The Google IPO Game

[EquityMind]

<I'm changing my predictions. I've poured through the S1 and done some research. Now I'm speculation an opening price of 81 and a close of 121 per share.> (May 2, 2004)

Looks like I was pretty darn close :)

[webmasterworld.com...]

EquityMind

[loanuniverse]

show off... ;)

[loanuniverse]

I really thought they were going to do some kind of split prior to ipo to get the price within range of what a regular guy can afford without having to go odd-lot. $12,000+ dollars for 100 shares is more than what I thought of investing. I would have to liquidate something or go with less than 100 shares. Time to go over the numbers and see if the stock really supports the PE premium over comparables.

[Chris_R]

I can and have bought odd lots with both etrade and datek without a problem.

As far as I know - they don't have any extra fees that go along with it.

Here is what I get with eTrade when trying to buy one share of NVR (that goes for $400+)

Please verify that your order is correct:

Order Type Qty Company Name and Symbol Price Type Your Price
Buy 1 NVR LP (NVR) GTC/Limit 121.00

Quote Details: Closing prices
Price Today's Change Bid Ask Volume
453.99 +1.09 0.01 907.00 54,800

Estimated commission: $12.99
Estimated total cost: $133.99

With Ameritrade I get:

BUY 1 NVR LIMIT 121.00 GTC $-131.99 NONE

Which leads me to believe the fee for etrade is $12.99 and Ameritrade is $10.99.

I have always heard about the odd lot thing, but since I have been trading (when you had to dial into etrade) I can't recall it ever mattering to me.

Is that maybe a rule with traditional (person to person) brokers?

[loanuniverse]

I think the whole odd-lot thing is more psychological than anything else these days. I remember when I was starting to trade about ten years ago that Schwab had a different fee for odd lots, today I don't think there is much of a difference if any in the one that I use. It is more of the investor's brain wrapping his head around a round number.

[Chris_R]

Well I agree on that, but when you have shares that get that expensive - and can't afford 100 (or don't want a hundred shares) - 10 is a nice round number too :) Or five. 25... 1. I doubt many people buy round lots of Berkshire Hathaway :)

I wonder how long til I can get one from oneshare....

[EquityMind]

<I'm changing my predictions. I've poured through the S1 and done some research. Now I'm speculation an opening price of 81 and a close of 121 per share.> (May 2, 2004)
Looks like I was pretty darn close

[webmasterworld.com...]

And he just keeps getting closer and closer!

Did I win? ;)

[loanuniverse]

EquityMind is not over until is over.