money.cnn.com— Yes, the stock price has slipped from heady highs, but Fortune's David Kirkpatrick argues that Google has all the tools necessary to survive and thrive.
Nov 18, 2007View in Crawl 4
The strength of the AUD vs the USD won't help you with stocks. What you'd have to do is purchase the stock over the counter (OTC) at an exchange in Australia. There you get into trade execution problems (you're probably sleeping in Oz while we're trading Apple stocks in Yank land), and volitility issues (the stock may go up, the AUD may go down, how do you do the math and keep it straight). Unless you've got an army of bean counters and a phat bank roll to play with (and notwithstanding any regulatory issues over there), playing with foreign stocks is usually a bad idea. What you want to do is look for a pure play. That is, take advantage of Apple's economic growth, but do it in your own domain. Telstra, which today took a huge dip after being told to charge less, is a bargain right now. Recall that back in February, Telstra told Apple to go pound sand with their iPhone. Their iTune has recently changed and they're now 'in talks' (aka, begging) with Apple to be the Australian provider for service and product on the iPhone. If the iPhone sees the kind of success in Aussie land it saw in the UK, then you can probably expect a few million units to ship and at least 75% of those to go live on Telstra. Helloooo market share.
Same here :DI thought it was something like "google's offline, they're rolling out new stuff, buy stocks"Kinda like the guys at TUAW.com get all excited whenever the apple store is in maintenance. :-)
hammerattackNov 20, 2007
The strength of the AUD vs the USD won't help you with stocks. What you'd have to do is purchase the stock over the counter (OTC) at an exchange in Australia. There you get into trade execution problems (you're probably sleeping in Oz while we're trading Apple stocks in Yank land), and volitility issues (the stock may go up, the AUD may go down, how do you do the math and keep it straight). Unless you've got an army of bean counters and a phat bank roll to play with (and notwithstanding any regulatory issues over there), playing with foreign stocks is usually a bad idea. What you want to do is look for a pure play. That is, take advantage of Apple's economic growth, but do it in your own domain. Telstra, which today took a huge dip after being told to charge less, is a bargain right now. Recall that back in February, Telstra told Apple to go pound sand with their iPhone. Their iTune has recently changed and they're now 'in talks' (aka, begging) with Apple to be the Australian provider for service and product on the iPhone. If the iPhone sees the kind of success in Aussie land it saw in the UK, then you can probably expect a few million units to ship and at least 75% of those to go live on Telstra. Helloooo market share.
kermit4karateNov 20, 2007
People have been saying Google was overpriced since it was $90/share, but those who didn't listen have made 500%.
sparcherNov 20, 2007
Same here :DI thought it was something like "google's offline, they're rolling out new stuff, buy stocks"Kinda like the guys at TUAW.com get all excited whenever the apple store is in maintenance. :-)
Closed AccountNov 20, 2007
and now is the time to make another 500%? to the moon!
89992Nov 20, 2007
People said the same thing when it was passing the 300s??? Is that not true?