|The only winners today are the VCs and investment bankers who bought in and sold out. |
Everyone who bought google at the IPO has made money if they sell now.
And if this jump was so easy to predict - why didn't those people buy more?
People can pick on the IPO all they want. Google got more for their company than any other internet IPO in history.
It was a success. People six months ago were predicting 20 Billion dollar market caps.
Know what I'm disappointed about?
I was hoping for a homepage graphic!
They have one - look closely - google is giviing the finger to everyone who doubted them :)
Yes I agree Google (GOOG) should have a Google graphic showing their Debut for sure, GOOGLEGUY whattya say?!
Not a bad start on the IP price but expect lots of swinging and manipulation, watch the volume on the sell side as compared to the buy side. (Shows shorting action better)
lol, Chris_R. It's awesome for a 6yr company. They are still learning, and fast too.
I think their initial evaluation of $108 was a good one.
One another missed oppurtunity :(
>The only winners today are
The webmasters who have been riding the google wave for 6 years.
That is true. Google has been very good to me the past few years. There are times, (Florida comes to mind) when I have been a bit upset, but it's been a very valuable part of our company.
So this should allow for the open return of GoogleGuy, now that the quiet period is over.
>>They have one - look closely - google is giviing the finger to everyone who doubted them :) <<
Look real close and you'll see the finger is wearing a new diamond ring.
It is probably driving Google shareholders crazy that most of the charts are showing GOOG shares nose-diving from $135 to $100 since the opening this morning. [ [finance.yahoo.com...] ]
Nasdaq officials say that two trades were prematurely posted before the start of trading, thus the big 'drop.'
A little bit more info on the initial problems:
|Nasdaq officials said a delay in trading was standard for IPOs, and added that there were some technical issues as the Nasdaq matched bid and ask prices in the minutes leading up to trading. |
I really wish some reporter (a la Battelle) was allowed to spend the day today at the 'Plex. I would love to read an account of what's happening in there....
What about the others?
Are all down because of GOOG? .. EBAY, ASKJ, MSFT, YHOO... all of them showing red now.
|Are all down because of GOOG? |
Most likely not. I was quoting them before as people seemed to be bidding these up to ride the wave.
MSFT is too unreleated to matter - and itisn't like google going public should be a suprise to anyone. The market is down overall today - except for google of course :)
Mamma.com had a pretty good gain today.
|brotherhood of LAN|
Anyone sold them yet (or are you able to yet?)
Looks like Google will be a darling once again, aren't they smooth.
I have sold the vast majority of my shares. I think they are a little overvalued at this point, but will pick them up again if things change.
They aren't any more overvalued than yahoo in my opinion and paid search has a good future.
THANKS GOOGLE FOR THE NICE ONE DAY PROFIT :)
/got out from most around $103
Thanks Google for the nice vacation money. I just felt uncomfortable leaving $18 per share on the table. If the $140 price had stuck, I would have liquidated all of them. No way I would have felt good with that kind of PE.
How little a pop this high flyer provided on the first day of IPO is disappointing?. I know some of you flippers are happy for the one day pop. With this little pop / cushion, there is little comfort for the long time holders to stick on to the stock.
One more negative news, if any, this baby could easily go down below the IPO price!
Normally traders take positions in early morning and wind them down towards the end of the day. What will happen during the last fifteen minutes?
|I have sold the vast majority of my shares |
Ditto, thanks GOOG!
Kept 1 share - see you at the stockholders meeting!
I think it closed at about $100.
Overall, even after all the problems, I think it was a success. I am not traveling to California to vote, but lets see if we can get Googleguy to call us "Boss"
Down slightly in after hours:
|After Hours (RTM/ECN): 100.04 Down 0.295 (0.29%) |
|Let's say a fair price for a Google share is $150. Had they gone through the traditional methods, they would have pulled in $150 less the traditional 15% discount or $127.50. That means Brin's bravado cost his company several billion dollars in working capital. Hey, great going guys. You must be all smiles. |
IPOs don't work like that! The company prices its shares and receives payment at the pricing point, which is determined in advance of the open. Companies don't get to sell at the opening price - all the shares have already been sold before the market in the stock begins.
In other words, Google would (under a conventional IPO process) have perhaps been priced at something like $30-50. The first trade would have been the same as now i.e. $100 and the headlines would have been "Google doubles/trebles on first day" - but Google themselves would only have banked that $30-50 a share.
That's why during the dot-com bubble companies were going up eye-watering amounts like 600% on the first day - their financial advisors were dramatically underestimating interest in the stock, and the companies were leaving $billions on the table.
The way Google did it, they only ultimately left $15 on the table, which is an excellent result.
|THANKS GOOGLE FOR THE NICE ONE DAY PROFIT :) |
You could have made more investing in MAMA. :D
For the day traders, it came off about like a favorite at the horse track, 6:5 Odds or about 20 cents for every dollar invested. Poor odds for the money at risk, but it did come in.
It will be interesting to see if the price holds when Yahoo and AOL decide to dump their 2.3 million shares.
<added> I personally prefer lots of those little $5 shares that gain a dollar. ;) </added>
I could be wrong (can't get to email right now) but I think AOL had all of theirs on the table, didn't they?
Fox News could be wrong as well, but they are reporting:
Yahoo Inc. (YHOO) and America Online Inc., which were early investors in Google, still plan to sell. Yahoo, now one of Google's biggest rivals, is selling 1,610,758 shares; AOL will unload 743,745, according to the filing. At $90 per share, Yahoo would collect $145 million, while AOL, part of Time Warner Inc. (TWX), would reap $66.9 million.
Also, a nice Google trading day summary:
Brin and Page: The $3.7 Billion (each) Men...
>>Let's say a fair price for a Google share is $150.
...get's my vote for straw man argument of the week.
do you want those cuban cigars to be shipped to London?
<>The only winners today are
The webmasters who have been riding the google wave for 6 years.>
Agreed - Hey Google bought my house :)
Congrats to the GOOG team
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