Sunday, November 27, 2005

$500 Google

I keep hearing that Google is on track to $500+/share. While I believe this is a strong possibility, and I'm a believer in a healthy financial future for Google - the price is just going up too fast and too quickly. Maybe Google deserves its current $126+ billion market cap, but probably not today. I just can't invest in this stock that is being driven up by lunatic investors - many of whom seem to be banking on eachother's irrational enthusiasm about the stock. Or, quite possibily, I'll laugh at this post in 10 years when I'm using a Google operating system on my new Google PC wishing I had made a meaningful investment in Google back when it was "cheap".

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