8/19 So when can Google be shorted? Is that possible already? What
about options?
\_ As soon as it starts trading. You can't short or option it when
there's no price.
\_ I thought the SEC imposes a waiting period.
\_ Why do you think Google should be shorted? -tom
\_ Very high P/E ratio, uncertain prospects for growth, and a lot
of privately-held stock remaining to be sold. -!op
\_ They have been trying their best to diversify, but YHOO is a
veteran at this. At or below YHOO within 6 months. -!op
\_ In what way is GOOG above YHOO now? -tom
\_ share price, buzz, YHOO is time-tested
\_ which is completely meaningless. -tom
\_ to the knowledgable investor, which would be great
in a market driven by said investors.
\_ Here's some news for you: people who don't know
the difference between share price and market
cap are not the ones driving the market. -tom
\_ is this how it should be, how it is, or
somewhere in between?
\_ Ask BRKA. -tom
\_ don't ask an exception to the rule for
objective advice. In any case, opening
price is a big deal for IPOs. Otherwise
there wouldn't be so many articles
in major publications written about it.
Follow your own axiom 1. I even feel
stupid writing GOOG goes down because
it wants to match YHOO, but I can't
help but feel it will end up being true.
\_ You feel stupid because it's a stupid
thing to say. You want to bet on
GOOG vs. YHOO? -tom
\_ No, for personal reasons, I won't
bet in this specific instance.
(But I would still put money
on YHOO vs. GOOG. And while I
agree it *feels* like a "stupid
thing to say", I still say it
will probably end up being true.)
\_ Okay, okay, you got me. P/E between
YHOO and GOOG are similar. I thought
they were different. I am lame.
Revised, it doesn't make sense if
GOOG drops below YHOO in share price --
it could happen, but only if investors
are dumb *and* GOOD really messes it up.
\_ Google treats options as an
expense and books them as such.
Yahoo does not. Want to run your
numbers again, grasshopper?
\_ Hey, I have no credibility now,
stop bothering me. Go bother tom.
\_ Short YHOO, too. They are both
overvalued.
\_ according to what metrics?
\_ So forth and speculate.
\_ This doesn't answer your q, but GOOG peaked a couple hours ago ...
\_ A long slow peak at 104 and now settling around 100...
\_ I say $80 within a week! $30 within six months!
Rationale? GOOG wants to be at or below YHOO in price per shr.
GOOG owners want GOOG to go up from $100, of course.
\_ Care to put your money where your mouth is?
\_ So when can Google be shorted? Is it possible already?
\_ why don't you just try it? I personally lack the
mindset for shorting. All the shorts I picked
eventually turned out to be right (eg. shorted
PMCS at above 20), but I always gave up too early.
\_ You've got 30 (calendar) days to wait. Right now, I suspect that
that the extra 20% of stocks that were held back from the IPO are
going to slowly start flooding the market dropping the price. |