Posted
8:56 AM
by Gene
Rah-Rah, Sis-Boom-Bah for Google! Or Not
With the accent on
BAH.
OR:
Such an enormous increase in the value of a company over a few weeks recalls the day in December 1998 when HENRY BLODGET, then an analyst for Oppenheimer & Company, famously predicted that Amazon.com, then trading at $240, would soon rise to $400. It reached that target in three weeks. Three years later, Amazon shares were selling for one-tenth that price. [Emphasis and link added.]
Remember: five years from now, these ARE the good old days!