Friday, May 11, 2007

From The You Can't Make This Crap Up Dept - II

My pal Bullish Jim finally sold his GOOG holdings this morning. Apparently the boss man over at the company said they would never split and Jim figured out that they really didn't have the shareholders interests at heart.

But I have to ask - how in the world could anyone possibly sell this wonderful stock with articles such as this being pumped out of Jimmy Crack Corn Pone's rag -

Google Coils for Spring Above $500


Dan Fitzpatrick says that the longer a stock stays at a certain level the more likely it is that it will explode away from that level - someday.

I'm sure we've all experienced that phenomenon - the suddenly exploding stock price. Man, with that level of analysis what more does the average retail investor need? Arsenic and coke come to mind.

Now I don't have a subscription to TheStreet.com nor would I ever get a subscription to that piece of crap nor would I even waste the time reading a free trial version of it. And while it is possible that GOOG hits the stars one day it is also possible that GOOG trades for 100 bucks one day too. In the meantime while waiting for one thing or the other to happen you have a lot of money tied up in a stock that is doing nothing - and you're not even earning interest.

But someday it will do something because it has done nothing for a long time.

Try that one on your statistics professor some time - then watch him explode.

4 comments:

Sqroot said...

Haha! I love it!

Bullish Jim said...

Selling GOOG was the most liberating feeling I've had in a long time. "Believing in" a company or a stock can sometimes be the worst kind of unrequited love.

Now that I've sold I'm sure it probably will explode soon. Argh.

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