What Did You Buy Today?

[fenders53]

(08-04-2020, 10:27 PM)vbin Wrote:

(08-04-2020, 10:06 PM)fenders53 Wrote:

(08-04-2020, 02:18 PM)vbin Wrote: Started a small position in GOOGL after selling my initial position for ~$300  9 years ago( just kept waiting like a fool) Google remain undervalued in my opinion. More and more retailers and businesses are going to move online and compete for online ads and SEO. Google cloud and ads business will be the biggest beneficiary for this behavior change and Google will see tremendous growth in cloud combined with ads revenue and  SEO dependancy for retailers.

GOOGL looks good for a long-term play.  I think it has less downside risk than the other FAANG stocks if the market gets spooked.  The GOV will probably keep harassing them all for awhile though.

Govts harasses everyone( sometime for right reasons sometimes for wrong). I will buy more if th y come down. I am bulish on GCP. Most of the retailers will be/ should be avoiding aws. They will be real stupid if they don't. That's like giving profits to compition. They will have 2 main choices after that Azure and GCP. I won't be surprised if a lot of them chooses GCP given the relationship their teams will have with Google. I am considering these buys as investing  in GCP in early stages. Cloud business at the start of the year was at ~$300 billion and supposed to reach $400 in next 2 years. Covid is just going to accelerate that.

Much of the true big tech really does have borderline monopolies.  That's how you become king of the hill.  MSFT and INTC were ruthless back in the day.  They would "highly recommend" you not engage in business with their competitors for fear your MSFT-INTC products might be "delayed".  Got their wings clipped eventually.  The current GOV proceedings will go on for awhile.  It's not a completely bad thing for consumers, and GOOGL will be OK.