The Industry Standard - GOOG hits $550/share before $450/share - Comments

@Bradley, errata from

David Kuan — Mon, 21 Jul 2008 16:35:08 -0700

@Bradley, errata from earlier comment (possible -> impossible). I am all for more challenging prediction (some folks might shy away from such challenge). Agree that the bracket would need to be modified. BTW, GOOG went as low as $465 today but closed at $468.80. However, after hours trade shows it is heading south again to $461.60.

Mmmm, something that makes

Bradley Baker — Mon, 21 Jul 2008 15:38:49 -0700

Mmmm, something that makes making money (hard to predict ROI) more difficult, or requiring more skill to do well. Yeah, THAT couldn't have been intentional. :)

Boundary conditions might require adjustment. Idea is to create a bracket around the current price that is fairly reachable by a volitile stock (such as GOOG) over a relatively short time, although with enough room to move that it doesn't get insta-bet in the correct eventual direction with a high degree of certainty.

Like the idea but timing for

David Kuan — Mon, 21 Jul 2008 12:22:03 -0700

Like the idea but timing for ROI is hard to ascertain it GOOG decides to stagnate between $450 and $550 (since it states "remain open for trading until ..."). Also, GOOG dropped to $467 today and dropping another $17 in the immediate term may not be entirely possible before the suggestion can be made into a prediction for play. Granted closing prices are used for judgement would ignore the wild swings.

GOOG hits $550/share before $450/share

Bradley Baker — Fri, 18 Jul 2008 14:55:27 -0700

GOOG today shed 52.12 points (9.77%) to 481.32 after a disappointing earnings report. GOOG's 52-week low stands at 412.11, while it's 52-week high is 747.24.

This prediction is that GOOG will close at a share price in excess of 550 before it next closes at a share price less than 450. It will remain open for trading until one of the two conditions applies.

Note that this prediction only looks at official closing price, not intraday trades or after-market action.