anyone else pick up some google after hours today?

[gotmilk]

10%ish....take it and run like fat kids to the local bakery.

 

[Devastation]

don't like to gamble when there are so many great growth companies out there without P/E's near 3 figures waiting for the inevitable hammer. I don't like to high five myself after each market close just for not getting my head chopped off. Put it this way, for this company to double two more times, it'd have to become the biggest company in the world, and if it somehow managed to miracously become the most dominant company in the planet, even if it did that TOMORROW, it would still be selling at a P/E above the market. why take a 50% downside risk for the chance to maybe double your money again from here. make your doubles the safe way, like midd and qsii did for me. that is, unless you all admit that you are gambling here, not investing. because this is the most peculiar type of investing I've ever seen in my life. if you're doing it for the thrill though, I do understand that. there is some value in that, just for the psychological excitement. it's one thing if you owned it from 100 or 200, because of tax implications, but to comtemplate a purchase here? you momentum guys must have balls and money to spare cheers. the rumors I've heard from wall street is that they all laugh to themselves about this thing. it's a search engine. it'll diversify, but you know what that will do. "slow" growth. do you know what's going to happen to this thing when growth "slows" to 50%? I don't know. nobody can predict the future. EXCEPT ME. mua. ha. ha

-Bran (jealous he didn't buy the day after the IPO).

taking advantage of a $60 to $80 dollar haircut for a good earning report, aside from the higher tax bracket, isn't gambling. it's realizing someone else is making a BIG mistake by panicking

also i don't know what momentum investing has to do with this particlur trade. it was just about being rational and observant when others were rushing for the exits

 

[bran987]

taking advantage of a $60 to $80 dollar haircut for a good earning report, aside from the higher tax bracket, isn't gambling. it's realizing someone else is making a BIG mistake by panicking

good earnings but you have to look at what base that haircut is coming from. That company was at over a 100 P/E. It grew earnings at 82%. It is back to a 90 P/E now. Rule of thumb, a stock's P/E should be around it's FUTURE expected growth rate. hmm. I don't expect 90% growth for much longer, if at all. It's a lot easier to double earnings from a base of $100 million/year than $1 billion/year. and it gets harder every time. It happened to Ebay, it happens to everyone. it'll happen to GOOG too.

also i don't know what momentum investing has to do with this particlur trade. it was just about being rational and observant when others were rushing for the exits

Being rational and observant is picking off a stock that ware fairly valued when it gets hit and is selling at a steep discount to its intrinsic value.

What you are describing is "The Greater Fool Theory"

When acting in accordance with the greater fool theory, an investor buys questionable securities not with any regard to their quality, but with the hope of quickly selling them off to another investor (the greater fool), who might also be hoping to flip it quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff.

Your bet paid off and you made money, which is awesome. IMO, you can't call it anything but a gamble though. If you truly think GOOG is worth $400 per share, then to you it was not a gamble, and it can be considered by definition, investing. Different definitions of value I guess. This is the most hyped up stock in the whole market though, nobody can deny that.

Momentum Investing - An investment style that is currently popular among investors. It involves targeting companies with rapidly growing earnings - ie a history of positive quarterly earning surprises. The strategy inevitably involves buying stocks with extremely high P/E ratios and carries a great deal of risk.

 

[Devastation]

trading isn't for the faint of heart, no doubt

i respect your effort and results in the market bran and am always looking for new ideas in the market, but remember the motley fool isn't the be all, end all when it comes to investing. i'm 99% sure i beat their returns in 2004 and 2005 (even after capital gains taxes taken out), and am more then willing to screen shot all of my trades from the last two years to prove it also i did it with a fairly large amount of money (which can fuck with your mental fortitude on down days like no other) and without owning ANY stock for more then 7 months, something mf'ers would despise lol

there's always more then one way to skin the cat, you just gotta use the one that works best for you. also i devote all my time to doing this, so i would expect (or at least hope) i would do better then some part time stock picker who gets all their ideas from cnbc without doing any research

not trying to be arguementative, just saying there is other valid trading/investing methods out there

 

[bran987]

trading isn't for the faint of heart, no doubt

i respect your effort and results in the market bran and am always looking for new ideas in the market, but remember the motley fool isn't the be all, end all when it comes to investing. i'm 99% sure i beat their returns in 2004 and 2005 (even after capital gains taxes taken out), and am more then willing to screen shot all of my trades from the last two years to prove it also i did it with a fairly large amount of money (which can fuck with your mental fortitude on down days like no other) and without owning ANY stock for more then 7 months, something mf'ers would despise lol

there's always more then one way to skin the cat, you just gotta use the one that works best for you. also i devote all my time to doing this, so i would expect (or at least hope) i would do better then some part time stock picker who gets all their ideas from cnbc without doing any research

not trying to be arguementative, just saying there is other valid trading/investing methods out there

oh I have no doubt there are other systems out there that can beat the market. I know you're not trying to be argumentative.

but btw, just in case there was confusion, the greater fool theory has nothing to do with motley fool, it's a totally different deal.

the motley fool way isn't really the motley fool way either. almost all of their styles are based on other investing greats.

you've nothing to prove to me man. keep kicking ass.

 

[The Shadow]

369 this am before opening

 

[gotmilk]

$358 and falling.

 

[Devastation]

would have been a great short at $400 too


i still wouldn't be a buyer right now for a trade or long term

i bet it goes to $330 before it settles down and goes back up

 

[Megalomaniac]

Wow, I think this is the first time I've been here. Way better conversation than the old C&C. I've been out of the market for almost a year now but just freed things up this month so I'll be back at it soon.

 

[gotmilk]

I think it will hit $300 before it hits $450. Too many restricted shares becoming free trading for me.

me too Dev