February 03, 2006
A Quick $700
Amr Awadallah, a Yahoo! developer, predicted that Google would miss their Q4 earnings back on Jan. 12. His analysis was insightful and in hindsight it was obviously accurate. What was interesting though was that he put his money where his mouth was and shorted Google's stock when it was $465/share. After they reported earnings, the stock slid to ~$395/share and he was up ~700 bucks. Although Amr certainly doesn't work on Wall Street, you have to appreciate that he put some skin in the game while masquerading as an armchair analyst!
Posted by harris at February 3, 2006 08:29 AM