Google IPO

[Jeff Rodriguez]

http://apnews.myway.com/article/20040819/D84I14801.html

Has anyone been following the news with Google's IPO? The 'newest' numbers say $23.1 BILLION dollars, and $85 a share. That's pretty insane. How do you think it will do? Is anyone planning on buying any?

I'm thinking of getting some. I don't own any stock, or have any money invested, but I think Google would be a good place to start. I've followed the stock market for awhile, but never invested. I know there are plenty of risks, but I don't think this world will let Google fail. Too many people depend on it.
Any thoughts?

[JohnBoucher]

Let's see where the price really is after a few days of trading. I agree that as a company they are here to stay, but I don't believe that the stock will stay near the $85.00.

We should know later today.

[Ashley Weed]

I heard it earlier this morning on the radio. I plan to watch closely and possibly add Google stock in with my Biotech stocks. I do anticipate that they will drop over the first month - three months. However, I would say within six months or by Christmas time stocks will be back to $85 or soaring by that time.

[Joshua May]

Yeah, I heard about this and it's crazy, $85 a share. I'm too cheap for that, so I'll just invest in Martha Stuart Living.

[Jessica Boucher]

Although I think the Google IPO is cool, I would wait a couple of weeks before getting it, so that the price has time to stabilize.

If you're really interested in getting into investing, the best way would be to look at an index fund, which is a mutual fund that includes every stock in an entire index, for example, the S&P 500. If they on a whole do well, you do well. Becuase it's not a "special picked crop" of stocks like most mutual funds are, there's less overhead cost because there's much less work involved for a broker. A fairly equivalent type of investment is through a spider, a relatively new way of investing that works a little like indexes.

-Jessica B, who gets a check for about $.20 every quarter in dividends for her one share of stock, because she thought it would be cool.

[Jeff Rodriguez]

I've though about mutual funds, and that stuff, but, that's no fun. The best part (most fun) is picking stocks and then having them do well. It's very satisfying, for me at least.

[Astronouth7303]

While I would love to have some stock in Google, it would be unwise.

• It's really hot right now. in the long run it will go down
• it's generally unwise to invest in one company
• I haven't been closely following the price, so I know 0 about what it's doing.

Maybe eventually, but not right now.
(anyone know of a URL for bots on stock prices?)

[Matt Attallah]

Hasn't Google been around for a while. And I'm gonna have to disagree about it "just being hot" I think for how many people use it, the non-clutter you get (compred to Yahoo, MSN, Lycos, ECT..) and the way it has spell check (95% of my hits are used for their spell checker on the fly) i don't see it going down at any time soon. I think it will stay up there (and even go higher)

[Jeff Rodriguez]

Google has been around 6 years or so, but they weren't a publicly traded company, you couldn't buy stock in them, until today.

[Adam Y.]

Let's see where the price really is after a few days of trading. I agree that as a company they are here to stay, but I don't believe that the stock will stay near the $85.00.

Actually a person on the news said it should bottom out at $120.00. As of right now it's $100 dollars a share. He recommends waiting a short while for all the workers which have share in the stock to dump it. They have to hold onto the stock until a certain period but then they become millionaires.

[Leon Machado IV]

I know one reason their trying to keep it so high is to prevent Microsoft from legally buying them out (Microsoft already made one attempt on Google, which failed due to no public stock).

[Joshua May]

Sorry to bring this thread back, but about 9 months later, Google's stock has now broken $300 a share.

Wow.

Man I wish I had the money back then to buy some stock.

http://money.cnn.com/2005/06/27/tech...ex.htm?cnn=yes