Yeah, but that was WAY below what they predicted. They originally valued their stock at between 110 and 135 to start and had to lower it to 85 when several big investment firms declined. So, if they get up over 100, it won't even get them back to where they wanted to be.
I don't know much about stocks, but the TV guys said it would come back down big time, and that would be a good time to buy in.
you gotta wait unless your clearing house can get shares. we had shares but i dont think you can take them overnight. it sucked i was watching it at the top and didnt act on it. i also had it long at 98.52 and only scalped it for 7 cents instead of the few points i would have been in for. that was the story of my day..lol. oh well there is always tomorrow. it will be sweet when the lock up period ends and insiders start dumping shares. i love watching chaos like that. anyone who buys GOOG for an investment is crazy. its a pump and dump. its like mark cuban running it or something.
This Google IPO somehow keeps reminding me of Red Hat back in 1998 or 1999 when it IPO'd. Shot through the roof, and then dropped like a lead balloon.
except GOOG didnt shoot thru the roof. if it did it was a very very low roof. IPOed much lower than original expectations and the run up is probably only attributed to people who had trouble getting the shares thru the dutch auction being forced to buy in the open market today.
Most tech IPOs are meant to be dumped for a quick gain. If you want an investment, buy the blue chips.
