Well Google announced today they will list on NASDAQ. Still don't know what the symbol will be though.
My vote would have to go for the symbol being "GOO". Just say it outloud and try not to smile.
HAHAHAHAHAHAH could help tooo but laugh sorry!!! :lol: Chahine
I like Google a lot, but I won' buy shares in the auction. The insiders get a 550% return day one because of the auction. That's too big of a markup. I also wonder how a public traded Google will act. They have traditionally been a very secretive company and now they will be required to disclose a ton of information.
That's very true. I say watch list this one for a year or two..
Google is way out in front of the search market now. And search is very profitable. They have very few employees considering their revenue, which is always a good sign of a cash cow.
Well the ticker symbol will be........"GOOG". The will offer about 24.6 million shares with an expected price range of $108 to $135 per share. Pricy, huh?
I'm stunned by the price. I wonder if they aren't misjudging things a bit.
Yeah. Pretty Pricey for sure.. **Remembering the TASR craze** Watch List for now, let others run where "angels fear to tread".. Oh, I forgot.. they "do no evil" ..retract that last statement, please.. LOL!
I'm wondering if I would go so far as shorting Google....I mean it seems weird to do with such a solid company. But when you're that high I can't help but wonder if they're screwed for a couple years because they have such an insanely high IPO.
If you find the right IPO that gets all blown out of proportion and time it right so that shares are available to borrow just as reality sets in, it can work well. You typically can't short sell until a few days after the IPO as the stock certificates haven't been delivered. The certificates have to be available to borrow shares which is what you do when you short a stock. As with everything about investing, timing is the key.
The employees have to hold for a period of time, I think 6 months. That will help keep the price up before the stampede out the door. But the whole idea of a "dutch auction" etc is a bit much. As it stands, Google is making most of their money off AdWords and AdSense. AdSense came when they bought Applied Semantics. Both of these programs are replicable by competitors. I don't think they have any sort of "economic moat".
The Goolgle IPO is getting closer. The IPO web site is up and running. It was expected to occur as early as next Tuesday (August 10th) but looks like it will be delayed a week because they feel Institutional buyers are needing more time. I think they are hoping the Markets will turn around. IPO's and downtrends don't go hand in hand. The wind in this IPO looks to be softening. I'm thinking they may not get the bids they were hoping for. We'll see soon though. I can bid through my broker (Ameritrade) but I'm not convinced it will be good for me. As a website owner I monitor the results I get from search engines. The ones I depend on are Google, Yahoo, MSN, Jeeves and AOL with Google and Yahoo bringing me the most searches. When I started I thought Google was going to be the best in terms of bringing me relevant search results. So far though, Yahoo brings me more than double what Google does. Yahoo has also indexed three times the pages Google has. MSN's search engine is going to be good also when they bring it up fully. So I'm not sure how the Google stock will do long term.
I think I'm going to try an option with this one. I'm pondering buying a long put that is set to expire shortly after the Google insiders are able to sell their shares. I can real easily see the day that the waiting period expires that the price of the stock will drop heavily. I think that Google is a fairly strong company but it is just setting the bar too high with an IPO in that range.
Bidder registration will end at 2:00 pm PDT (5:00 pm EDT) on Thursday, August 12th, so Google could begin accepting bids as early as Friday the 13th (woh, Friday the 13th). Using a modified Dutch Auction Google will find the highest price for which there is demand for "all the shares" which is called the clearing price. The offer price will then be at or below the clearing price. They are offering 25.7 million shares in this auction. Remember, to bid you have to get that bidder ID before registration closes Thursday.
Skip it! These guys are screwed up. This Google IPO is looking like an accident waiting to happen.
Toast.. I would wait on any fancy trade moves on this one. I have a bad feeling about it it. Selling illegal shares sounds underhanded to me. And with all of the corporate scandals like Enron, Martha Stewart, etc. I would hold off in the frenzy.
I'm not talking about any illegal stuff. I'm just saying that quite a few of the employees probably have stock options. There is usually a waiting period of around 6 months before the employees can excercise their options. It is my prediction that when the employees are allowed to start selling their stock that the price will start dropping. I'm just going to buy a put so I can sell the stock at a higher cost.
Well, registration ended today. Will the bidding begin tomorrow? I doubt it. Not to many companys do an IPO on a Friday. But nothing has been too typical about this IPO.
I wouldn't put it past these idiots to go public today! They've done everything else wrong so far.
Google got the green light from the SEC today on it's IPO. The search engine now expects its stock to sell for between $85 and $95 per share, down from its original expected price of $108 to $135. The total number of shares to be sold will also be cut to 19.6 million from 25.7 million. Before shares start trading, the company and its underwriters must announce the share price of the initial sale, notify winning bidders and allocate shares. All of this could happen as soon as this afternoon (Wednesday).
