Once again, Google has pummeled Wall Street's expectations, sending their stocks to almost $650 per share today. I'm going to say "Whoa, time to get off of this train." Understand this up front: I may be absolutely wrong, because I've got nothing on which I'm basing my statement... just a good, old-fashioned hunch.
My mom always used to say "If it looks too good to be true, it probably is." My gut says that Google is the next Enron. Maybe not the same way, maybe not for the same reasons, but I think that Google is horribly overvalued. You heard it here first.
**I'm not saying that Google is doing anything illegal. I'm simply saying I think they're a bubble stock that's ready to pop.
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