Now the time is 5:18 PM ET Wednesday. From the time I called GOOG as sell (an hour ago) it has dropped $5. It still has a huge room to go down. All excitements are gone. Tomorrow it is already added to S&P. Purchases are already done. A week from now, we will see a more stable GOOG. It has been up over $55 in the last 5 days. I see GOOG at 368 by option expiry date.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
GOOG today
- Thread starter Walther
- Start date
goog 5 mill secondary offering
Arrogant bunch at Google but why shouldn't they unload another 5 million shares on the public which ran the stock up almost 17%!!!!! just cause its going into the S&P. The average increase last year was more like 3% for a stock going into the S&P. Keep buying it suckers, apparently there is plenty more stock if you want it. BAWAHAHAHAHAHAHAHAHA :eek:
I am 100% sure that when GOOG wanted to go public they clearly announced that they believe in warren Buffet strategy and they won't split the stock in the future. So if they do it now, it will show that they don't have any hope for further exponential growth and they want to increase P/E by splitting and reducing the stock price and making it more affordable to for low budget investors !!!
Someone asked in this thread why they did not do stock split and they issued more shares? Well the answer is easy. Stock split won't benefit the company. By selling more shares they will get half a billion cash.
Someone asked in this thread why they did not do stock split and they issued more shares? Well the answer is easy. Stock split won't benefit the company. By selling more shares they will get half a billion cash.