Google and Oil are the only things up!

It seems that there are two things going up in price, Oil and Google

Every other market seems to be falling, even the Meteorite market is crashing back to earth.

http://meteoritehunters.blogspot.com/

Buy low sell high is the rule in investing

Should we go long on Meteorites and sell short Oil and Google

 

Actually.. its a rule for almost everything

 

Of course goggle is up again, they just unveiled another way to RIP OFF publishers!

 

After my last attempt with adwords.... I really gave up on it. I even replaced Adsense some 1 year ago because of the dropping profits....

 

Guess I won't be renewing my AC Stockwatch Newsletter this year.

 

Yep... I remember that too

http://forums.digitalpoint.com/showthread.php?t=734

 

I guess everyone is wrong at least once!

 

Well they have a valuation that is sky high, look at their PE, it is the Wall Street game, Yahoo went from 20 bucks to 250 and back to 7 after the dot com bust.

Does anyone really know what Google market capitalization is at this time and what their PE ratio is?

 

$66B?

88 p/e?

 

Anyone see this article?

http://news.zdnet.com/2100-9595_22-5680097.html?tag=zdnn.alert

Google has what Wall Street calls "first mover advantage" they also have one of the top "Brand Names" and are the #1 player in their sector.

The question is when will the sell off start and when will Wall Street traders start shorting the stock?

http://www.marketwatch.com/tools/quotes/profile.asp?siteid=yhoo&symb=GOOG&dist=yhoostoryprofile

If anyone is interested in doing some research on Google valuation use the keywords in the following search on other engines to pull articles.

http://vivisimo.com/search?v:sources=Web&query=Google+valuation+market+capitalization&x=50&y=14

Google Stock Stats 4/25/2005

Close $ 223.53

Change:
+7.72

Open:
217.82

High:
224.74

Low:
217.52

Volume:
19,861,020

Percent Change:
+3.58%


P/E Ratio:
153.10

52 Week Range:
95.96 to 224.00

After Hours Trading
4/25/2005 6:29:00 PM

Last:
224.10 Change:
+0.57

Volume:
112,855

 

Don't forget Shawn that they had to reduce the price of the offering just to get it off, you do remember they tried to come out at $135.00 and had little demand and had to reduce the price to $85.00.

There was a reason for that and it was valuation.

Wall Street pushed the stock up because it is one of the only plays in town in a market that has gotten hammered since 2000.

Google is one of the few bright lights out there and all of Wall Street has jumped on the bandwagon.

That does not mean that they will keep riding the train and Google must keep performing or they will never be able to keep the current valuation or market capitalization.

GOOG 223.53 +7.72 +3.58% Vol:19,861,020 4:00pm 04/25/05
After Hours 224.10 +0.57 +0.25% Vol:112,855 Last:6:29pm 04/25/05


Average Recommendation: BUY Average Target Price: 256.56

Number of Ratings: 27 Current Quarters Estimate: 1.09

FY Report Date: 12 / 2005 Current Year's Estimate: 4.55

Last Quarter's Earnings: 1.29 PE on CY Estimate: 49.15

Year Ago Earnings: 2.73 Next Fiscal Year Estimate: 6.09

PE on Next FY Estimate: 36.72


Most Recent Analyst Recommendations


4/22/2005 Standard & Poor's Ups price target to $300 from $260


4/22/2005 First Albany Ups price target to $283 from $250


4/20/2005 RBC Capital Markets Outperform Sector Perform Says Yahoo results suggest global search revenues are up mid-teens this quarter sequentially; ups price target to $230 from $200


4/5/2005 Lehman Brothers Overweight Equal Weight Cites valuation, strong fundamentals, cash generation from its search business and greater international adoption of search benefits which benefit it disproportionately


3/14/2005 Smith Barney Discontinues coverage due to departure of analyst; last rating was 'hold' with $210 price target

 

A hell of a lot of great companies get hit by selling panics, Google will be no exception to that rule.

It is a matter of time before traders take short positions then get on TV and start bad mouthing the stock to make big money on the down side.

That is the way Wall Street works, they all push stocks up at the same time by going long, then they take short positions and trash them so they make money on the downside also.

Latest Insider Transactions

Robert A. Eustace 6,795 Open Market Sale 04/18/2005
Officer

Lawrence Page 43,867 Open Market Sale 04/18/2005
Officer, Director and Beneficial Owner

Lawrence Page 135,000 Exercise of Stock Options 04/18/2005
Officer, Director and Beneficial Owner

Lawrence Page 39,133 Open Market Sale 04/18/2005
Officer, Director and Beneficial Owner

Lawrence Page 52,000 Open Market Sale 04/18/2005
Officer, Director and Beneficial Owner

 

People in the know are selling

04/06/2005 SERGEY BRIN
Officer, Director and Beneficial Owner 67,570 GOOG Open Market Sale
proceeds of $12,760,324.61


Insider data provided by Thomson Financial

 

Just out of curiosity AC (since I know you will know this), what percentage of Sergey's total stock holdings does that sale represent?

 

Not much, executives do it to diversify their personal wealth and to lower risk in case of a large decline in their holdings.

 

i *believe* my site will do well......ok so everyone invest in me! hahah j/k worth a try?

 

Thanks AC. I was just curious if you knew off hand how much of his holdings it was. I am sure baby needs new shoes. And, if he is going to keep up with the Joneses or the Allens for that matter (have you seen Paul Allen's Octopus?) then he needs to sell some stock.

 

You never know, just keep presenting your site and maybe the right person with money will invest Newsgirl.

All you can do is put your best foot forward and hope

Either that or just work hard and maybe your sites will provide their own cash flow soon

PS: Chachi it is easy to figure out, just look at public reports on "GOOG" and or SEC documents and they will show the shares all insiders hold, you will find that if Larry and Sergey hold 6 Billion worth of Google stock each at it's current price then the sales were in fact small one's.