Posted by: Mr. Hyde May 10, 2008
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Both of you guys have points of your own.
In terms of market value ridiculous fluctuations is not uncommon say in matter of days or months but 20% move up after 1st quarter results was a historic up-tick for the company. But really these major stakeholders don't dwell on that $2B gain in a day because it happens pretty often in the market. Most investors were betting against meeting analysts' expectations before the announcement. (Google's stock price range has been $412-$747 since a year ago.)
But the only man probably who literally had a billion dollar pay day was Soros who made it happen by shorting the British Pound back in '92.
In terms of market value ridiculous fluctuations is not uncommon say in matter of days or months but 20% move up after 1st quarter results was a historic up-tick for the company. But really these major stakeholders don't dwell on that $2B gain in a day because it happens pretty often in the market. Most investors were betting against meeting analysts' expectations before the announcement. (Google's stock price range has been $412-$747 since a year ago.)
But the only man probably who literally had a billion dollar pay day was Soros who made it happen by shorting the British Pound back in '92.