Apparently, low priced stocks have performed quite a bit better than their peers in the recent dark days of the market:
http://seekingalpha.com/article/286358-surprisingly-smaller-stocks-went-up-when-the-market-dropped?source=msn
Anecdotal (very) evidence of the low price anomaly.
Showing posts with label Market Crash. Show all posts
Showing posts with label Market Crash. Show all posts
Wednesday, August 10, 2011
Monday, August 8, 2011
Google Revisited: I Sold
Like anyone else, I like to point out when I'm right (unlike many, I'll also point out when I'm wrong). Here's what I said in a recent post about whether I should sell Google when it spiked to over $600/share:
I bought Google at $537 per share (after in an earlier life buying it at $247 and selling at $320 -- there is perhaps another lesson there). As some of you may have noticed, Google has spiked dramatically to over $600 per share after reporting earnings. I do believe that it's worth much more than $600 ultimately but it's tough not to sell it after the recent upswing because I think the world generally is in for more negative economic news which will once again depress Google.
The bolded language has been validated. I sold while Google was still at $615. It's now at $547. One for the win column but I am the last person to beat my chest. Back to the desk...
I bought Google at $537 per share (after in an earlier life buying it at $247 and selling at $320 -- there is perhaps another lesson there). As some of you may have noticed, Google has spiked dramatically to over $600 per share after reporting earnings. I do believe that it's worth much more than $600 ultimately but it's tough not to sell it after the recent upswing because I think the world generally is in for more negative economic news which will once again depress Google.
The bolded language has been validated. I sold while Google was still at $615. It's now at $547. One for the win column but I am the last person to beat my chest. Back to the desk...
Subscribe to:
Posts (Atom)