Googled - An expanded definition
According to Webster to google means “to search for information about a specific person through the Google search engine”. But shouldn’t the definition be expanded to “to scam millions of people in to purchasing a stock at an exceptionally inflated price”?
Don’t concur with me? You probably will get googled! Just kidding!
I am a big fan of corporate America. I am glad that our system of capitalism allows businesses to make money in a huge number of different ways, including the sale of stock. The problem is when the average American (or person of any country for that matter) who barely can balance a checkbook get’s a “Hot Tip” to buy a stock and the prices soar for no apparent reason except demand for the stock (not for the company or it’s products).
Does Google have some amazing products and services? Sure as hell they do! I mean Google Maps Street View is frighteningly awesome! And yes 9 times out of 10 when I want to do a web search I go to http://www.google.com/ like everyone else. Does that intellectual property have a value? It sure does. And in Google’s case it has quite a high value. But when you compare google with other more “hard asset” rich companies like… CSX for example who’s stock price is hugely backed by hard assets (land, infrastructure, equipment, cash) which can be liquidated for cash you wonder how you can go wrong?
(((If a stock is 2/3 backed by hard assets it would be really tough for that company to mess up so bad that the stock value decreases by more than the 1/3 not liquifiable. (Don’t worry I’m sure you can find more than a dozen examples to contradict me, but I’m just trying to enrage some people!) )))
So here’s the deal: If you made money in Google awesome! If you haven’t yet, now is probably not the time to try! You might get googled!
***Disclaimer: You could have picked almost any stock and I would have found a reason it is total garbage!***