The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Is Google Glass rose-colored? That’s clearly the right hue for investors.
Shares of Google (GOOG) are up more than 25% so far this year and the stock hit a new all-time high above $888 Tuesday morning.
So naturally, many investors are not just wondering if Google will soon hit $900. They are fantasizing about a quadruple digit stock price. After all, Google would “only” have to climb another 13% or so to get to $1,000. (Google, you may recall, is planning to eventually split its stock. So it may not have this high of a price in the future. But the proposal is on hold for now due to a shareholder lawsuit about whether…
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