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The Google IPO Game

     
8:40 pm on Jul 26, 2004 (gmt 0)

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<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 :)

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EquityMind

8:47 pm on July 26, 2004 (gmt 0)

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show off... ;)
9:52 pm on July 26, 2004 (gmt 0)

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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.
11:36 pm on July 26, 2004 (gmt 0)

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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?

12:04 am on July 27, 2004 (gmt 0)

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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.
12:13 am on July 27, 2004 (gmt 0)

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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....

4:44 pm on Aug 18, 2004 (gmt 0)

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<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

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And he just keeps getting closer and closer!

Did I win? ;)

5:39 pm on Aug 18, 2004 (gmt 0)

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EquityMind is not over until is over.
 

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