Google hit $600! So what?

Don't break out the champagne. Please, no confetti or balloons either. Six hundred is a nice round, big number, but does it mean anything? Maybe, if you're a financial journalist. Should you get excited? Not unless you buy new highs or are a momentum trader. Lehman Brothers has come out and said that it's going to $714. How in the hell do they know that, especially since Google gives NO guidance? Well, alot of it is tied to rumors of a GPhone. Also, The New York Times reported yesterday that Google is getting into the mobile phone software business. this is a bold move that will create new competitors for the company, ones like AT&T and Verizon who aren't bumbling fools like the gang at Yahoo!. I am not saying that the boys in Mountain View don't run a fine company or that it isn't a good investment. That's for you to decide for yourself. I'm just saying that hitting $600 is not news.