Wednesday, March 16, 2005
Forbes.com: Google Goes Down:
"Matt Rand; data provided by Marketocracy, 03.15.05, 4:55 PM ET
NEW YORK - The best 100 investors at Marketocracy were net sellers last week. A substantial portion of the portfolio trimming, which was at a sell-to-buy ratio of 7 to 5, included technology stocks. In their place, gurus were tentative, buying stocks from a variety of industries.
Looking for high yielding preferred stocks? Click here for the latest picks from Forbes/Lehmann Income Securities Investor.
They sold shares of Internet search leader Google (nasdaq: GOOG - news - people ) of Mountain View, Calif. The stock topped $200 in January, but has since slipped back to the 170s, closing at $174.99 on Monday. Gurus sold as Yahoo! (nasdaq: YHOO - news - people ) announced that it would be ramping up its targeted advertising offerings, sending Google to levels just above its 2005 low. Even after the drop, however, Google still trades at a steep 121 times earnings. By contrast, Yahoo! trades at 54 times earnings.
Herndon, Va.-based Eplus (nasdaq: PLUS - news - people ) was another sale. The company, which sells Internet software applications, is up 9% in 2005, to $12.89. In November 2004, the company had announced a $7.5 million stock buyback program, but said early this month that it was increasing the amount of stock it would buy back to $12.5 million. Gurus sold half their holdings anyway last week. The stock trades at book value. "
"Matt Rand; data provided by Marketocracy, 03.15.05, 4:55 PM ET
NEW YORK - The best 100 investors at Marketocracy were net sellers last week. A substantial portion of the portfolio trimming, which was at a sell-to-buy ratio of 7 to 5, included technology stocks. In their place, gurus were tentative, buying stocks from a variety of industries.
Looking for high yielding preferred stocks? Click here for the latest picks from Forbes/Lehmann Income Securities Investor.
They sold shares of Internet search leader Google (nasdaq: GOOG - news - people ) of Mountain View, Calif. The stock topped $200 in January, but has since slipped back to the 170s, closing at $174.99 on Monday. Gurus sold as Yahoo! (nasdaq: YHOO - news - people ) announced that it would be ramping up its targeted advertising offerings, sending Google to levels just above its 2005 low. Even after the drop, however, Google still trades at a steep 121 times earnings. By contrast, Yahoo! trades at 54 times earnings.
Herndon, Va.-based Eplus (nasdaq: PLUS - news - people ) was another sale. The company, which sells Internet software applications, is up 9% in 2005, to $12.89. In November 2004, the company had announced a $7.5 million stock buyback program, but said early this month that it was increasing the amount of stock it would buy back to $12.5 million. Gurus sold half their holdings anyway last week. The stock trades at book value. "
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