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Google stock hit $180 today.
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Posting Junkie
Join Date: Jun 2003
Location: Dangling something in the water… of the Arabian Sea
Status:
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WTF are people thinking?
It's dropped a bit now, but it's still at US$173. This stock is gonna be good for the people who like volatility, but d@mn, the current stock price is just absurd. The market cap is almost 50 billion bux at these prices.
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Mac Elite
Join Date: Apr 2003
Location: Anywhere but here.
Status:
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Damn, wish I would have purchased some on the first day! There's no way it can sustain that price, besides advertising revenue how does google really make money? 
I predict it will be high for a while, then tank like amazon did years back. They won't go out of business, because this is google we are talking about.
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Posting Junkie
Join Date: Jun 2003
Location: Dangling something in the water… of the Arabian Sea
Status:
Offline
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Professional Poster
Join Date: Dec 2002
Location: Partying down with the Ewoks, after I nuked the Death Star!
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Stupid, this is more appropriate for 1998.
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"Hello, what have we here?
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Professional Poster
Join Date: Sep 2000
Location: Texas
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Offline
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Woohoo! The economy is doing great.  I wish I could get some of my revenue from Google in the form of stock options. How cool would that be?
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
Status:
Offline
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Originally posted by Landos Mustache:
Stupid, this is more appropriate for 1998.
Yep. We're gonna see the whole darn thing again.
People are gonna whine because they spent all their money on it
... bla...
-t
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Posting Junkie
Join Date: Jun 2003
Location: Dangling something in the water… of the Arabian Sea
Status:
Offline
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So despite the 2004 low for the Dow today, Google gained 15%, up 23 from the day before. It closed at around $172 ($173.50 after hours) and P/E is 207.
Crazy. Maybe if it does hit $250, it's time to short? 
The employees must be totally freaking out. Even just 1000 stock options are worth a small fortune.
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