http://finance.yahoo.com/q/bc?s=GOOG&t=1y I could have bought around 50 shares a few weeks back at $600, I now hate seeing it as it shoots up when I could have bought some! What are your predictions?
They are going to go up for the next, probably year, but then people are just going to find fault with Google, because after all it is just a search engine. There stock is slowly going to fall since they wont be able to push out what they promise and to many people are going to start disliking the G because they might become to controlling over there search data etc. Probably the one biggest thing that will cause them to fall is giving out the search data on a particular search, or person who searched with them. At that moment people will stop trusting Google and move on. One possible down fall is another better search engine, because Google will either buy them up or just be out run, although I don't see that happening. On the other hand. Go Google, I wish I bought some shares at there IPO.
Very good thought. Of course at some point I think they will go down, but aprox when is the question And when their phone comes out...
And the current price now could sky rocket up in the next years to $3000 or something and then you would have wished you bought stocks now lol
Soon I think, they may have a 2:1 split. Where they half the price of the shares, but every one has twice as many. High stock prices are good for people who have already invested, but not for people who are trying to invest. For example if you had $10 and the stock price was $11 you couldn't invest in that stock so you wouldn't spend your money (this is bad for the company/stock market) where as if they split the price was $5.5 you could only buy one share still but you have spent money (which is good for the company). Its all swings and round abouts in the stock market game and nothing can be taken at face value or be depended on. Many people (such as my parents) bought into a scheme (can't remember what it is called) where they would get a company to invest in the stock market with there money. So they would get a big windfall/payout when they retire. Of course the stock market wasn't reliable enough and many people didn't receive what they were promised. Many I really should get back to work. That took me 10minutes to write.
lol...I quit reading the entire thread when I saw "it's just a search engine". Anyway, it's pretty insane right now. I read on Shoemoney's blog that he bought $250,000 when it was $100.01 a share and he still has that stock. Someone do the math for me.... Anyway...it will continue to go up
It is not just their stock price that is amazing; it is the size that they have grown to in less than a decade. Google is now in the Top 5 most valuable companies just behind AT&T and rapidly closing on Microsoft. That is incredible! ~VegasMack