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Old 08-13-2004, 01:19 PM   #1
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Google IPO auction started today

.....What are your thoughts on this?
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Old 08-13-2004, 01:42 PM   #2
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link ?
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Old 08-13-2004, 01:44 PM   #3
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Originally posted by DarkJedi
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https://www.ipo.google.com/
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Old 08-13-2004, 01:44 PM   #4
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Anybody planning on buying some of their shares once the public can buy them?
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Old 08-13-2004, 02:14 PM   #5
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Originally posted by garygmoney
Anybody planning on buying some of their shares once the public can buy them?
Ah, i don't know. Contemplating rather it would be worth the investment. Ive never really messed with stocks or anything before, so I'd probably go to my grandparents and ask them before I did anything
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Old 08-13-2004, 02:18 PM   #6
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I have been dealing with stocks since I was a little kid because my dad thought it would be good for me to learn.

My thoughts are that once something like this goes public you are basically the last to know and the last to get in, the real money has been made or will be made shortly after you get your stock by the original owners dumping their shares on the open market for the band wagon of people who were waiting to get a shot at it to get in. This CAN set up a dangerous situation but usually the public buys up enough stock to equalize the movements of the big boys, you should hope or you are just buying into a big name for nothing.
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Old 08-13-2004, 02:28 PM   #7
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the Google IPO is strange...

all kinds of rules were taken out that normally are set by securities companies to secure the stock price. $120 for a google share? How stupid is that... Its a silly idea to value it that high.

Also, the employees and owners do not have locked shares. They can sell a lot of them already at the beginning. Actually half of the 3.7 million shares sold on day one are from EMPLOYEES nto from underwriters!

In the next 6 months, there will be around 270 million shares that COULD be sold to the public. This is UNSEEN in IPOs.. its a MAJOR nono, since it basically MAKES the price drop.

I'm just wondering how far it will go down..

This is just another bubble waiting to burst... An SE company that makes 960 million in income with a market cap of 30 to 36 BILLION?! give me a break.

To keep this stock price up, they have to make more money VERY FAST... this is not going to be easy for them especially when they are getting competition from microsoft and others.
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Old 08-13-2004, 02:35 PM   #8
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i sale google bidder id#'s cheap.. no longer available to the public..
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Old 08-13-2004, 02:42 PM   #10
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Quote:
Originally posted by jade_dragon
you are just buying into a big name for nothing.
Thats what ive been thinking....
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