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Well, you might want to talk to some of the Google insiders who have been dumping Google stock like it is going out of style.

Take for instance, Google Senior Vice President Omid, Kordestani. This person is cashing in on all the poor saps who overpaid for Google stock.

1-Jun-05 KORDESTANI, OMID
Senior Vice President 37,915 Indirect Automatic Sale at $289.92 - $292.27 per share. $11,037,0002

1-Jun-05 KORDESTANI, OMID
Senior Vice President 34,453 Indirect Automatic Sale at $288.02 - $289.84 per share. $9,955,0002

1-Jun-05 KORDESTANI, OMID
Senior Vice President 53,546 Indirect Automatic Sale at $287.17 - $288 per share. $15,399,0002

1-Jun-05 KORDESTANI, OMID
Senior Vice President 49,295 Indirect Automatic Sale at $282.99 - $287.16 per share. $14,053,0002

Google has increased in value 179.31% in the last 52 weeks. Do you really think that rate of increase will continue forever on a stock that produces no dividend?

Source: http://finance.yahoo.com/q/it?s=GOOG

Hey it's high and they want to sell and get some money.

I didn't say it would keep going up in value at all, much less that it would keep going up like it has forever. I said they have a solid revenue stream and probably aren't any more overvalued than most of the other stocks out there. Don't put words in my mouth.

The fact that the guy who's in charge of revenue generation at Google has sold more than $50,000,000 of his own GOOG stock over the past week is pretty telling.

Omid Kordestani
Senior Vice President, Global Sales and Business Development

As the individual responsible for Google's revenue generation efforts, Omid Kordestani is the tireless leader of an international sales effort that has brought Google to profitability in record time. Kordestani has more than a dozen years of high-technology consumer and enterprise experience, including key positions at Internet pioneer Netscape Communications. As vice president of Business Development and Sales, Kordestani grew Netscape's website revenue from an annual run-rate of $88 million to more than $200 million in 18 months.

Kordestani joined Netscape as director of OEM Sales, and during his four-year career at that company he was responsible for establishing major customer relationships with Citibank, AOL, Amazon, Intuit, Travelocity, Intel, @Home, eBay, and Excite. Prior to Netscape, Kordestani held positions in marketing, product management, and business development at The 3DO Company, Go Corporation, and Hewlett-Packard.

Kordestani received an MBA from Stanford University and a bachelor of science degree in electrical engineering from San Jose State University.