To Google or not.

Larry B.

Larry B.

Joined
Sep 26, 2004
Messages
2,486
A little over a year ago I bought Google for about $90.00 a share on the stock exchange. I bought 300 shares. Today it is worth about $440.00 a share. I held off selling it before the new year so as not to show a profit in 2005. Now I think it could go a lot higher and don't know what to do. I think I will sell 100 shares and let the other 200 shares ride. Any other market players hear with some advice?
 
Let's see, if you sold 100 shares, you would make a $17,000 profit on paper. That would be more than enough to buy Mongo the turkey shotgun, assorted handguns and custom bowies that I NEED. Heck, you'd still have some money left over to buy a burger or two. Then, keep the remaining 200 shares cooking along... I think Google will probably continue to increase.
 
If it was me, i'd sell at least 150 shares, then if the stock rose another 200 per share, sell off 1/2 of the remaining or 75 shares. I tend to be get out a little early rather then risk trying to greed out that last cent.
 
I've heard the number $600 thrown around as a prediction... I don't think this is the time to cash out, but I've been wrong before :)

Guy I know bought a bunch of Microsoft stock early, then after a few years decided it couldn't possibly go any higher and sold it all - bought a BMW etc. but if he'd held onto it...

If you need the money or are feeling jittery, sell off 75 or 100 shares to recoup your investment, but right now Google seems able to do no wrong as a company (at least in the eyes of the general public) which is a major advantage. Not to mention that they have established themselves as the de facto gateway to the internet's most valuable resource - information.

Either way, I envy your position :)
 
Hey Larry... I wish I had bought some shares!

All I can offer is that I used to work for a company who dealt in online competitive intelligence... let's just say that I doubt Google is going to lose their market share anytime soon.

Of course they could buy some lemon company and lose some market value that way, but still, their market share is significant and there are no other players out there right now able to eat away at it.

Please forward me a share or two for this inside knowledge :D For three shares I will back up what I said with real info!
 
Years ago I bought 1000 shares of Intel for $10.00 a share. Sold it for $30.00 a share. What a blunder that was. I think the best thing to do is what Dave recommended. Why be too greedy. I will ride out the remaining 150 shares for a year and see what happens.
 
Not knowing your financel situation it's hard to say, But I think that if I were you I would not be to greedy and sell some (to ensure a tidy profit regardless of what happens next) but I would keep the bulk of it (for some reason Goggle seems to be magic).
 
And let's not forget Bre-X (spelling?):) Nortel was at $3.78 CDN on the TSE at 9:05 a.m. It's up:D It's been a while on this one, but wasn't it sitting at around $36 USD per share not that long ago? Let's not forget the dot com stuff either - I took a bath on that one - I think about a 50% loss, but others I know didn't get until later and lost about 70%. Isn't the stock market fun:)

-gord
 
Here's what I decided after sleeping on it. I am going to sell 100 shs. now and keep the other 200shs.with the stipulation that if the price goes below a predetermined price to sell. The bulk of my investments are in mutual funds where I have been averaging about 15% per yr.Through the yrs. I have bought stocks in very successful corporations. I have made money, but except for Google I have always gotten out too soon. Anyway the market makes my juices flow. I love the uncertainty of it. It keeps me on my toes.
 
Larry B. said:
Here's what I decided after sleeping on it. I am going to sell 100 shs. now and....
Click to expand...

and.... get Mongo his turkey shotgun, assorted handguns and custom bowies?????;)
 
gordonk said:
And let's not forget Bre-X (spelling?):) Nortel was at $3.78 CDN on the TSE at 9:05 a.m. It's up:D It's been a while on this one, but wasn't it sitting at around $36 USD per share not that long ago? Let's not forget the dot com stuff either - I took a bath on that one - I think about a 50% loss, but others I know didn't get until later and lost about 70%. Isn't the stock market fun:)

-gord
Click to expand...


I was heavily invested during the dot com era. I made out good because I got out early. Some of my relatives were very greedy and lost big time. One of my cousins invested $100,000 and was up to about $350,000 and would not cash out. Result being he lost the $350,000 plus $85,000 of his own. He still is bitching about it. The pension funds took a bath with all the dot com loses.
 
If it was a relatively small portion of my total portfolio I would let it ride.

If it was a large postion of my savings I would begin to income cost average it into more diversified investments, such as Spyders. Perhaps half of it over the next twelve months.

The Enron employees who went bust had all their eggs in one basket. In all the time they were riding high, any good investment advisor, and almost any magazine or newspaper investment column they might read, would advise them to diversify, diversify, diversify. They basically had to ignore a lot of very good advice to lose out like they did.

I personally follow the 2% rule - no more than 2% of my savings in any one security.
 
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