Monday, October 25, 2004
Google Keeps Surging
GOOG rose another $14.97 today, closing up 9 percent to $187.40. Google's market cap is now higher than Yahoo's, reaching $50.8 billion to Yahoo's cap of $47.8 billion. Google actually needs to stop surging before it becomes so overvalued that people start selling stock. The lockup period isn't even over. Seems like investors are speculating on the future value of the company. Lets hope they hit a reasonable level and stay there, and not rise to a point above their own worth, so we can watch their bubble burst.