Monday, December 31, 2007

A Question of Direction

GOOG 2007: 691.48 Down 11.05

GOOG ended the day, and the year, precisely at 691.48, let it be so noted. It happened just that way, and the fact of the matter will not be disputed in these columns.

I watched the last 30 minutes of it, myself, and can testify that the official reports are true in every respect. For a while, I thought that we might end at 700 or better, but it was not to be. Toward the end, sellers who had been holding back, let go, with the result that 691.48 was achieved at the close.

Which is to say, precisely 15.84 points above where I sold 51 shares of GOOG, here recently. Of course, I'm sorry that the paper value of my remaining long position has temporarily been reduced.

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