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I thought it was high, but I’m no expert.
I stopped trading after watching my shares turn to dust during Nasdaq plummet a couple years ago
This will be a meltdown of epic proportions. I just hope the rest of the tech sector doesnt get whacked by this boat anchor.
I’ve seen this before with a lot of IPOs. The price goes up and up as demand is there and everyone attempts to make a quick buck. Afterwards the stock usualy plunges.
Do I think the stock is over valued? In my opinion, Yahoo has a better market share, since it owns Overture. That does not mean I would buy Yahoo as it’s current prices, and it certainly means that I think google is way over valued
Antoine
15% profit in one day. Lots of people with smiles on their faces.
The Poker IPO’s might be worth looking at, recently WPTE just did and IPO and it is holding OK
brian
You need to have impecable timing to make a profit on a new public offering. Hmmmm…..its a lot like gambling. Nay, it’s exactly like gambling.
I’d wait until the dust settles, and then take a second look at google.
Originally posted by Fergie
Hmmmm…..its a lot like gambling. Nay, it’s exactly like gambling.So true but the stockmarket doesn’t have the stigma attached to it that gambling does. We don’t see politicians and lobby groups trying to shut down the online trading sites do we?
I very much doubt that the average investor tasted that 15% profit.
This reminds me. The first time I ever tried the stock market I tried an IPO. I dont remember what stock it was, I just wanted to get in because IPOs were the cool thing. By the time my market order went through the stock had gone up 30% or so. The stock never went up after that, it stayed that way for a long time and then gradually it went down. I held on way too long thinking i could at least recoup my money. I think I spent 5k and walked away with 20% of that.
Antoine
