Hank [BS/MSEE,
MSM $$$, Ph.D. Mgmt] teaches Entrepreneurship
&
Innovation and Marketing
@ Purdue University, W. Lafayette, Indiana USA.
His interests include students, anything involving technology, Social
Marketing,
brain-computer interfaces, and boomers as
entrepreneurs. He is also coordinator of Purdue's Certificate
in Entrepreneurship Program. Hank can be
reached 24/7 here: hank -at-entr200-dot-com.
Yesterday Google’s share price shot from $449.54 @ opening to $540.19 @ close, about a 19% gain. This is the largest single day gain for Google’s stock since opening day. Want to know what’s going on? Bottom line is comScore blew it, and now their stock is taking a hit. Read about it here and here: Hank
I keep pretty up to date on the financial markets and I read about this when it appended. The price skyrocketed Thursday Night and Friday morning before the markets opened again. Man… I should have invested when they went public for $85. sigh….
Heck Will you should have invested when the stock dropped anyways…
I feel like this is one of those occasions in which people should stop listening to analysts and start educating themselves on the industry and company they are looking to invest in. Hank, you gave the claim in the beginning of class that you thought tech company X would go up, but you did it because you know the industry it plays in. At least if you buy it and it goes down you made a bad informed call…
That is incredible. I heard about this on the news. Didn’t the founders sell some or all of their shares?
Look what I just ran across: an article about Google’s IPO, written in 2004.
http://www.google-watch.org/googles-ipo.html
I feel your pain Will. To think that this stock could have easily been purchased by us at its IPO. It definitely would have been a good one to hold on to and obviously would have brought in quite a return.
why didnt i invest….
You know i believe we all should have invested, but the sad truth is that we didnt do it and now someone else is rich. For those of you who did invest..good for you spend it wisely. The way i see it we can do one of two things with this knowledge…either we can cry about our failure to invest or you can see what was done right, what has been done wrong, learn from it, and use it. Thats just my opinion so take it as you will.
Pretty sad that we all didn’t invest, but I think it’s great that Google continues to rise in value. Now that its shares are so high though, I’m trying to find the next Google stock whose IPO is pretty cheap and has the potential to yield high % returns…Hopefully I’ll find something close to being as successful as google stock!
comScore screw up or not, Google’s benefiting. Yes, bad luck on the part of comScore for coming out with that report and initially saying Google was going down, but the big giant pulled through again. The numbers don’t lie - the 19% gain is incredible, especially since that is the largest spike (in a single day) for the company since its start.
And $85 sounds a whole lot nicer to jump in at than $540.19!!
OK…I like Google as much as the next person but I think it is SOOOO important for people to realize something very important….IT IS NOT “EASY” to purchase a stock at it’s IPO often. Yah, we all probably could have bought somewhere in the $100’s or $200’s but the chances of you being one of the people that got shares for $85…almost zero. For their IPO Google used a Dutch Auction format…if you don’t understand that, look it up…secondly, you had to be a pre-approved bidder with a unique bidder i.d. to even have a chance to enter your bid for shares…and finally, the fact that this was “the most anticipated tech IPO” ever made it even less likely of any of us getting in on the IPO.
Anyway, I’m not saying don’t dream about making it rich in one day, but just realize it is extremely unlikely and VERY difficult.
It’s hard to find companies that will be as successful as Google, but if you do your research your investment just might pay off. The bad part is watching the stock you’re researching rise while you’re still doing research, then to watch it fall too.
If only I would have had money to buy google’s stock at $450 a share…
Google’s stock grew 19% in one day…
What will happen next?
I am clueless when it comes to stocks, but it definitely looks like something that I should start investing in.
If only I knew about stocks way back when Google first started and had the money to invest…even today I’d still consider investing if I had the money to do so…