I look forward to GOOG leaving from being valued more than EBay and is able to match Ebay+Yhoo, and then get close to JPM.
I remember when folks thought CSCO should be worth more than S.E.Asia.
Isn't the knowledge economy wonderful. And folks get amazed by flower bulbs.
Since I am prepared to add to bets against madness, I cheer on GOOG to leave expensive territory and approach fantabulously rich space
On the Humvees, competition makes all humvees cheaper.
I think the GOOG situation is even funnier than the earlier Cisco episode, when Cisco was approaching entire market cap of fair sized and not terribly unhealthy nations
The day we do not sell is the day we bought, and so i remain not bought; feeling quite safe, as in expecting no margin calls and ready to short more, after a measured pace of not buying.
I think of these wagers as carrots, not on a stick, but in the garden. I plant today to harvest tomorrow, as long as no one dig up the seedlings in the mean nasty time.
Between the following alternatives, which would you advise CNOOC to do:
BUY ...
(a) 16% of Chevron
(b) 20% of Google
(c) 34% of QCOM
(d) 36% of Yahoo
(e) 40% of EBay
(f) All of Unocal and supply energy to a growing 3-D world, and leverage 1:1, and buy All of NEM and supply monetary base to a collapsed Re-fi world
My only worry about GOOG, as was my worry about AOL, was the danger that it may issue new shares and buy NEM.
I also worry that the analysts, if you can call them that, will issue recommendations on EBay and Yhoo, for being under-valued relative to Goog. On this I actually am not really worried, because they will do it. Never worry about what will inevitably happen, just be prepared to do something about it.
Chugs, J |
