Not worth the hassle
on
Google IPO Swami
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· Score: 3, Insightful
Google's share price is garunteed to be overvalued. With all the hype surrounding its IPO the price will quickly skyrocket. Any seasoned investor knows that this is one stock to stay away from until things even out. Sure, they is always that chance for a quick profit for day traders. However, the likes of/. readers likely can't come up with or are willing to contribute enough cash to purchase enough shares to make it worth paying the capital gains. My reccomendation, put your money somewhere else. Invest wisely and with a longterm mindset, not because of the hype surround our favorite search engine. But what do I know? I'm just trying to get my brokerage license...
Rethink their IPO? No way! Go public Google, cash in! while the readers of/. might realize google's inability to find useful search results the general public has not. More importantly investors, more particularily would-be investors, have been dying waiting for the tech bubble to reappear. Once google goes public peope will be throwing their money at it left and right. Google founders will sell their shares at a premium before it bursts. The would-be investors get burned. Google founders retire quite wealthy. It's happened before, it will happen again. More power to google but word to the wise, don't buy any of google's stock.
Slashdot Mirror
Google's share price is garunteed to be overvalued. With all the hype surrounding its IPO the price will quickly skyrocket. Any seasoned investor knows that this is one stock to stay away from until things even out. Sure, they is always that chance for a quick profit for day traders. However, the likes of /. readers likely can't come up with or are willing to contribute enough cash to purchase enough shares to make it worth paying the capital gains. My reccomendation, put your money somewhere else. Invest wisely and with a longterm mindset, not because of the hype surround our favorite search engine. But what do I know? I'm just trying to get my brokerage license...
Rethink their IPO? No way! Go public Google, cash in! while the readers of /. might realize google's inability to find useful search results the general public has not. More importantly investors, more particularily would-be investors, have been dying waiting for the tech bubble to reappear. Once google goes public peope will be throwing their money at it left and right. Google founders will sell their shares at a premium before it bursts. The would-be investors get burned. Google founders retire quite wealthy. It's happened before, it will happen again. More power to google but word to the wise, don't buy any of google's stock.