I agree Google is a great company, but now is not the time to buy stocks period! Not even the great Google! I would at least wait until the election is over than start going over technicals again and see where the bottom resistance is.
In the 2 trading days since the OP, G has lost another 7% ($24.81 per share). So, $353.78 wasn't such a good deal after all. /*tom*/
LOL and neither with 300 flat or probably even 200. Google is going down big, just like everything else. I have a feeling that the bottom of the dow jones is gonna be somewhere around 5000 or a lot lower. Don't believe the crap you hear on tv from experts saying the bottom would be in the 8000's. They are so full of it, we went from over 10,000 to that in just 3 trading sessions. LOL
Some old advice - I believe from "Reminisces of a Stock Operator": "Don't buy in a bear market." Another piece of wisdom I heard is "only fools try to guess the market bottom." Just my $0.02...
I wouldn't even buy at $300 at this point. Anything looks like a great deal at the moment because they had a high of $700... Absolutely agree wit the above quote. Fabulous for the moment.
You can never guess the bottom but I would beg to differ on the "don't buy in a bear market". When everyone sells, it is the best time to pick up the shares if you have the staying power and are in a financial position to hold the shares for a long time. If you look at the returns, shares give the best value for the last 100 years compared to say treasury bonds or gold.
I agree. The time to buy is when the blood on the street is knee deep. G has support at $300. I'm a buyer at that price. It will take time for this recession to run its course, but if you can afford to tie some money up for a year or two, I think anything below $315 is a good price. /*tom*/
Its pretty safe to say that there are as many ways to invest as there are to skin a cat. Agree with you on the returns aspect. All I am saying is why swim against the current? Just wait a little until the current starts going in the direction you want, then buy. For example, look at Enron, and many other large companies. Folks bought their stocks when they swore they could not get any lower. Then, they rode them the rest of the way down. Money is made in the middle - not at the tops and bottoms. Of course, all this depends on your timeframe - it can radically change the reference points. A trend swing for me might simply be a minor correction for you, etc.
This recession isnt going to be a nice one as it will take another 1 year so... I think there is 1 or 2 more major companies that are going to go belly up and that wont help anyone stock. If i had to guess id say googles will bottom at $200 or high $100s then would be prime to buy again. thx malcolm
I love how some of you guys assume a stock will go up. 30 percent of stocks no longer exist from the 1980's Of course google won't go belly up, but the point is you can never assume anything. Look at yahoo and other tech stocks the last few years compared to what it was in the mid 90's. Playing stocks is risky no matter what. Betting on the future of tech stocks is REALLY risky.
I am talking more about a 100 year trend and the general direction of the stocks as opposed to any individual stocks. Of course there is risk, the higher the beta, the higher the rewards or the losses. No such thing as high gain low risk thingy in a transparent and efficient market. The markets aren't totally efficient but arbitrage seldom exist even in such markets.
Well as you can see since the last time this thread was active the stock has dropped a few bucks but nothing major todays is at $325.95. Today after the closing bell google will declare its 3/4 profits/loss and something many im sure will be watching. UPDATE: p0w! google is in the green http://www.mercurynews.com/business/ci_10737546?source=rss On a separate note: Seems microsoft still wants yahoo and may make another last offer being that their stock dropped down considerably and microsoft has like 32 billion in cash and can just write a check for 20 billion to buy them out laterz malcolm
It's funny how I got a reputation comment on my last post asking me who I think I am and that I'm a nobody and how I should fuck off when it's a fact that no one here knows how experienced I am in this matter. Also funny how there's no name attached to the comment. I guess it's even easier to bash someone on the internet when you don't even have to reveal your nickname. So Mr. X, show yourself and tell me how you think you are more experienced than I am. Or maybe you are just one more frustrated windbag who lost big in this crisis.