Google Stock Quote

My, my. What a few weeks can do for a stock.

When I last talked about Google stock a few weeks back, the stock was in the low $200s. Now the price is quickly approaching the $300 mark.

I read the news … I have seen brokerage houses upgrading the stock. It doesn’t take much to light a fire under a stock given the right conditions.

Disclaimer: I have no inside information about the company or the stock price.

What I do have is history. History that I have seen before. If you think the stock price is too high, I don’t disagree. If you think the stock can’t go much higher, then that’s where you and I part ways.

I have seen stocks “act” like this before - just keeping going higher and higher and higher. I’ve also seen those same stocks come crashing back down.

One of the most famous runups that I have partially participated in was in 1999 for Qualcomm. I’ll let you go find a chart and see what I am talking about.

Here’s the short story - the stock went up more than 10x in less than a year. If I recall correctly, the stock traded higher than $800 a share for a short while. Of course, the absolute high occurred when some young stock jockey / broker / analyst came out and picked a super high price target.

My point is this, GOOG can do the same thing.