The Google IPO will prove the old saying that IPO stands for “It’s Probably Overpriced.”
If you are thinking about buying any Google stock, wait for the dust to settle after all the suckers jump in and get burned when the stock price comes crashing back down.
Also, those of us on this forum know something that most investors do not know and that is that Google lost a tremendous amount of market share when Yahoo dropped them this year.
So while Google is a great company and it will be the biggest IPO in history, it is NOT a good investment. At least not until the stock price drops back to the offering price.
Just my 2.5 cents …