Google Continues To Rise
Unbelievably, beating all analysts expectations, Google has not hit its peak yet. As of 2:35, GOOG is at 111.65, rising 3.34% today, and has yet to stop moving up. This may prove bad for Google at some point, since the dot-com bust happened because stocks were overvalued, something Google tried to avoid with its dutch-style auction, but seems unable to prevent. Google needs to start justifying that $111. Perhaps a huge rollout of Gmail?
- posted by Nathan Weinberg @ 8/23/2004 02:39:00 PM