I guess we are back to the ole days of the internet ad scams when dweebs are paid to click on ads 24 hours a day...thus vastly inflating 'ad viewings' and vastly inflating the price tag of placing an online ad. Amazing how turd brains could fall for the same scam twice
looks like GOOG is leader of the scams.
the broker giving the $600 price target on GOOG sounds like the assinine broker that was giving a $600 price target on JDSU years ago. now JDSU is at $2.
Problem with GOOG is that there is an intense amount of greed on both ends of the game... first the 'privileged few' who sold their souls to get in on the IPO and now the psychotic shorts who piled on shorts and puts in massive fashion.
A poster on yahoo gives his opinion....
"
-Prior to taking GOOGLE public they sign on with an Investment Banker to handle the IPO.
-GOOGLE insiders get a huge slice of the shares, Investment Banker for the IPO gets a huge slice of the shares, and other large Investment Firms get a slice of the shares. Very little is left for the retail investor.
-GOOGLE starts to feed all kinds of stories and news out there. It is a deal with this company, buying $1B of AOL, a deal with Motorola, video, $300/$400/$500/$600 and then $2000 price targets are thrown out there etc...Welll folks eventually due to inflation and slow growth most stocks will hit the $2,000 mark if they don't go out of business and there were no splits.
-All along the way insiders are selling as much as they can, as fast as they can. The Investment companies are transferring these shares to retail investors who choose to purchase it or through 401-K's or Mutual Funds as fast as they can. Go ahead and review the insider ownership and what funds hold GOOGLE.
-When the insiders and Wall Street are done with GOOGLE and have made as much money as possible they will be gone and left holding the stock will be the retail guys through their 50 or 100 lot shares, 401-K's, and mutual funds.
-There will be no more news hype, no more price targets, and the stock will go down and will go down fast. The Wall Street Analysts will start to talk about the barriers to entry, no unique product line, competition and will not be using terms like price target and Web Ecosystems.
-There will be investigations, scandals, but most likely there will be no jail time for anyone because they have learned from the past to choose words carefully and basically GOOGLE and Wall Street will have done nothing wrong.
-But those that the received the last transfer of the shares, the last in line, the bag holders, will wonder what happened or if they should buy more at $25 or $15 or whatever GOOGLE's stock settles at within the next 5 years.
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