I would have rather set the stock price at perhaps a PE of 8 or 10. (I think Google’s stock is at about a PE of 12). The stock would have risen steadily after the initial offering.
But then I’m honest, as are most Freepers. This stunt seems crooked to me...to issue the stock at an inflated price and them dump shares and cause huge losses to almost everyone else (except those shorting the stock.)
Isn’t this the way of the times? Bend the rules, behave as if there is no tomorrow, reputation does not matter only the gain.
Legally correct but morally and ethically bankrupt.
Two things about Gen Y and others of this day... the need to teach ethics and the response you get when you ask them what they think... what do you want me to think?
Google PE Ratio - 2004 to 2011
See post #5. His sale was not only legal, it was done in a 100% ethical manner.