Going Ga Ga Over GOOGLE

Give me a break. If you don't hear the bells and smell the coffee then you are going to miss the next great internet, techno-boom, transformational company blow-up of the bear market rally, "after bubble" stock market. The all-neutral, all the time analysts jumped all over themselves to revise estimates, multiples, growth & valuation models and re-evaluate their ratings on the stock.

Jim Kramer gave the "buy, buy, buy" (thats his triple buy call) recommendation on his show and all but called out the other analysts to challenge him to an arm wrestle about it. Kramer also mocked the technology fund managers who he says continue holding the has-beens like Cisco, Microsoft, Intel, and Sun micro, saying that they are the "flat liners" while Google is on its way to $318!

All I can say is that a wierd form of the bubble is back, and Google will be the next great internet stock disappointment (disaster). By the way, I think that the supposed "smartest guys in the world", that would be all the insiders and venture investors who created this company, would not be selling their Google shares at the incredible pace they have been of late, if they thought the stock was undervalued.

And just for kicks, I will be the antithesis of Kramer and put a $75 price target on Google. Thats a long-term price target but I wouldn't be shocked if it was in the short term.