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no, not everyone on wall street thinks google is worth it. a lot of people who think good investing means looking in the rear view mirror think it is worth it. these are the same people that were threatening to pull their accounts from me when i wouldn't sell them TASR in the $50's and SIRI above $8.
speculation makes some people very very wealthy on the backs of those who won't listen to the voice of reason. especially in companies with short trading histories and/or limited circulation.
example:
Mr Customer: i think (real tech company) will go to $120.
Advisor: why?
Customer: because it went from $9 to $75 in only 3 years, with that head of steam how can i lose
Advisor: because... stream of logic, facts, figures, etc...
Customer: I'm buying from someone else at $75
5 years later:
Customer: why didn't you tell me (real tech company) was a bad idea? it fell from $75 down to $1.95, insert rant about brokers screwing people over.
Advisor: WTF?!?!?! get out. take your account with you.
2 weeks later:
Same customer: hey (search engine company) went from $85-105 in the opening hours. it has been solid for 6 months and now it is above $200. i want in.
Advisor: why?
customer: i hear it could top $300.
THWACK!
*sound of bat hitting side of customer's skull*
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Getting knocked down is no sin, it's not getting back up that's the sin
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