2006-09-13 06:11:49 · 5 answers · asked by Pronkville 3 in Business & Finance ➔ Investing
Google stock is only up about 2.5% to 3%. Given that the market is up 4% and Google's beta is 0.68 -- it is right about where it should be.
2006-09-13 07:10:54 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
Cramer gave his take and it is basically increasing because of the calender. September is notorious as the month people start looking forward. Analysts are putting pro formas together and forecasting the upcoming year. The numbers must have looked good and news broke. Google could hit $500 soon and could be substantially higher by as early as October.
Warning: Cramer also gave his take months ago and said Google would hit $600 and stick with it. I lost several thousand dollars (luckily in a fantasy portfolio) by sticking with it. I guess even the experts are wrong occasionally.
2006-09-13 06:27:35 · answer #2 · answered by Ron 3 · 0⤊ 0⤋
Well, because more people want to buy it today than want to sell it.
Actually, it's only up a little more than 2%, which is nice, but not eye-popping.
The chart shows that the ten-day moving average has crossed up through the 50-day moving average, often a sign of the beginning of an intermediate move, and it looks like it will test a recent high in the 430 area.
2006-09-13 06:50:21 · answer #3 · answered by ProfessorOddlot 4 · 0⤊ 0⤋
Because the shares are moving in the right direction for a change unlike some .com business in the past google have a good business plan...
2006-09-13 06:19:02 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Numbers are created to go up and down that's why today it went up
2006-09-13 06:21:00 · answer #5 · answered by jayesh108 2 · 0⤊ 0⤋