Monday, July 25, 2005
Got out of GOOG
I sold GOOG @300. This is a great stock, great performance, but the valuations are making me uncomfortable. Overall the earnings report looks good (12% sequential revenue growth) but not great (net income down sequentially due to higher taxes).
Overall GOOG is now in a different place, with a whole lot of room to disappoint and limited room to surprise positively. Only thing the speculators would point to is the inclusion in s&p 500. Overall, i think it's better to get out now and stay on the sidelines till more compelling reasons to own google come up (lower stock price or healthier earnings). I happy to buy other names in this sector.
BTW, I got into Aquantive(AQNT) at 18.30. This is a keyword advertising services company with about 200M in annual rev and growing about 50% on topline yoy.
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