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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (62129)	4/17/2005 10:51:48 AM
From: Moominoid	Read Replies (1) \| Respond to of 74559

I really wouldn't do that. Forward P/E is 36 and people think they can do no wrong. Also I think the market will go up over the next few weeks at least.

To: Taikun who wrote (62129)	4/17/2005 12:28:09 PM
From: shades	Read Replies (1) \| Respond to of 74559

Every fiber in my being tells me there is no way GOOG can justify its capitalization - just like it told the guys at KL financial who shorted it at 160 - but they are broke now running from the law and probably gonna serve lots of jail time when/if they get caught. You can't bring logic to this game, that is like trying to tell your wife that her hips really starting to stretch that dress - while true and logical - it is going to get you BURNED. The momentum of mass psychology must be considered - foolish as it may be a famous man once said the markets can remain irrational longer than you solvent - my redneck friends buy WWE cause they like goldberg and buy GOOG so they can have some of that darn internet - what does profit and loss have to do with their decision - NOTHING - it gives them water cooler talk while they drink a coors. Can GOOG get to 330 by Jan - I wouldn't believe it in a million years, could GOOG get to 200+ from it's IPO - I wouldn't have believed that in a million years either and I would have been wrong. Where a few fund guys choose to stick the many billions they have been given to manage from the working class is hard to predict sometimes. I have redneck friends that had 500K-1 mil accounts they turned over to a professional, after enron and worldcom and others they are broke now but the last few dollars they have left they are buying some coors, a few lottery tickets and a couple shares of GOOG and WWE - explain it to me??