actually I am watching our local NBC 7/38 news and the market analysis. The stock of Google has gone way up within a day. It's unreal.
04/22 09:35 NASDAQ N-Mkt Currency: USD Industry: Web Portals/ISP Price 221.180 Change 16.960 % Change 8.305 Bid 221.180 Ask 221.180 Open 222.905 Volume 5,361,302 High 224.000 Low 218.270 52-Week High (04/22/05) 224.00 52-Week Low (08/18/04) 85.00 1-Year Return N.A.% http://www.bloomberg.com is a good source 24hours/day
I'm actually learning more about everyday business here than seo. Like Spock used to say: "Fascinating!" Thanks.
When a company has 600% earnings growth compared to same quarter last year, P/E means next to nothing. Also, they beat analyst predictions handily. That means their future earnings estimates are probably too low. People on SEOchat were talking about short-selling Google stock last year, I tried to talk them out of it. Hopefully no one did. You just don't short momentum stocks, period.
Relax, buddy. I didn't say it was a bad stock. I just said that their P/E was getting high. And it is.
Sorry, didn't mean to come off as rude. The P/E is high compared to some other stocks. However, no other huge companies are producing revenue and earnings growth like Google is right now. Check out Redhat if you want to see a ridiculous P/E, 229 or something currently. RHAT is the symbol.