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3 O'Clock High: The Last Day of School


"[Insert Snarky Google Cheerleading Here!"]

Ok... today we have the Fed, Greenspan's retirement and The Most Important Earnings Report Ever! in the form of Google (GOOG) after the bell. I'm doing my best to not let the excitement and emotion dominate my actions. Which is why I'm not lazily napping on the couch, watching old boxing matches on my Tivo (TIVO).

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)?

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!"]

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.

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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