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Technology Stocks : Alphabet Inc. (Google)
GOOGL 332.74-0.9%Jan 15 3:59 PM EST

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To: Lizzie Tudor who wrote (776)2/6/2005 2:04:20 PM
From: olivier asser  Read Replies (1) of 15857
 
Nothing happened? On the first lock-up expiration GOOG sank 6.7% that day alone. That was a mere 39.5 million shares. Here we have 177 million shares coming into play all at once. The float right now is 128 million. In one day it goes up to 305 million, +138%. Maybe the market will pop if it doesn't fade huge, but it won't be on a short squeeze, because the short ratio on GOOG is relatively low, many more shares flooding the float, and open interest on calls significantly outnumbers that of the puts. Interesting about the relatively low number of puts: if GOOG employees were going to wait on selling then you'd think they'd insure their holdings by taking out some puts, but it doesn't look as if they did. Maybe they weren't permitted to before 2/14, that I don't know.

Not to mention TWX announced it is not an LT holder of 5 million shares.

CSFB said the lock-up expiration would have a "negligible effect" on the stock because most shares are still effectively locked due to vesting. But, then CNBC cites to no facts to support that claim.

I agree with one post here: we don't know exactly how many shares are going to be sold, will have to keep a close eye on price activity and SEC filings.
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