SEL: Google Stock Predictions

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August 12, 2004

Google Stock Predictions

Some interesting speculation from person-to-person trading exchange, iBetX (groups of people who "bet" on a stock's performance).

They asked their users to make predictions on the movement of Google's stock.

* First day up or down - market shows Google will be down on first day of trading

* Over/under opening price - what will be the opening share price on the first day of trading - 65% of trading shows the share price to be below $125

* Opening price - What will be the opening share price of Google on its first day of trading? With four choices ranging from 90 or above to 130 and above - $90 to $100 is the favorite

* Percentage change - what will be the opening percentage change on first day of trading, from -30 to + 30 the market data shows the percentage change to be between -1 and -10

They did also warn that Google could fall at the first turn and sadly have to be "put out of its misery".

Update: Betting on stocks is a common thing according to the San Fran Chronicle.

Andy Beal | permalink | +marktd |

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