Google, from Steve Leslie

October 31, 2007 |

GoogleToday Google crossed the $700 level. I heard an announcer comment that it is up 30% in a month. In a year and a half it has doubled and since its IPO it has increased in value 10 times.Apple is now approaching the $200 level. In two months it has gone from 135 to 195. In a year and a half it has gone from 55 to 195. Now here is the rhetorical question from the balcony: how many of us own either stock?

There have been plenty of opportunities to have owned either or both. Vic and Laurel commented, when Google was at 350, that they were aboard. They practically hammered the computer keys extolling the virtues of Google and its competitive advantage. My question is: if you don't own it, why not? Better yet: if you have never owned it, why not?

For the record, I currently do not own either stock. I have in the past, but chose to trade rather than hold. I suggest that for those who do not have these two in their portfolios there be a bit of soul searching and analysis and that the lessons learned here be used in the future to identify the next great stock or stocks. A meal for a lifetime.I hope that my portfolio currently has at least one or two that will mimic these two great stocks. Time will tell.



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