head line: HIGH PROFILE GOOGLE STOCK AUCTION TURNS INTO DUTCH UP as low ball getz fed to insiders despite the precautions rip a tip tip rip a tip tip moral: " don't try dickin' with dickers " ==================== ok so first day frenzy made the issue pop gave the insiders a quick 18% gain as the whole 20 mill share offering flipped over in DAY ONE TRADING -------------------------------- KOLD FACTS: auction price to insiders $85 first day open to public $100 ----------------------------- by the way $100 per puts a $27 bill market value on the internet search company with just 2,300 employees and big markeyt share itz now worth more on paper then general motors " creating paper billion aires is our game " founding pair now got a nominal 4 bills a piece net worth its their moment outsider shares are only 7% of total outstanding when the tapered lock up completely ends in 6 months and all 270 million shares can be sold then we'll see what the full berg's weight iz on the market i wouldn't count on it being worth 27 bills by then ---------------------------- the point of this whole IPO circus is simple enough really first the underwriting bankers take a hunk 2-4 % of ofering valuation as fees up front and then their select roster of arms length insider wally palz get their taste by selling into a high rising intial open market price wave the quick take away? usually in the 15-25% range -------------------------- these inside guyz play it smart no spec straight fish in a barrel for them get in and out be4 the deal can actually find its price m.o. buy dead low i e screw the company selling the stock take the pop and run like a bandit " okay who's next?" -------------------------------------------------- as for those locked up shares in the back ground especially of the employees at the IPO guyz don't spend it all just yet cause chances are the chances are the price will fall in the next 6 months be4 you get to feed a few of your shares out into the market --------------------------------------------- point here : the Wally insiders got their standard deal despite the goody goody google founder's desire to rid "their "stock's IPO of BIZ AZ USUAL SHADY FIRST DAY POP ======================= sorry guyz shoulda stuck with the 108 auction price the inside sharpsters con worked you DROPPED YER PANTS auction dutch up was at $ 85 and the fucker came out of the gate at $ 100 so now you two founders look like rich brat rubes lnow better then those fabled hollywood oklahoma oil chiefs buddy hacket use to play better stick to the internet guyz leave the finance shit to the Wally boyz and oh whenthe law allows see if you can quietly off load some of your own shares but might back fire you might shoot your own foot off your deals get watched unlike the insiders that rigged this all up same lesson here" only the wally's get a for sure shot to leave the mine shaft when the beams begin to groan -------------------------------------- ----------------------------------Posted by pinky at August 21, 2004 02:49 AM
Posted by: WISE ACRE at August 21, 2004 02:19 PM
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