Mad Money Machine

by Paul Douglas Boyer

Google Watch begins: GOOG to 500 says Cramer

Tonight, Jim Cramer said he expects Google (GOOG) to get to $500 “soon” because the money fund managers will start looking at 2007 expected earnings ($12.50/share) instead of 2006 earnings ($10/share) and with a 40 multiple, the stock should get to $500 “soon.” I quoth him thusly, “By October, Google should be a lot more expensive than it is now.” [today’s close: $391.90] “By January 1st, it should be even higher.”

So I am adding to the sidebar a “Google Watch” to see if by 1 Oct we can be higher than $391.90 and a lot higher than that by 1 January 2007.

Also, be looking to see if there is any Cramer Crackle left in his show. I see that the after-hours traders took it up as high as $394.45 this evening while watching Mad Money. Usually it comes back down a few points in the first hour of trading the next day. Will be interesting to watch.

Tue, September 12 2006 » Announcements

One Response

  1. scottaplus September 13 2006 @ 12:25 pm

    Hey Paul, the secret google trick to get the first blurb from Cramer’s Action Alerts plus seems to not be giving the key information it use to……….any other ways to get access for free?

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