Friday, August 17, 2007
Theory of financial relativity: When 2% drop is bigger than 2,43%
About credit caused several of our fave hi tech shares to bleed on US stock exchanges.
Google (GOOG) fell by $11.62 (2.28%), Intel (INTC) by 46 cents (2%) and AMD (AMD) was down 29 cents (2.43%).
Actually, Intel's fall is smaller in percents , but their shares have bigger nominal values, so today Intel's shareholders lost much more than AMD's. And prevailing public opinion is that currently Intel is shaped good, and AMD bad. Bullshit.
Yes, but if you don't look at your pocket.
Today AMD dropped yet another price slash (Opteron down for 30%).
THIS LINK posted by Joseph Bell : 8:49 AM
