Once again I’m thinking that gap’s gonna get filled…
I can’t borrow any shares, so it’s all academic.
And just FYI, here’s a note from yesterday’s Briefing.com on the lock-up expiration:
Google: Notes on Google’s Lock-Up Expirations — UBS (GOOG) 184.87 : –Update– UBS out noting that today 39.1 mln shares of Google stock become eligible for sale under the lock-up agreement. However, other restrictions may affect the status of these shares. It is impossible to determine how many, if any, will actually be sold. The firm does not expect significant downward pressure based on this expiration, but the flood of shares over the next few months could impact the stock. UBS believes the 39.1 mln shares represent stock from three groups, 1) approx 25 mln shares from the parties to the Investor Rights Agreement (primarily VC’s and other early investors), 2) approx 4-5 mln shares belonging to executive officers, and 3) approx 9-10 million shares belonging to other Google employees and entities not party to the Investor Rights Agreement. Maintains $160 tgt and Reduce rating.
“I can’t borrow any shares, so it’s all academic.”
Might consider options then.
Yeah, I’ve been meaning to learn options for years now for that very reason. One of these days I’ll branch out.
The float is about 60 million, so 1/6 is still short, and the puts still outnumber calls substantially. The sentiment on one of the fastest growing companies in history is very negative. There are about 45 days to the next lockup. The message board posters are also very negative. I think that is all a recipe for a run over $200.
billy joe, what message boards are you talking about?