Sunday, November 28, 2004
Investors (wisely?) Bet Against Google
CBS MarketWatch reports (registration required) that in the month ending Novemeber 15, short selling of Google stock (that is, betting that it will go down) rose 35%.Considering that since then, Google dropped $40, it seems like it was a safe bet. Of course, the stock recovered half of that slide, so, like any good bet, you gotta know when the stocck is about to turn the other way. I wonder if anyone made a lot of money off the slide?