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Started By
Message
google stock
Posted on 1/20/16 at 9:02 pm
Posted on 1/20/16 at 9:02 pm
I have about 75000 dollars of IBM stock...I would like to sell half of it and buy some Google is this a good move or should I just keep it untill it goes back up....how low do u think Google will go..I think that IBM is a dated stock going nowhere...Will Google ever do a divided...thanks for your help
This post was edited on 1/20/16 at 9:03 pm
4
Posted on 1/20/16 at 9:30 pm to tigers1956
Why jump from a $120+/- stock to a $700+/- stock? Is this all you have? Do you just like technology? If you like tech why not get into a tech heavy mutual fund or ETF? We're going to need a lot more details before giving any guidance.
Posted on 1/20/16 at 10:06 pm to RebelOP
quote:
Why jump from a $120+/- stock to a $700+/- stock?
This question is pointless. Price is based off earnings. Google is cheap relative to earnings and still a great growth company. Hell yeah sell IBM and buy Google.
And yes I do think they will eventually pay a dividend but I think it's a long time out so I wouldn't make a purchase based on that.
Posted on 1/20/16 at 10:08 pm to RebelOP
I have other savings...company stock 401k and a pension plan at work...I'm 59 and was given this stock upon my mom's death....
Posted on 1/20/16 at 10:10 pm to Big Saint
Actually it's not pointless because depending on his whole situation why would you buy a stock that is 7x more expensive if you don't have to. Is it just because he likes Google or what?
Like I mentioned before, we need more information than just the OP.
Like I mentioned before, we need more information than just the OP.
Posted on 1/20/16 at 10:13 pm to RebelOP
quote:
why would you buy a stock that is 7x more expensive if you don't have to
quote:
Why jump from a $120+/- stock to a $700+/- stock?
6/10
This post was edited on 1/20/16 at 10:14 pm
Posted on 1/20/16 at 10:13 pm to RebelOP
If you want to argue that you don't think GOOGL is cheap on an earnings or growth basis then that's fine but don't steer a guy away from a stock because its $700. If he wants 3 shares of Google or 21 shares of Apple its the same cost basis and I'd damn sure take Google currently.
Posted on 1/20/16 at 10:16 pm to Big Saint
I didn't think I was steering a guy away from buying a
quote:more expensive stock, it was just why make a jump like that? What's his reasoning, etc... Just questions dude, chill. All i'm saying is more info is needed, it's not just a black and white answer.
6/10
Posted on 1/20/16 at 10:25 pm to RebelOP
Fair enough.
Some people genuinely think that way about stock prices though and new guys pick up that incorrect information.
Some people genuinely think that way about stock prices though and new guys pick up that incorrect information.
Posted on 1/20/16 at 10:26 pm to RebelOP
quote:The stock market does not work the way you think it works.
more expensive stock, it was just why make a jump like that? What's his reasoning, etc... Just questions dude, chill. All i'm saying is more info is needed, it's not just a black and white answer.
To OP - Google is a growing company in many different areas. I would not expect to see a dividend anytime soon since they have better places to invest their free cash.
Posted on 1/20/16 at 10:26 pm to RebelOP
quote:Please be trolling or never post on MT again. K thx
Actually it's not pointless because depending on his whole situation why would you buy a stock that is 7x more expensive if you don't have to. Is it just because he likes Google or what?
Posted on 1/20/16 at 10:27 pm to TigerTatorTots
Hmm got some backup. Thanks fellas.
Posted on 1/20/16 at 10:49 pm to RebelOP
quote:
expensive
Posted on 1/20/16 at 10:52 pm to RebelOP
quote:
Why jump from a $120+/- stock to a $700+/- stock?
Posted on 1/20/16 at 10:57 pm to Zilla
Ok I've had a little too much to drink
K
Sorry
K
Sorry
Posted on 1/21/16 at 12:59 am to tigers1956
If the value of the IBM represents more than 10% +/- of your portfolio, you might consider diversifying. As for whether or not you should look at Google as an alternative, I don't have an opinion on that.
Posted on 1/21/16 at 5:06 am to Jag_Warrior
If you're really interested in downgrading, I can get you into something nice in the $5-$10 per share range. No reason to pay $120 for IBM when you can get 12+ shares of something else for the same price.
Posted on 1/21/16 at 6:51 am to SLafourche07
quote:Exactly.
No reason to pay $120 for IBM when you can get 12+ shares of something else for the same price.
This is why I only buy penny stocks.
Posted on 1/21/16 at 6:58 am to RebelOP
quote:
RebelOP
Not trying to be a dick but you need to read and get some education in how the stock market works. This is painful to watch.
Posted on 1/21/16 at 7:00 am to SLafourche07
I've always been the type that thinks it's better to diversify. If you just want to buy and hold, I would suggest buying 5 stocks at least.
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