to copy. It used to be that the search engine of choice was Lycos, then Yahoo, then everyone thought AltaVista would rule the world.
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dazraf69
old hand
Reged: 12/19/05
Posts: 1177
Loc: Bay Area
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One thing to keep in mind is that GOOG much like many other companies have had numerous times in the past when they were thought to be over valued by one and undervalued by another institution.
So a better question to ask you self is why do you want to sell this company? You haven't mentioned any other company so how is it after stating you "have no clue" how to analyze the worth of a company you hold this one? Is this your only investment? In other words, saying when to sell Google is fishing for a top. Many will tell you is a hopeless attempt and I have to agree.
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Hebel
enthusiast
Reged: 10/23/07
Posts: 389
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I bought at 670.99. It closed today at 676.70. I think I want to sell at somewhere in the 800 range, maybe play it safe and sell around 825.
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john voight
cleaning up after daddy
Reged: 04/16/06
Posts: 2653
Loc: SALAZARRRRRRRR
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when it tops IMO
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dazraf69
old hand
Reged: 12/19/05
Posts: 1177
Loc: Bay Area
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Quote:
I bought at 670.99. It closed today at 676.70. I think I want to sell at somewhere in the 800 range, maybe play it safe and sell around 825.
What is ur time frame and is this stock your whole portfolio? Your target price is $825 which is very possible but may take months or years. You also run the possibility of a greater decline in Google before it makes those highs. So asses how much tolerance you have for variance. Sorry but I do not think there is an easy answer ti your question.
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BradleyT
Carpal \'Tunnel
Reged: 12/01/03
Posts: 7087
Loc: Vote Ron Paul 08
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Quote:
I bought at 670.99. It closed today at 676.70. I think I want to sell at somewhere in the 800 range, maybe play it safe and sell around 825.
You kinda just picked a number out of the blue?
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Hebel
enthusiast
Reged: 10/23/07
Posts: 389
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[censored] [censored] [censored] [censored] [censored] A[POUBGQE[RWOUGQ[AHWREGQW
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johndenver
enthusiast
Reged: 04/03/07
Posts: 263
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IMO goog isnt that great
They have hired a crap ton of people that do who knows what, they release a ton of 'products', but the only one that has caught on is search ( perhaps gmail too ).
Google search was revolutionary at its time, but now it is not noticeably better than yahoo or ask.com, of course everybody uses google tho out of habit so that is worth something, but who knows when the next grad student will come along and revolutionize search again and google will be left behind.
Also Text ads are overrated imo, seriously, I think a large % of clicks on these are accidents or scams.
I think it's prospects for growth in no way justify a 60 PE, but whether to sell or not i dont know, its hard to predict the crowd
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gonebroke2
enthusiast
Reged: 12/21/06
Posts: 349
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Quote:
Also Text ads are overrated imo, seriously, I think a large % of clicks on these are accidents or scams.
Click fraud is rampant on all search engines. I think the new trend will be cost per action where the advertiser pays a fee after a certain action takes place, i.e. submitting email address or purchasing an item.
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technologic
2006 WSOP ME Final Tabler
Reged: 11/19/03
Posts: 3055
Loc: watching mussina sort of pwn
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some of you guys have a cursory if not ill-informed concept of google's business model...
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gonebroke2
enthusiast
Reged: 12/21/06
Posts: 349
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Quote:
some of you guys have a cursory if not ill-informed concept of google's business model...
just responding to his comment about click fraud, not about google's business model. stock has been a monster, no question about it.
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Jason Strasser (strassa2)
can have ANYTHING
Reged: 11/20/03
Posts: 4912
Loc: durham
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it just closed at 666, time to get out
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Foghatlive
addict
Reged: 10/29/05
Posts: 482
Loc: Manhattan
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Quote:
IMO goog isnt that great
They have hired a crap ton of people that do who knows what, they release a ton of 'products', but the only one that has caught on is search ( perhaps gmail too ).
Google search was revolutionary at its time, but now it is not noticeably better than yahoo or ask.com, of course everybody uses google tho out of habit so that is worth something, but who knows when the next grad student will come along and revolutionize search again and google will be left behind.
Also Text ads are overrated imo, seriously, I think a large % of clicks on these are accidents or scams.
I think it's prospects for growth in no way justify a 60 PE, but whether to sell or not i dont know, its hard to predict the crowd
Good post.
Another poster said that google is basically the Microsoft of the web. IMO, the difference between the two is that it's bigger deal for us non-techies to change Operating Systems as opposed to seach engines. If Google disappeared tomorrow, I'd just go to another search engine and type into that box.
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dknightx
Pooh-Bah
Reged: 04/28/05
Posts: 1702
Loc: not dmk
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you do know that even though advertisers on google get roughly 3-4% CONVERSION rate on their clicks, they (as advertisers) still make money?
Google probably has the BEST traffic out there (and the most as well). The only thing driving advertisers away is the bid price competition makes it expensive to advertise on google.
just my opinion, but i dont see google slowing down for a LONG time. A huge amount of advertising money is moving to the internet, and google will get a huge chunk of that every year.
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john voight
cleaning up after daddy
Reged: 04/16/06
Posts: 2653
Loc: SALAZARRRRRRRR
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http://moneycentral.msn.com/investor/invsub/insider/trans.asp?Symbol=US%3AGOOG
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WhiteKnight
*
Reged: 02/24/07
Posts: 316
Loc: omotive
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A couple weeks ago.
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ConstantineX
addict
Reged: 05/08/06
Posts: 658
Loc: Like PETA, ride for my animals
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Quote:
some of you guys have a cursory if not ill-informed concept of google's business model...
inform me
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Quercus
old hand
Reged: 08/25/04
Posts: 1067
Loc: Don't touch the hair.
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Quote:
Quote:
some of you guys have a cursory if not ill-informed concept of google's business model...
inform me
Google makes its money selling advertising alongside its search results.
They spend a bunch of money investing in other related and unrelated new technologies and products that have been lackluster in the market. There is no evidence that that paradigm is changing, regardless of how many Googlers they add ot the Googleplex to Google away.
Their advertising business is huge and growing, but it is also becoming better defined. We are a big advertiser in our particular space and we've seen advertising costs rise significantly over the last few years - which is all just additional cash going from us to Google. However, more recently, the increases have slowed as our particular slice of the web advertising world stabilizes.
Google will continue to grow its revenues in our slice, but I don't expect that growth to be as meteoric as it has been in the past.
No idea if what's true in our market is true in others, but nothing grows to the sky. No even Google.
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