GOOG worth $30/share? (per Hussman)

Discussion in 'Stocks' started by mtzianos, Oct 27, 2005.

  1. jebara

    jebara Guest

    Hey some people can't get it. They sat there bearishly watching many of the greatest opportunities pass them by. Sure google may disapoint in a year or two, but currently there the hottest company out there.
    #61     Dec 14, 2005
  2. Then why trade? Anything? Ever?

    #62     Dec 14, 2005
  3. Maverick1


    Reread this post Sparohok, its dated from 10/27, GOOG was at $353 then, $418 today.

    Thats why people trade, because they have a divergent view on what market is pricing in. The market was 'right' on 10/27 in repricing GOOG upwards to fair value, and this process continues still, although we are rapidly approaching upper bounds of fundamental models based on current information.
    #63     Dec 14, 2005
  4. jebara

    jebara Guest

    I agree, and a pessimist will always be one. It is like a perrenial bear, no matter how well the economy is doing he will find a reason to be bearish. The way to make money is to see it from both sides, where as some people can only see it one way.
    #64     Dec 14, 2005
  5. CapnKirk


    #65     Dec 14, 2005
  6. Thanks for the update. Very relevant, I'm glad you answered my question. :)

    #66     Dec 14, 2005
  7. In 1992 the LA Times called Hussman "one lonely, raging bull."

    His fund has outperformed the S&P by 18 percentage points a year since its inception in 2000.

    Whatever you think of his GOOG call, he has earned his bona fides, and not just by predicting imminent doom.

    #67     Dec 14, 2005

  8. This argument is rarely used properly. Whenever someone makes a downward turn-around, a few people always jump in and call them bears and that they should go with the market and not miss opportunities. I have no reason to believe that anyone here (on this thread) is a bear and bear alone. I am trying to predict googles downfall because I think it will happen and I want to be there for it. But I have also been gaining from the otherside.

    #68     Dec 18, 2005
  9. jebara

    jebara Guest

    I agree with you, but some of the bear arguments border on ludicrous. At hussman's 30 dollar target then it would be worth 8.8 billion.
    #69     Dec 18, 2005