Net Advisor
|
Actually GOOG was $724 a year ago.
http://finance.yahoo.com/echarts?s=GOOG#chart1:symbol=goog;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
GM was $87 in 2000
WM, CC, BSC, LEH were once worth something too.
Just because a stock was once a high price does not guarantee that it will ever go back there again.
Cite YHOO $200 (March 2000)
http://finance.yahoo.com/q/hp?s=YHOO&a=00&b=1&c=2000&d=11&e=1&f=2000&g=d&z=66&y=132
Cite DEC (that is Digital Equipment Corp) never recovered from the 1987 crash. Acquired by CPQ, and then acquired by HWP.
and hundreds of others. |
|
Chuck
|
With the economy, even Google is at risk. I'd give anything to be able to tell my grandpa to invest in microsoft or apple computers when they first came out. Then my family would be set!
Hold your cash until the market hits the floor. Google will surely recover. |
|
KerrytheKiwi
 |
Well, during the economic crisis - I think you should wait. As it was in the Wall Street Crash in the 1920's, people waited until stock was at it cheapest - and saw their opportunity to invest again. You should wait a little longer - the crisis hasn't been around for long, so who knows if it will get worse? If you buy now, the stock could possibly fall another couple of hundred.
Check on it every fortnight or so, then deliberate when to make your move. |
|
Ehhee
 |
not currently |
|
bigblackjack95
|
no dont buy any with this economy |
|
JB
|
Buy only if:
1. This is disposable income. Don't expect to pay your bills off any capital gains from this.
2. You are prepared to lose this money. The market is incredibly volatile right now. There is no promise that this stock will return to it's high. It might. It might not.
3. You set a stop loss price to get out and you set a price gain to get out.
4. You have patience. It may take a long while before it climbs back to it's high assuming it ever does. See #3.
I'm no economist, but from everything I hear this market has not hit it's bottom. Some are even predicting a 14 month recession. |
|
-.-
 |
dont...at the estimated progress of the economy the share values would drop quite a bit more before starting to pick up...so...wait some more time...but this is just an estimated guess.... |
|
jerry425
|
I agree. We'll see bigger drops in the Dow Jones, S&P and Nasdaq going into 2009 before things turn around.
If you have idle cash I'd play it safe for the time being - maybe CDs or something, until the market shows more signs of hitting bottom, or maybe even begins to turn around.
Have some patience - it will save you money. |
|
Bl♥ndy
|
only do it if you have a bit of money to burn. you cannot rely on this to pay your bills, and you must be able to afford to lose it.
its tempting! |
|
Dylan W
|
No, not with the economy. You should have done it when Clinton was in office, when the economy and the internet was booming. |
|
Binimiester
|
well google has a lot of money and they invest a lot of money to... investment banks that are pretty the suck right now... so in the current us economy i wouldn't buy any stocks and put my money in Wellsfargo's CD... cause their conservative managing has helped them to weather the storm way before anyone else.
If you really want to invest, start looking into the housing market. It will fall for a while but it'd be back up in about 5 years or so... so might as well search for a chance to buy low and sell high.
One more thing, all I wrote are for consideration, so good luck! |
|
collegenebula
 |
Look at the chart, everything is pretty much going to bottom out. Look at the google discussions on the google finance NYSE:GOOG page.
There are people on there that estimate its bottom point. Compare that with today's price and figure out if you think it is a good idea.
I work in finance in NYC, I shorted the stock at 550... it made me a lot of money on the drop, and a lot on the way up. I am out, but I think it will keep dropping honestly. |
|
its me
 |
yes but don't sell it. |
|
NERDGASM
|
Buy it and don't sell it ntil it hits 500 again. No matter how low it gets you will still have the stock. |
|
qtiepie
|
I would say no. Becasue if you heard the news announcement their CEO is stepping down today and that means there will be some change around there. |
|
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
