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July 28, 2004

Jim Cramer agrees that Google

Jim Cramer agrees that Google has ruined its IPO. Now the only question is, why would they want to do that? Here are my comments back to Cramer:

Pretty smart people over there -- maybe they felt like the NEEDED to "ruin" their IPO. Maybe they worried about ridiculous amounts of speculation and a huge up and down swing in the first few days of trading. Maybe they decided that the only way to avoid this was to do everything they could do to make their own IPO as unappetizing as possible...

but I agree with your scorn for two classes of stock

July 28, 2004 | Permalink

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