Friday, February 03, 2006

I'm in

Ok, so since Google missed expectations by about 12%, I bought a single share at about 12 percent less of Wednesday's starting price, about 300 dollars above it's initial price... Here's to growth! I'll sell at 361.

UPDATE 2/13/06 12:40 PM EST: So my foresight to just sell wasn't enough. I was tempted to buy it back afterwards, but forgot that since I only had one share, the eventual 33 in commissions didn't justify selling at 361 and buying back at even a slightly lower price, much less selling again : / So I'm holding one share with no profits in sight.

6 comments:

Super Cougar said...

Should've bought at the IPO

Will said...

Yeah, I know..

無名 said...

About 12-13 billion USD went down the tubes from their failed target and issues with censorship and plagiarism

Will said...

I would disagree with the phrasing of your comment. Google doesn't have a responsibility to meet analyst expectations and doesn't announce earnings estimates. Before their IPO, they told people not to invest speculatively, even disqualifying them on that basis.

Ethan said...

how much is your commission???!!!
Good luck with your GOOG ... I considered it too but decided against it :)

Will said...

10.99 with Ameritrade...