It should be an interesting day once this does open to say the least. [url]www.PokerBulls.com[/url]
Man, they're buying like crazy. Looks like people believe the hype after all.
..Or maybe it will help jump start the market? Get some people back interested? Looks like they are having a good launch, so I'm happy for them.. there are a few more millionaires in California :) .. I just didn't like the auction thing, and it turned me off.
Looks like fair minds ruled. I think they were lucky to get the $15 pop on opening day considering the timing (Summer), the Markets (downtrend) and all the canceled or postponed IPO's.
Like anyone else, they have to show earnings. And with a 7% revenue growth last quarter, we'll see.
Well GOOG is moving higher but next week the first 4.67 million shares comes off restriction. That will really effect the float. I have the full schedule of when shares come off restriction at "Investing with Harvey".
My best guess is that Google will trend down for the immediate future. Most people don't want to buy $100+ shares right now.
Well so far GOOG is doing pretty well and closed today at an all time high of 117.49. It has moved up 17.48 points in the last 9 days.
The stock has been extremely impressive. It will be interesting to see their first earnings release.
Let's face it: they have a chokehold on the search market, at least for now. AdSense is still growing extremely fast and the threat from MSN and Yahoo appears to be overstated, at least in the short term. They could have considerable gains as a company for the forseeable future.
Being on the cutting edge of technology puts them in an interesting position. They have tremendous competition, of course, but with a lot of funding, I'm sure they are planning on upgrading, updating and coming up with new revenue streams. They have a lot of very smart people under their employ, after all.
Giving publishers the option to use three adsense ads per page is going to have a big impact on their bottomline. I'll bet they have a super first earnings release. On the advertising side the minimum cpc of $.05 compared to Overtures minimum $.10 cpc will keep their volume up (Note: Older Overture accounts are grandfathered the prior $.05 min cpc).
Triple ad-serving is a no brainer. Much bigger earnings coming do to that alone.
It looks like they also have plans to release a Google browser prior to the launch of Microsofts next OS. Should make for some good news their way. If they could improve the security and have less crashes, it could very well be brilliant!
GOOG hit an new closing high of $144.11 on Friday and will report earnings after the close next Thursday (10/21/04). That will be very interesting and very telling.
I'm making an order today. Who's with me?
Go Google! [url=http://money.cnn.com/2004/10/21/technology/google/index.htm]Good Publicity[/url] [url=http://cbs.marketwatch.com/news/story.asp?guid=%7B493A8C1F%2DFC56%2D44C8%2D8C62%2D7074D5A6E8D0%7D&siteid=yhoo]More Good Publicity[/url]
Well Thursday GOOG reported earnings of $0.70/shr on sales of $806 million. On Friday it promtly jumped $23.05 (+15%) to close at $172.43, a double from where its IPO priced at and up +72% from its first day closing price.
Well Thursday GOOG reported earnings of $0.70/shr on sales of $806 million. On Friday it promtly jumped $23.05 (+15%) to close at $172.43, a double from where its IPO priced at and up +72% from its first day closing price.
This stock makes me sick. I missed the ipo date because my computer had a virus and I didn't get sharebuilder's ipo news until it was too late. I thought it was overpriced at 95, and it just took off. Did any of you guys cash in on selling it short when it was at 199? I sure hope so. I didn't even want to mess with it back then, and I'm still staying away from it now.
Is anybody still long with GOOG?
I hope not. I've been itching to short it for a while. :lol:
[quote:dfe029102f]This stock makes me sick. I missed the ipo date because my computer had a virus and I didn't get sharebuilder's ipo news until it was too late. I thought it was overpriced at 95, and it just took off. Did any of you guys cash in on selling it short when it was at 199? I sure hope so. I didn't even want to mess with it back then, and I'm still staying away from it now. [/quote:dfe029102f] that sucks man! I feel your pain. Looking at that chart just pisses me off. I probably would have bought 20 shares... but my PC was also crapped out. I just got a new one and have been kicking myself for missing out on the recent rally stocks have had in the past 3 months. I have to say GOOG looks EXTREMELY overvalued right now....50 billion in Market Cap??? Give me a f***ing break!
My sentiments are equal. Their PE ratio is over twice as high as YHOO and EBAY, and it's being supported by some crazy longs and serious major holders. I'm just wondering how long this price can sustain itself, but at this rate, GOOG might eventually exercise a split or some sort of uncanny maneuver. :D
Well GOOG is knockin at the door of another new high again (intraday high of 199.88 ). It will probably break through it's old high of 201.60 and run a bit. It has an unconfirmed earnings release date of 1/20/05, after the close. Stocks in general will probably run higher through options expiration on 1/21/05. If GOOG announces a stock split at earnings release it will probably run a bit then too.