,Malaysia, Nicaragua,adultery

Wednesday, February 01, 2006


Panic in Google Land

What goes up must come down
There is certainly some anxiety, if not panic among those holding GOOG. Those who bought the stock early after it was launched in August 2004 have made enormous gains and have nothing to cry about except that its meteoric rise might not continue. David Vise in the Washington Post: "Google quarterly profit nearly doubled Tuesday, but fell well below analysts' high expectations, leading to steep losses in its stock price in early after-hours trading, perhaps demonstrating that even Google stock can't defy gravity forever."

This only corroborates the view that the stock market works on expectations and not absolute gains or losses.
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