In case you are following my trades, today, on 09/30/2008, I sold 100 GOOG at 412 dollars. I made 5.4% on the short-term trade. GOOG may go higher, but every wise investor's primary rule is, "Don't be greedy." Or, as Cramer says, "Bulls make money, bears make money, pigs get slaughtered."
Now I have to go figure out what is going on with Cypress Semiconductor (CY) shares. I know they spun off Sunpower, but Yahoo Finance is showing that CY shot up over 60% post-spinoff. I had some CY shares and bought more AMAT yesterday because it appears Obama will win the election; if so, solar power companies will benefit from his tax credit/subsidy plan. Even so, CY, the stand-alone semiconductor company, increasing 60+% (according to Yahoo finance) seems strange and incorrect.
More on the CY spinoff here: http://www.thestreet.com/story/10440059/1/a-wacky-debut-for-cypress-semi-stock.html
Update: I am now the proud owner of 17 shares of SPWRB. Spinoffs are always nice, especially when they are in tax-deferred accounts. Calculating a basis for spinoffs come tax-time deserves its own level of hell in Dante's Inferno.
Update: GOOG According to Yahoo finance, Google stock closed today at $320.50/share, but something fishy is going on. In after-hours, GOOG is trading at $413/share. Meanwhile, Google's finance page shows a closing price of $342/share. Thus, we have three different prices for the same stock. I always think some major player (Gordon Gekko reborn?) is manipulating shares somehow when this kind of discrepancy occurs.
Inefficiency happens more frequently than people would like to admit. For example, when I placed my trade to buy 100 shares of GOOG at a market price, I bought shares at $391--even though immediately before the trade, and immediately and at least a minute after the trade, GOOG shares traded around $388. Someone pocketed (stole?) the three dollars. Multiply that by thousands and millions of shares traded daily, and you can see that someone is making massive amounts of money.