From the article;
It wasn't just the smart money that was looking to cash out-sometimes it was the celebrity money. At Priceline.com, actor William Shatner was blanketing the airwaves in March with a pitch for the Internet retail-bidding site, which had given him options on 125,000 shares as part of his fee. But the former "Star Trek" captain, perhaps concerned at seeing the stock in the stratosphere, filed to sell 35,000 shares owned by a family trust in early March. They were trading at about $90 then.
Shortly thereafter, the shares returned to earth. Priceline.com stood at $64 in 4 p.m. Nasdaq trading Tuesday. Mr. Shatner says he "lightened" his position in the issue to balance his portfolio, which had become "a little overloaded" on stocks. "Priceline is a great stock," he adds, noting that he continues to hold most of his stake.
When will these people learn, these are not just stocks,
they are supposed to be companies with business models,
assets (something other than cash that is milked from the
mania), future plans etc?
Oh well, maybe they never will and maybe they don't need to.
thx for the link |
