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Thread: google officially traded thurs

  1. #1
    tampafldancer
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    Default google officially traded thurs

    to buy or not to buy?

  2. #2
    God/dess NinaDaisy's Avatar
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    Default Re:google officially traded thurs

    At $100+a share? If you can afford it, God bless you.

    I'm not sure if it'll go up that much more though, if it does it would only be beneficial if you had at least a few hundred shares of it. I don't forsee it as being a good, long-term stock.

    It might have a few blips where it goes up here and there, but I predict within 6 months it'll be below $90 a share, and stay that way or keep inching down.
    "She has written so well, and marvellously well, that I was completely ashamed of myself as a writer...But this girl, who is to my knowledge very unpleasant and we might even say a high-grade bitch, can write rings around all of us who consider ourselves as writers"

    Ernest Hemingway on writer, aviation pioneer and horse trainer Beryl Markham


  3. #3
    God/dess montythegeek's Avatar
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    Default Re:google officially traded thurs

    I would not rush to buy it because there are to many unknowns. You know the search engine works well but the places were the company makes money are rather limited. Ad revenue and some licensing of the software.

    Unless there is some unknown product out there, what could make revenue grow rapidly? I do not know. Then you have the people who got sucked into the excitement but had never owned individual stocks before. Are the going to stick around IF it goes down $10/share? Who knows.

    Plus you have a management that has been used to doing whatever they wanted to, and an unknown quantity of shares not held by the public coming to the market sometime, somewhere. All unknowns to stack against an ad-revenue base not likely to grow real fast.

    It may make money but it ain't going to be a must own stock in the best of worlds for awhile.

  4. #4
    tampafldancer
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    Default Re:google officially traded thurs

    it started trading AT 85, its up past 100 now.

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    Banned Melonie's Avatar
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    Default Re:google officially traded thurs

    I agree monty. Like most IPO's, this stock appeals to the emotions rather than economic fundamentals. Also, with 97% of their revenues coming from advertisers, they're vulnerable to the same sort of competition that they themselves posed for Lycos and other earlier search engine pioneers. I can think of much less risky places to park $10 grand.

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    God/dess NinaDaisy's Avatar
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    Default Re:google officially traded thurs

    Yeah, during the dot-com bubble people kind of forgot about little things like "business plans" and "profits". It was all like so much Monopoly money...

    Put your money elswhere.
    "She has written so well, and marvellously well, that I was completely ashamed of myself as a writer...But this girl, who is to my knowledge very unpleasant and we might even say a high-grade bitch, can write rings around all of us who consider ourselves as writers"

    Ernest Hemingway on writer, aviation pioneer and horse trainer Beryl Markham


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    God/dess Emily's Avatar
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    Default Re:google officially traded thurs

    but...

    ...stock prices aren't based on actual profitablity of the company, but rather, the perceived value of the company. If you want to gamble on that, go for it, but see this opportunity as a short-term one for someone that is very knowledgable about the trends associated with the stock market and this particular company.

    Me, personally....I wouldn't do it. But I have long-term saving goals...

  8. #8
    tampafldancer
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    Default Re:google officially traded thurs

    thanks guys for the imput!

    I considered adding it to my sharebuilder this month, but wouldn't make a huge investment in it for obvious reasons.
    10 or 20 shares that basically wouldnt do much but sit for a while.

  9. #9
    Banned Melonie's Avatar
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    Default Re:google officially traded thurs

    If you're buying stocks in less than 100 share lots, I sure hope that you've got some sort of special commission deal built into your ShareBuilder program ! Even paying a $7.95 discount commission to buy a 10 or 20 share lot (and another $7.95 discount commission to sell it) sets the "break even" hurdle pretty high before you even start praying for a profit!

  10. #10
    God/dess montythegeek's Avatar
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    Default Re:google officially traded thurs

    Quote Originally Posted by Melonie link=board=6;threadid=12370;start=msg163948#msg163 948 date=1093487583
    If you're buying stocks in less than 100 share lots, I sure hope that you've got some sort of special commission deal built into your ShareBuilder program ! Even paying a $7.95 discount commission to buy a 10 or 20 share lot (and another $7.95 discount commission to sell it) sets the "break even" hurdle pretty high before you even start praying for a profit!
    Melonie (Her moderatorness! LOL) is dead on again.
    Sharebuilder has 3 accounts the basic is
    "At just $4 per automatic investment (weekly, monthly or one-time scheduled purchases of stock) ShareBuilder Basic is an easy way to get started investing one stock at a time"
    $4 per week on $100 is a bit expensive. 4%
    $4/week on $200 is 2%
    $4/month on $400 (4weeksx100/week) is 1%--a lot cheaper
    and the next tier at $20/month +$2/trade on the same amounts is a($240+104)/52week is also expensive vs a lot of small $value transactions.

    Take any fee schedule and figure out its percentage cost for the money you invest. Look at how much you save by buying once a month for small conributions and the benefits of weekly are real but just not 3% of the total.

  11. #11
    Banned Melonie's Avatar
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    Default Re:google officially traded thurs

    Take any fee schedule and figure out its percentage cost for the money you invest. Look at how much you save by buying once a month for small conributions and the benefits of weekly are real but just not 3% of the total.
    Yup, this sort of "hidden commission" can get scary - compared to a discount $7.95 commission from a straight purchase using a discount online broker. For example buying 100 shares of a $20 stock once every 2 months amounts to a 0.4% commission !

  12. #12
    God/dess montythegeek's Avatar
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    Default Re:google officially traded thurs

    People need to be aware of how the price can be hidden for all kinds of stuff. Figure the total cost.

    Take a comparable example of a long distance service. 2 cents a minute +10/month vs. 10 cents a minute and no monthly fee. The best deal depends on you, not the rate. Call a lot of minutes and the cheap per minute matters. Call few and the $120/year eats any per minute savings.

    Then add another dimension--the way they structure fees to pay the local carrier on the other end and universal service fees. Since these are based on lagged experience you might get a good rate now because the carrier is growing fast and the same carrier shafts you a year later because their fees zoomed.

    The same, or comparable items can eat away at your portfolio and your total return just like they can raise your phone bill. Do not get burned by inertia when things change. If you use a cost test service like yahoo's phone bill look first for sources of bias. I am not saying they are biased toward advertisers, merely that they could be.

    Also read the darn fine print!!!!! Many advertised rates only apply to volume traders which 80-90% of investors should not be.

  13. #13
    Pamela
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    Default Re:google officially traded thurs

    Read about it. Not too keen on it. Not me.

    Pamela

  14. #14
    God/dess montythegeek's Avatar
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    Default Re:google officially traded thurs

    Quote Originally Posted by Pamela link=board=6;threadid=12370;start=msg166349#msg166 349 date=1093795515
    Read about it. Not too keen on it. Not me.

    Pamela
    This is the absolute right way to make a decision. Only time will tell if it WAS right (and no one knows which way it will go + or -), but it was made the right way. Read, assessed the risks, and decided if it was right FOR HER--not right in an absolute sense, but right for her.

    One's choices in investment vehicles are what is right for YOU.

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