Googlebay!

[Googlebay? Hmm, Google has long registered Googlebay.com!]

Remember when I recently wrote of Google IPO Auction as Ebay, for what that means when something is bid-up? Compare:

"Googlebay" renews dot.com craze
Seven tips before you consider bidding on this hot IPO
By Paul B. Farrell

http://cbs.marketwatch.com/news/print_story.asp?print=1&guid={E70EEA01-C5DF-438B-B428-A7633EFB4B97}&siteid=mktw, also http://www.investors.com/breakingnews.asp?journalid=21002980&brk=1

I don't like to link-and-run, but this one is worth it:

Will you be one of the millions of American investors to cross this line? Will you relapse into the irrational exuberance of the late 1990s? How will you know? You'll know when you bid on Googlebay!

Yes, Googlebay. That's my nickname for the new Web site that will handle bids for the upcoming Google initial public offering. It will launch soon ...

Absurd P/E ratios and silly valuations

Stop, dammit! Listen to yourself! It's happening again! Get a grip!

Not one of America's 94 million long-term buy-and-hold investors with an ounce of self-respect and a brain in their heads should participate in this idiotic bidding process.

Seth Finkelstein's Infothought blog (Wikipedia, Google, censorware, and an inside view of net-politics) - Syndicate site (subscribe, RSS)