xooglers.blogspot.com — "it has always been a bit of a mystery to me why anyone bought Google's stock, let alone paid $470 a share for it not so long ago" ... "But I am, and always have been, puzzled by people's willingness to pay these exhorbitant prices for Google" ... "But the stock has always seemed to me like a bad deal. Let me explain...."
Mar 11, 2006 View in Crawl 4
4vectorMar 11, 2006
I've used digg for all my portfolio advice. i don't understand why I'm in the hole. s**t
multivariateMar 11, 2006
If you are looking at Google stock from an efficient market theory perspective, the blogger's analogy is perfect. The main reason Google trades so high is because there is the speculation that Google will continue to grow at a similar rate for the near future, and there will be someone else to offload your stock on later, for a higher price. However, that type of investing is dangerous, and leads to a lot of very sorry investors in the long term. People are banking now, but eventually someone is going to be caught holding the bag.
bacon_skodaMar 12, 2006
Airline? what does Cramer say about airlines??Also, what's wrong with a company that grows like heck and dosen't even have to advertise?(yet all it does is advertise, ironic)
Closed AccountMar 12, 2006
Here's a totally off-topic statement not related to this article whatsoever but it's really been getting on my nerves lately and I found a text box so I thought I might as well use it. Why does it seem like people are getting worse and worse at spelling? I scroll through the posts and see 7 blatent errors in 5 seconds. And digg even provides a spell check that I always accidentally click instead of 'Submit Comment'! Sorry it's been getting to me a lot lately and Mr. Text Box was right there to alleviate me. Continue your ranting or debate or whatever I interrupted.
bacon_skodaMar 14, 2006
it's because he doesn't understand it. He doesn't invest in something he doesn't understand. that's the message.