Just read the news of google share price break $600. On the first day of trading in 2006, analyst Safa Rashtchy from Piper Jaffray predicted Google to reach $600. I remember reading an article how some analysts are skeptical about the prediction but i cant find the article... Now some analyst predict Google share will reach $700 by end of 2008. A screenshot i took just now.
I wouldn't touch it as high as it is right now unless I had a lot of money to burn. I'm not necessarily saying it'll drop significantly, but in my humble opinion your potential risk is exorbitant with a price that high in this market.
IPO price on August 19, 2004 is $85.00 before 2005, price is over $190 mid 2005 reach $300 two years later now... price is doubled. i just took a quick peep... it is now $609 it is really scary that it is rising high... and hard to anticipate when will it burst. Not a good thing for us webmaster if google bubble burst. yeah. if i have the money, i wont play with such high priced shares. it is not worth the risk.
wow. I remember that people where like its never going above 400 when it dipped to 350 due to a correction. Now 600. wow. what will be next 1000. The beast continues to grow.