Google may plunge at launch? Pretrade offer $55.00

yahoo ^ | 19-Aug-2004 | epluribus_2

[epluribus_2]

if I read this right, betting is that Google falls faster than Kerry on a snowboard after it goes on sale.

GOOGLE (RTM/ECN) Symbol: GOOG Last Trade: N/A After Hours Change: N/A Today's Change: N/A Bid: 55.00 Ask: N/A

[epluribus_2]

anyone know how to interpret this?

[Mr. Jeeves]

It's probably worth $10. People aren't as stupid as they were four years ago.

[OldFriend]

Somebody was determined to make sure this stock barely got off the ground.

Lots of suspects that I won't mention.

[mlbford2]

Depends on the PE ratio and how many stock issued. The problem 4yrs ago was that companies were banging at 500pe with 500gillion shares. I don't think Google offered this type of IPO. I still wouldn't trade this stock though. Way too volatile. I'll stick with broad market indexes and close my positions at each days close. I like to sleep at night.

[Arthalion]

There are two main differences between Google and the dot-bombs a few years back.

1) Google actually has a licensable product beyond their website. Their data searching and sorting algorithms are among the best on the planet and are a product that many corporations would be interested in obtaining. This is a relatively untapped market for them at the moment.

2) Google already makes a profit, and isn't a money eating black hole like so many of its predecessors.

I don't think GOOG is worth quite what they're asking for it, but it's certainly worth more than $10 (I'd place it mid-$50's).

[Mr. Jeeves]

Well, I'll mention them - since Forbes did. Goldman Sachs and JP Morgan Chase.

[babaloo]

Per CNBC there have been no trades. The stock is still held. They showed the NASDAQ board with GOOG up 60% twice but also said it was held for trading. Confusion reigns!

[Phantom Lord]

Currently trading at $135

[NonValueAdded]

now ranging between $98 and $100 on volume of 1,000,000 plus.

[Phantom Lord]

Now at $140!

[NonValueAdded]

you must be looking at the 20 minute delayed quotes. It is now 3,000,000 shares traded, price at $96.25

[Phantom Lord]

Where are you getting the $98 to $100? Yahoo Finance has the last trade at $140

[Phantom Lord]

Could be.

[Spottys Spurs]

Yeah...it's overpriced!

[Mr. Jeeves]

Anyone remember day one of the PALM IPO?

[fooman]

www.isld.com

Definately pressure on the buy side...

[NonValueAdded]

I'm looking at etrade's marketcaster real trade quotes. Yahoo is way behind.

[babaloo]

Settling down at 97. That is very positive for the market overall. It will inspire more IPO's and give investors some much needed confidence.

[So Cal Rocket]

Lotsa bids in the high 97's
Lotsa asks in the low 98's

[NonValueAdded]

real trade = real time, sorry. over 4 million traded, now at $97.61