Reason number 10 to the 100th power I don’t pick a lot of stocks
November 22nd, 2006 | by mbhunter |One of my colleagues at work is kicking himself, still, because he sold Google (NASDAQ:GOOG) just a wee bit early a few weeks ago. He was down a little, or even, with where he bought it. The next day it jumped about $20 a share, and has since gone up about $100 a share.
Google is now one of only a handful of stocks that trade for more than $500 a share. Berkshire Hathaway of course is one, and the Washington Post is another.
The stock earned $8.83 a share at last count, but that puts its price to earnings ration at over 60. That should be a screaming “SELL” but again: What do I know? I thought it was a screaming sell at $200.
In any case, I’ll be contributing to Google’s bottom line directly because I opened an AdWords account to promote the printing partnership’s Xion eShop. My $30 per month is only part of a drop in the vast $2.7 billion in revenue that Google took in last quarter, but it’s all in the name of business promotion. 
There’s still time to sell your dogs for the 2006 capital loss. I have a couple. Not Google, though.
