Shares of Google, the popular search-engine company, surpassed the $300 level for the first time on Monday, sparking memories of the dot-com stock craze of the late 1990s.
Google (Research) gained 2.3 percent to finish at $304.10, slightly below its high for the day of $304.30. The stock has now gained nearly 260 percent since it went public last August at $85 a share.Much of the optimism surrounding Google comes from the fact that it is the leader in the white-hot online advertising industry. The company reported much better than expected sales and earnings for the first quarter, thanks to a booming market for online advertising, particularly ads tied to specific keyword searches.
And during the past few weeks, Google has released several new features—including a desktop search function for businesses and a test version of a personalized home page tool—that should help the company remain competitive against rivals Yahoo! (Research) and Microsoft (Research).
Source:CNN MONEY
OH yes, google is still a buy. I want to buy google stocks. Where can i get to buy it.
The stock is too expensive. I wouldn’t touch it, if I were you. But then … if you have enough money, and holding power, nerves and … (no more, otherwise you sue me, should you buy and lose)
Think twice, thrice or more!
Comment by Jasmine — 7/18/2005 @ 4:12 pm
People buy stocks for three main reasons.
1. They buy and resell immediately the price goes higher. Which is quite possible with the state of Google’s stock, right now.
2. As an asset. In terms of for future use, as in selling it out and using the change.
3. To gain control and have a say over a company. that does not apply to meagre stocks.
My reasons for saying i want google’s stock is for the first main reason, and yes the google stock price would go higher than the current price, i forcast that it would reach upto 500 USD. The demand currently is high and in the future coming months might go higher, especially when google introduces its e-purse. And demand is one of the factors that control the price of a stock. The more the demand, the higher the price goes.
Comment by kayode muyibi — 7/18/2005 @ 4:19 pm