crash boom bang

Seldom do I have a bout of abandoned glee when the stockmarket nosedives... except when I can say ' I told you '.

My short picks Google and AIG were smashed as the stockmarket took a battering of just under 2% on Friday.

AIG - even before earnings started weakly and got weaker as the day went on. Finishing down 4.65% after a woeful day of trading and news that it would settle $675M for a case in Ohio involving pension fund and accounting fraud


Google. I can't stay mad at you can I? Not with your big asset base and good cash position. However, after you cut short my ad revenue and made a few technical stuff-ups this week - as well as a Q2 earnings downgrade... the resultant slide on share price co-incidentally gives me glee... although I'm sure that the stockprice will start to rise again over the long run.

However, on Friday the stock lost 6.97% - doesn't look that big on the chart - but actually a huge loss for the day.


Let's see what happens next week. Rosy-eyed rebound? Or bleak and sharp shorting, next week will be interesting.



What's Up Jono? http://www.whatsupjono.com/ 

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