3 O'Clock High: The Last Day of School
"[Insert Snarky Google Cheerleading Here!"]
No sir-yee, Minyans. Big Daddy is wide awake, manning the Con and serving up a special Celebrity Feedback Edition of the mailbag!
Minyan Todd-O Insta-messages:
Surly Todd: I thought you were stopped out of Google (you lying, magic-position-having curr)?In case there was confusion, I'm long Google. I have no idea and won't even hazard a guess as to how the Street responds to whatever Goog decides to flop-out there tonight after the bell.
Super Google Bull #1: Did I say that? I didn't mean to. In any event, I'm there without a net today. Stop losses are for sissies!
ST: I totally disagree (and have no sense of whimsy on the topic).
SGB1: Ummm... just kidding on the sissy thing. I'm long and, as buzzed, don't think stop-losses make sense in front of high-vol events [unless I'm going to be out of contact somehow and am VERY nervous]. Those things make emotional stocks like Google do stuff like plunge 50 pts, hitting every stop along the way, then spike right back up.
ST: [frozen, angry silence implying "You may think you have won this round, Good Sir, but one day soon a fate beyond your sweatiest night-terror will befall you at my hand... you shall rue the day you defied me! Rue it, I say!"]
For the record, if we were to make imaginary claims in terms of my historic Google positioning, for TV or something, I'm going with "I sold it all at $470-something... whatever the 52-week intra-day high was, that was my print. Bought it back in the 390's a few days later" as my official fabrication. Unless Google misses horribly tonight, in which case I will deny ever having written this.
The Chronicles of General Zod
I don't have time to do this article on Larry Ellison's Personal Finances, from today's SF Chronicle, justice.
For now, let's just say it's worth a read. It's actually probably worth at least a book and certainly several chapters in an abnormal psychology text book as well, but those will have to wait.
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