Google stock hits $500

From MercuryNews: Google stock hits $500PHP 29,343INR 42,375EUR 476CNY 3,639

The Mountain View Internet company’s high-flying stock topped $500PHP 29,343INR 42,375EUR 476CNY 3,639 per share for the first time today, rising $9.03PHP 530INR 765EUR 9CNY 66 to $504.08PHP 29,582INR 42,721EUR 480CNY 3,669 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 $850PHP 49,883INR 72,037EUR 809CNY 6,187 into $5,040.80PHP 295,822INR 427,207EUR 4,800CNY 36,688, 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 $80PHP 4,695INR 6,780EUR 76CNY 582 apiece.

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

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

7 Comments

Miguel says:

18 years ago

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

18 years ago

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?
- Reply
Miguel says:

18 years ago

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!
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Jazzy says:

18 years ago

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

18 years ago

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

18 years ago

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
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Tarsha Tiedt says:

12 years ago

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- Reply