Monday, December 17, 2007

SELL THIS BLOATED PIG!

I did it again. After reading a long article by Doug Kass, I decided that I didn't have enough cash, so I sold 51 shares of GOOG a few minutes ago. For 675.63.

This is the same lot of shares (plus three) that I sold a while back for 650 and then bought back for 628.50.

Right now, the Dow is down 131 and the S&P 500 is down 16, but there is no panic. Griffeth and Herera are talking about how everybody is buying toys for Christmas. With their houses.

2 comments:

Anonymous said...

How could you!?? When we've lost Larry, we've lost America.

Yours,
Sergey

Larry Blumen said...

Sergey:

I know I should feel really bad. The last time I did. But this time I'm having a hard time feeling sincerely bad.

I think it's because, deep down, I know I'm going to get them back. Some bigger fool than I will sell them back to me.

To believe otherwise is to believe that 625 will never be seen again, and there's no Santa Claus.