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02-01-2006
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#1 |
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Officially Tired of retirement
Join Date: Dec 2003
Posts: 296
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Re: stock marker will fall out of bed tomorrow
Yep, the P/E is way high - but that's all priced-in speculation that Google will continue to increase earnings substantially. They were up 80% again last quarter - it just wasn't enough to please the market. But that's good. It's needed a pull back. I just wish the Bears would pull it back a lot more but the Bulls are still quite behind Google. It may rise for a while before the proper correction occurs. At $320 I would buy Google - at $350 - hmmm... maybe - any higher? No.
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