Skip to content
November 22, 2006

Google stock hits $500

From MercuryNews: Google stock hits $500

The Mountain View Internet company’s high-flying stock topped $500 per share for the first time today, rising $9.03 to $504.08 as of 8:46 a.m.

An investor who bought 10 shares of stock in the company’s August 2004 Dutch auction-style initial public offering would have turned his $850 into $5,040.80, a return of 493 percent on paper.

Just wow. I thought they would hit this mark before end of the year and they did. When they were going for IPO, I was actually interested in buying a couple dozen of ‘em. That time, it started around $80 apiece.

But alas, it all can only be wishful thinking. :D

Written by yuga

Abe is the founder and publisher of YugaTech. You Can follow him on Twitter @abeolandres.

Follow me on Twitter or add me up on Facebook.


6 Responses to “Google stock hits $500”

  1. Miguel
    Twitter:
    says:

    So we just need to keep our eyes open for the next one!

  2. jun
    Twitter:
    says:

    which is the next one?

    a web 2.0 company?

    or Yugatech and PTB?

    On a whimsical note: Which Filipino blog is or is potentially a target for acquisition, on a business sense?

  3. Miguel
    Twitter:
    says:

    A web 2.0 company. But hey blog networks get acquired and invested into.

    I don’t know who’s selling, but I I’m sure INQ7 is buying!

  4. Jazzy says:

    a hard lesson for everyone. An analysis paralysis that costs us thousands of dollars. :)

  5. Miguel
    Twitter:
    says:

    I just watched Casino Royale. I hope they don’t think of that in real life…

  6. chris says:

    a 4th grader can trade google. Learn flags and pennants. Here is last weeks google chart with technical analysis.

    http://www.naughtyconnect.com/z.jpg

    I trade goog once per day. 70% of the time i am right.

    Happy trading.

    -Chris

Leave a Reply

*
*