GOOG today

Now the time is 5:18 PM ET Wednesday. From the time I called GOOG as sell (an hour ago) it has dropped $5. It still has a huge room to go down. All excitements are gone. Tomorrow it is already added to S&P. Purchases are already done. A week from now, we will see a more stable GOOG. It has been up over $55 in the last 5 days. I see GOOG at 368 by option expiry date.

 

Another $8 drop in the last 5 minute. I wish you took my advice in my first post.

 

goog 5 mill secondary offering

 

Is there any reason why they can't announce a stock split?

 

GOOG Google files 5.3 mln share registration statement (394.98 +17.78) -Update-

 

Is that a precursor to a stock split?

 

Arrogant bunch at Google but why shouldn't they unload another 5 million shares on the public which ran the stock up almost 17%!!!!! just cause its going into the S&P. The average increase last year was more like 3% for a stock going into the S&P. Keep buying it suckers, apparently there is plenty more stock if you want it. BAWAHAHAHAHAHAHAHAHA :eek:

 

Google already said they would NEVER split their stock in their prospectus when they first IPO.

 

I am 100% sure that when GOOG wanted to go public they clearly announced that they believe in warren Buffet strategy and they won't split the stock in the future. So if they do it now, it will show that they don't have any hope for further exponential growth and they want to increase P/E by splitting and reducing the stock price and making it more affordable to for low budget investors !!!
Someone asked in this thread why they did not do stock split and they issued more shares? Well the answer is easy. Stock split won't benefit the company. By selling more shares they will get half a billion cash.

 

I expect it to open below 380 tomorrow. The good trades for tomorrow would be :
Sell Call 390
Sell PUT 370. The option might get exercised but you will get good money out of it.
Sell PUT 350.
Sell PUT 340.

All are for April.