Monday, November 26, 2007

The Unbearable Lightness of GOOG

If you have owned GOOG for a long time - say, two or three months - then you know what levitation is all about. In those heady days, GOOG floated up of its own accord, free of gravity and the surly bonds of earth. Breathing its own helium, it required no news or press conferences for its buoyancy.

Of course, there was a period of downswooping, but that's the way thermals work. Just a way of seeking out the next updraft. Now, we've found it and it's a warm one.

It's enough to make an old man giddy.

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