This morning I read an article about Google stock being way over-priced. Now, a few hours into the trading day I see Google is down $8.25. The article said that they think Google will go down as far as $160. I wouldn’t buy it for more then $100. No real data to back that up, but what is Google selling, where are they making their money? They sell friggin’ ads on their site and other blogs like mine. That doesn’t seem like a business model that can support a stock price of $160-$200. I think they should split and get their price down below a $100.
Disclaimer: I am a programmer that knows “jack” about the market. Don’t buy or sell Google, or anything else for that matter, on my advice.