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From: orangja...@gmail.com
Date: Tue, 30 Sep 2008 14:26:46 -0700 (PDT)
Local: Tues, Sep 30 2008 5:26 pm
Subject: Re: Everyone owes me an apology. (google 300 issue) 295.57
Hi Hugo..
GOOG will only go to $300 if NASDAQ is going down to 1600-1700. this is not like we are in the tech bubble in 2001. The evaluation of GOOG at around 25 P/E to 30 P/E is about right. unless the congress does not do anything, perhaps GOOG can go down to $300 for a while before it bounces back. i think when GOOG trades @ $300, the management will do something about it, either buy back the stock or something. In this market, I do not rule out anything as everything is possible. Unfortunately for you, NASDAQ has cancelled off all the trades made below 400 and above 425. So, for now you keep dreaming, ok? You must Sign in before you can post messages.
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