Biggest point loss since Sept 17, 2001? Ouch… Biggest percent loss since sometime in 2003… this too shall pass…
Oy!
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Archive for February, 2007
A friend posted this on his blog, and I just had to borrow it…
I think this is an incredible visulization of how web design has evolved, why, and where it goes from here.
From the investor’s standpoint, I think it is important to stay realistic about the impact Vista will have on related businesses.
The things you see on the streets of Houston… For the record (and in case you can’t see the plate) it isn’t Texas!I try as hard as I can not to be a “believer” when it comes to investing, but it is so hard not to get sucked in when it comes to Google. A company like Google can be just as alluring as a charismatic person. They give just enough information to keep us interested while withholding enough to maintain their mystery.
I have to admit that at times over the last couple of years that I have held my Google, I’ve swooned more than once. However, I would caution against this mindset when possible! Google is fun. Google is sexy. Google is a bunch of numbers like any company. This article from TheStreet.com struck me:
It was a terrific ride for a while: Every three months, Google would post earnings after weeks of anticipation — and amid wild guessing by analysts who received zero guidance from the company.
For the Google romantics, this might seem (at first glance) like a cold shower.
I prefer to see this as a hopeful sign. I believe Google is a great company. I also believe that there are higher gains from here. The sentiment indicated by this article suggests that most of the investors may have gotten over the initial infatuation and settled into a steady relationship with the company.
The first three words Kelleher writes are “Bad news, daytraders.” I am long, so this may be good news for me.
