You all sold all your Google stock at 740 - right?
When you get to my age - you get used to capitalists losing their shirts, gaming the stock market and making it all look like it’s really important that they’ve gone broke. This is how capitalism works.
Bottom fishers show up, reap huge rewards and the whole cycle repeats itself.
Maybe it’s time to BUY a house now? Or buy Google? Or maybe wait til next week. Or next year.
Regardless - DLAs, open social networking, paradigm shifts and disruptive technology continues to move our world forward. And they’ll actually be more rich people - it just might be a different set of rich people this time.
Woe be it for the small time day trader or individual investor who tries to play this game with the big boys. Don’t they know the whole thing is tilted for the big guys to always come out ahead? Even those idiot CEOs who got fired recently left with HUGE severance packages.
But what about the poor schmuck who bought Google at $680? Or worse - $730?
Notice it lost a half a point just between screen grabs!
It’s now at: 530 and dropping…..
January 24th, 2008 at 3:00 am
greed on the way up, fear on the way down.
January 24th, 2008 at 4:47 am
//But what about the poor schmuck who bought Google at $680? Or worse - $730?//
And there is something called ’stop loss’, poor schmucks have to use it, it protects when stocks fall big.
If the schmucks don’t learn finance before plunging into stocks, he will lose his underwear too.
January 27th, 2008 at 11:50 am
[...] Sorry there’s no money it it for YOU Hank - until they’re public - and then you can run up their stock, just like Google. [...]
January 27th, 2008 at 2:39 pm
[...] Sorry there’s no money it it for YOU Hank - until they’re public - and then you can run up their stock, just like Google. [...]
January 28th, 2008 at 11:46 am
Ever watch CNBC? “google will go to 1000-2000. My Gawd.
February 1st, 2008 at 7:14 am
With Microsoft making a strong bid at Yahoo’s doorstep I feel that the playing field will even out. At 31.00 a share it might not be a bad idea to test the MSFT waters. If a deal goes through by late 2008 you won’t be sorry.