The Google IPO

The Google IPO


Google says its 26.4 million shares will likely cost between $108 and $135 apiece, according to a pre-IPO filing with the Securities & Exchange Commission.

This is way way too expensive and the price will drop substantially as the stock gets shorted into oblivion.

“It’s priced for ultimate perfection,” says one Google investor, who plans on selling quickly after the offering.

But if you must. 

However, chant this mantra first, “the stock is not the company, the stock is not the company.” Google the company is wonderful, Google the stock at say, $120, will be a sinking stone. At that price, the upside potential is tiny, the downside risk is enormous.

Comments are closed.

Powered by WordPress. Designed by WooThemes