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Everyone is entitled to an opinion
Larry's Links
Blog Archive
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2007
(92)
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November
(41)
- GeeDrive
- Hard Cash and White Wine
- More Loathing! More Fear!
- Fear and Loathing in the Afternoon
- The Unbearable Lightness of GOOG
- What Time Was It?
- Stuck Inside of LA with a Hot Stock and No Broker
- Thanksgiving Eve
- The Thrill Has Come Back
- Ain't Nobody Feelin' No Pain
- I Want to Feel Your Pain
- You Do Have a Counting House, Don't You?
- Hewing to the Old Ways
- Barron's in my Driveway
- Sad Sack Syndrome
- No more bitchin'
- Three hopes of a googoptimist
- googoptimist club
- Off the Dial
- Grundy Market
- We're Smarter Than They Are
- Discipline, Patience and Balls
- GOOG is too much with us
- Madness!
- When Bananas Split
- Making Progress
- Shoulda Oughta
- "The Google Story"
- You're a Mean One, Mr. Grinch
- Lindsay Lohan, call home
- Priorities
- Similarities between me and Larry Page
- DON'T PANIC
- Excuuuse me!
- Idiot and Google Guy
- Family Values
- Standing in line at the QuikTrip, thinking
- Naysayers
- Top of GOOG
- Sober Reflection
- Due Superstition
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November
(41)
About Me
- Larry Blumen
- This started out as a high school reunion blog, but turned into something more personal when I ran out of things to say about my classmates. I was younger then, I'm older than that now.
2 comments:
The primary purpose of the stock market is to sell shares to suckers. When GOOG went IPO, none of the stock sellers in their wildest dreams dared to dream that one share of GOOG would ever be worth $300 let alone $700.
Imagine their glee when the suckers lined up to pay $700 per share of their 0.01 par value stock certificates.
All stock operators know that the number one objective is to hike the price of shares up as high as possible so that they can sell volume on the way down. GOOG surpassed all expectations and there's a lot of stock that will be sold on the way down - all the way from $700 to $100.
anonymo: The nightmare you describe lurks deep in the mad heart of every trader. It is this fear that makes them sharp as wolves.
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