Can't help but follow-up to 10 Reasons I think Google is going down since it caused the most controversy and highest response of any blogs I have written to date. I definitely touched a nerve somewhere. The commentary is running 60/40 negative (not all publishable) but with no response or insight on either side relative to my actual arguments. I have never owned Google, Inc. (GOOG) and would have disclosed to readers had I shorted the stock. That could be a disaster even if it does go down because you would need substantial resources for what would most assuredly be a wild ride.
Some readers discussed additional reasons GOOG is likely to go down in value, but not one refuted any of my "10 reasons". If anybody has something concrete to add to the discussion that would be most valuable and is a good use of the blog site. My blog was stimulated by two things; people often ask me what I think about GOOG as an investment and I have actually considered investing myself. I have always come to the conclusion that I had better places to risk my capital so I thought I would share this view.
Some of the comments I received lend credence to the concern that many of Google's investors are impulse buyers and will run out on the stock, lead by emotion, not rational thinking. There is a lot of hoping and praying in Google's current market value.
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Reader Comments (Page 1 of 1)
6-22-2006 @ 4:38PM
steveh said...
Google stock owners live in a la la land where Google's search share will continue to grow and their margins will stay right where they are. This isn't possible. The search market will be split much more equitably among msft yhoo and goog five years from now. Google needs to un-beta their "good" apps and spend a little of their billions actual marketing them.