Back from a week away

[greatsword]

I just came back from a week in Yosemite with my parents and family. The scenery does make up for the crowds, though I was very done with people by the end of the week. Pictures may follow

Comments

[metageek]

It's hard not to make the connection that institutional investors are stupid

When I was at Netscape (maybe an extreme case), I would see the stock go up on bad news and down on good news. That's when I realized that it would be hard for me to commit insider trading. I might have information that would materially affect the stock price, but I could never know which way.

[greatsword]

It seems that the stock moves not on if the news is good or bad, but if it is better or worse than the predictions of the important pundits for the industry.

If the important pundits seem to get their predictions by the fifth, predictability goes way down.

[metageek]

OK, true...although then I'd have to go and read the predictions about my own company. Painful.

[brickhousewench]

I would see the stock go up on bad news and down on good news.

Oddly enough, that's they way the stocks reacted at my previous gig too! I never understood how having a good quarter could drive down stock prices.