Google Opening Price and Symbol Announced

[NakaNaka]

Crazy! From the WSJ: Google anticipates IPO price at between $108 and $135 a share, picks "GOOG" as ticker symbol

Damn thats high

 

[isasir]

/puts away the money he was thinking of investing into Google stock.

 

[mavs55]

wtf!

 

[Atomicus]

I know Google is popular.... but $108-$135 per share?

Whomever invests in it is definitely getting bamboozled IMO :disgust:

 

[Argo]

Originally posted by: Atomicus
I know Google is popular.... but $108-$135 per share?

Whomever invests in it is definitely getting bamboozled IMO :disgust:

Well, it depends how many shares they throw at the market. If it's a low number 100+ price can be warranted. Either way, I'm not touching that stock with a ten foot pole.

 

[Modeps]

oh my. I thought the dutch auction was supposed to lower the ipo price....

 

[absolu7]

those crazy greedy russians

 

Christ...I'll keep my money in my ING Direct 5-year CD, thank you very much.

 

[Deleted member 4644]

Originally posted by: absolu7
those crazy greedy russians

ROFL

 

[ViRGE]

Originally posted by: Modeps
oh my. I thought the dutch auction was supposed to lower the ipo price....

That is the lower price. AFAIK, the Dutch Auction is working, people simply want the stock really bad, and are willing to pay for it.

 

[halik]

Originally posted by: NakaNaka
Crazy! From the WSJ: Google anticipates IPO price at between $108 and $135 a share, picks "GOOG" as ticker symbol

Damn thats high

$108-$135... fvck that

nothing like an overhyped IPO with a rediculously high opening price

 

[Triforceofcourage]

What they are doing is starting with a really high price for the stock and it is going to drop as the auction goes on.

 

[Grey]

Wow, talk about flashback to the IPO days. I wonder if they really believe Google is making that much money to be worth more then some major blue chip stocks.

 

[gigapet]

all I can say is if your smart........you will


SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORT

 

[royaldank]

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

 

[theNEOone]

Originally posted by: Modeps
oh my. I thought the dutch auction was supposed to lower the ipo price....

no way, dutch auction actually INCREASES the price. the problem w/ many IPOs is that the stock price is set by the underwriting investment firm. this value is determined by a number of factors, it usually undervalues the stock. you'll see priveleged investors jump at the low price, then turn around an dump them in the secondary market for a huge and quick gain after a few days or weeks. after the shares are in the open market, the price will stabilize at a "fair" price - a price that's usually higher than the IPO price.

the purpose of the dutch auction is to have an IPO at as close a figure to a fair market price as possible. this will decrease the possibility of fluctuations.


=|

 

[codeyf]

Originally posted by: royaldank

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

Obviously nothing, but the value gets cloudy in owning only 1 share vs 100. But, for those looking to buy even a small # of shares (25 +/-), kind of puts it out of reach. I know I was looking to buy 10-20 shares depending on what I could have scrounged up, but no way at that price!

 

[GasX]

Originally posted by: NakaNaka
Damn thats high

why do you say that? do you know how stocks are valued?

 

DOT-BOMB 2004

 

[royaldank]

Originally posted by: codeyf

Originally posted by: royaldank

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

Obviously nothing, but the value gets cloudy in owning only 1 share vs 100. But, for those looking to buy even a small # of shares (25 +/-), kind of puts it out of reach. I know I was looking to buy 10-20 shares depending on what I could have scrounged up, but no way at that price!

Not sure I understand this. Can you possibly explain a bit more? I'm somewhat interested, but I'm not all that knowledgable on stocks in the first place. It's something I'm wanting to get into now that I'm investing money instead of spending all of it. I'm not set on buying Google or anything at the moment, but I am interested in learning about the game some more.

 

[benliong]

Originally posted by: codeyf

Originally posted by: royaldank

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

Obviously nothing, but the value gets cloudy in owning only 1 share vs 100. But, for those looking to buy even a small # of shares (25 +/-), kind of puts it out of reach. I know I was looking to buy 10-20 shares depending on what I could have scrounged up, but no way at that price!

Doesn't it depend on how many shares they have in total?

<-- Me = Stock Market Idiot.

 

[isasir]

Originally posted by: royaldank

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

(I'm not an investor at this time, so this might be wrong but...)

If I can only afford 10 shares, and the stock goes up $10, I make $100. Not worth it to me. If with that same money, I could buy 30 shares, when I make $300, which is a nicer sum of money.

 

[austin316]

Originally posted by: codeyf

Originally posted by: royaldank

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

Obviously nothing, but the value gets cloudy in owning only 1 share vs 100. But, for those looking to buy even a small # of shares (25 +/-), kind of puts it out of reach. I know I was looking to buy 10-20 shares depending on what I could have scrounged up, but no way at that price!

you need to buy more shares than that to offset the cost of purchasing the stock. if you buy ten shares at $25 a share, for $250 and pay a $15 commission for buying them, thats 6% of your investment. Further, you'll take another hit when you sell. You are much better to invest in a bond.

EX: let's say your 10 shares @ $25 reach a high of $30 two years later. So now you have $300 in stock and an increase in value of 20%, which is an absolutely huge gain. However, when you buy/sell the stock, you got charged $15 each time, for a total of $30. So your realized gain is $50 - $30 = $20. or an 8% ROI. A person who bought 1,000 shares @ $25 a share would have an 18.8% ROI!!!

Now while an 8% ROI still seems like an excellent investment, this was based on the fact that google goes up 20% in two years. You have to factor in the risk that it might not go up at all or even, go down in price. With all these factors, you much better investing in a cd or if your really interested in stocks, setting up a DRP account.

 

[austin316]

Originally posted by: isasir

Originally posted by: royaldank

Originally posted by: isasir
/puts away the money he was thinking of investing into Google stock.

What's the difference in owning 1 share at $100 or 100 shares at $1?

(I'm not an investor at this time, so this might be wrong but...)

If I can only afford 10 shares, and the stock goes up $10, I make $100. Not worth it to me. If with that same money, I could buy 30 shares, when I make $300, which is a nicer sum of money.

what your saying is not very likely. if you can afford 3 times as many shares, the gains shown on the stock would only be 1/3 as much. You are just as likely to make $300 either way.

if you have one stock that sells for $10 and another stock that sells for $30. You state that you can afford 30 shares of the ten dollar stock, for a total of $300. the stock then jumps up $10 a share and you now have $600 worth of the stock.

other case is you can afford 10 shares of the $30 stock for a total of $300. Here the shares go up $10 for a total of $400.

Looks like the $10 stock was much better. But here is where your logic is flawed. The $10 stock doubled in price, while the $30 one only went up 33.3%. Stock values are all relative, you don't get a better return if the stock is cheaper. (Unless it is cheaper due to the fact that you feel it has been undervalued).

It is just as easy for a $100 stock to double in price as it is for a $1 stock to double in price.

 

[allisolm]

Well, it depends how many shares they throw at the market. If it's a low number 100+ price can be warranted. Either way, I'm not touching that stock with a ten foot pole.

Supposed to be about 24.5 million shares.