Monday, August 15, 2005
Reviewing recent decisons
I wanted to quickly review recent decisons and see how things are going with each
- SOLD GOOG @ 300. Seems like a decent decison. Market is still betting that there is more upside (or atleast limited downside to stock). GOOG is hovering between 280-290.
- Continuing to Hold NFLX. As expected, NFLX moved to $22+ range. Given the additional news about blockbuster's 2Q loss and lowered debt rating, things seem rosy for NFLX. Good business, weakened competition, continued expansion. Continue to hold.
- Bought AQNT. Aquantive had a good quarter, but not great. The stock is down a tiny bit from where i bought it. May be i should get out of this one..
Comments:
Why did you buy GOOG? Or at least what price did you buy GOOG? I thought it was overpriced at 230. At its current valuation, 1% of the U.S. GDP goes to GOOG. Is that rational? Given that education takes up 10% of GDP, and health care takes up 20% of GDP. Can 1% actually all go to Google alone? When there are perfectly good substitutes like Yahoo and A9? Would like your thoughts.
I bought goog at IPO. I quickly doubled my position by buying more when the stock was at 130$. I did not buy anymore since then.
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