# Dumped my Google shares **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [September 22, 2005, 4:50pm UTC](https://boards.straightdope.com/t/dumped-my-google-shares/322906 "2005-09-22T16:50:42Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![iwakura43](https://avatars.discourse-cdn.com/v4/letter/i/9de0a6/32.png) [@iwakura43](https://boards.straightdope.com/u/iwakura43)\ **Post date:** [September 22, 2005, 4:50pm UTC](https://boards.straightdope.com/t/dumped-my-google-shares/322906/1 "2005-09-22T16:50:42Z")
$310 seems like a pretty good out point. Wish I’d bought more when I made my purchase a few months ago. The hurricanes have made some other opportunities cheap (BRK/B), so I’m all in with that. ---
**Author:** ![Shagnasty](https://avatars.discourse-cdn.com/v4/letter/s/9dc877/32.png) [@Shagnasty](https://boards.straightdope.com/u/Shagnasty)\ **Post date:** [September 22, 2005, 6:09pm UTC](https://boards.straightdope.com/t/dumped-my-google-shares/322906/2 "2005-09-22T18:09:53Z")
You realize that the absolute price of a stock means nothing don’t you? They could announce a 10 for 1 split tomorrow and the price would become $31 dollars a share instantly with nothing else changing. I am sure that they will split sometime in the near future. Berkshire Hathaway ($79,800 a share) is one of the few companies that lets its stock price get that high for psychological reasons. You could have made a good move but it wouldn’t have been because the price seemed insanely high psychologically. You have to judge them by the future of their business and not a superficial reason like absolute stock price. ---
**Author:** ![Maeglin](https://avatars.discourse-cdn.com/v4/letter/m/8baadc/32.png) [@Maeglin](https://boards.straightdope.com/u/Maeglin)\ **Post date:** [September 22, 2005, 6:35pm UTC](https://boards.straightdope.com/t/dumped-my-google-shares/322906/3 "2005-09-22T18:35:52Z")
Did you get a nosebleed from the EPS or something? ---
**Author:** ![Quartz](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/quartz/32/267_2.png) [@Quartz](https://boards.straightdope.com/u/Quartz)\ **Post date:** [September 22, 2005, 8:12pm UTC](https://boards.straightdope.com/t/dumped-my-google-shares/322906/4 "2005-09-22T20:12:28Z")
It’s seldom if ever wrong to take a profit. ---
**Author:** ![iwakura43](https://avatars.discourse-cdn.com/v4/letter/i/9de0a6/32.png) [@iwakura43](https://boards.straightdope.com/u/iwakura43)\ **Post date:** [September 23, 2005, 2:03am UTC](https://boards.straightdope.com/t/dumped-my-google-shares/322906/5 "2005-09-23T02:03:39Z")
> [@Shagnasty](#): > > You realize that the absolute price of a stock means nothing don’t you? They could announce a 10 for 1 split tomorrow and the price would become $31 dollars a share instantly with nothing else changing. I am sure that they will split sometime in the near future. Berkshire Hathaway ($79,800 a share) is one of the few companies that lets its stock price get that high for psychological reasons. You could have made a good move but it wouldn’t have been because the price seemed insanely high psychologically. You have to judge them by the future of their business and not a superficial reason like absolute stock price. Yes, of course. If you take a look at the expectations inherent in the share price, however, you’ll see that an extremely high (in my opinion, improbable) rate of growth is priced into the stock. **Maeglin** was more on the mark. Incidentally, as I noted, I purchased a Berkshire class B share with the proceeds. I can’t believe how cheap they are, and have been recently.