Investing: it's a marathon, not a sprint. Except maybe when a vicious, satanic monster is running up behind you waiting to suck on your brains. Then it's a sprint, I'd say.

When's Gawker's IPO?

scarbrtj

@discounteggroll: LOL! "expired... I went by best buy B&M to see if they had any left at this price, they were sold out. YMMV"

lpranal

I feel bad for the people who got stock options around November to Decemeber last year when the stock was around $700+. People actually thought that GOOG would hit $1000 by mid-2008. That didn't happen...

anti-hello-kitty

I bet some slickdealers are pisssssssssed. Maybe I can get a pricematch =)

discounteggroll

At times like these I am very happy to have my msft stock. These poor aapl stock owners must be readying to jump off a cliff. goog has dropped almost $300 per share since its peak. Exciting times these are.

oneclick

I've already lost 25% of my 401k this year, but damn does that guy on the roller blades look like a douche bag. Thanks for the laugh.

shamoononon has a hebetudinous dog

Ha ha, the stock widget in Dashboard Didnt complete fix it, it still shows the 200 point drop on the graph for the day!

vinnyr

thank god i own microsoft... wait?

unkpku is think that new comments are like iPhone 3G pre 2.1, yeah it sucks

imagine having shorted google, and watching the stock during those 4min... Wooowwww...

smokeonit

I managed to grab a screen when it showed the stock at $0.01 as the low.

[www.cityhicks.com]

Goatspunk

Funny how a software glitch here causes prices to be wiped out, and they're corrected in the system.
Google indirectly causes AA to lose half their value in a day, and everybody just lets the market correct it by itself.

Interesting. Not directly comparable, or probably even indirectly comparable situations. But if you stand WaaAaaay back and squint a lot you can kind of fool yourself into thinking that they look the same.

styrofoam

I blame Java!! Or a Java programmer writing C.

Joseph

Now I wish this recession was a glitch.

nfs

seeing them on those blades, no wonder

BiZarRroBALlmeR

I about cried when I saw the closing price.

GutterIsATool

yeah, a glitch. Lucky guys that will be selling tomorrow and made millions with this "glitch"...

VakeroRokero

@Goatspunk:

I actually had a crapload of Wachovia stock and saw that very same price. :(

Thanks for posting this story, Giz. I saw the price drop 15% (according to my iGoogle home page) and nearly crapped my pants.

skechada

@oneclick:

Oh please. Apple will jump back in 3 weeks if not sooner. Microsoft hasn't moved in over 6 years. If you want a rock to weigh down your portfolio, then stick with the dinosaur. I and almost everyone I know bought Apple stock, they always innovate out of budget issues. If you doubt that, then look at the iPod - it came directly off of a stock market crash.

direi

@VakeroRokero: Did you even bother reading the article to see that those will be canceled?

icelight

@lpranal: LOL! Well played, well played.

AJ_Syrinx

Which is why I don't own any Google stock. Nah, I just can't afford it, but even then, I'm not all to supportive of everything Google.

quikboy

This was no glitch. GOOG was trading normally at 414, and someone entered a massive buy, which took the price to 485 in 20 seconds. The buyer then figured things out, and sold, which took it all the way down to .02. My guess is they will break all trades outside the 380-435 range. It was just a great liquidity shortage. Not a glitch.

ResedaAlbinus

@Joseph:

Hilario

Jrperiod

It's just pretend money lost in virtual-reality.

They can do all the stock manipulating they want, but the market will always re-adjust back to reality - or something near it anwyay.

EricAlder

Just remember, so long as it doesn't bankrupt, you didn't lose anything, you still got the same number of shares. There's a point where you gotta put it all on the table and stay in, and for most banks, that's here.

Con Seannery

@skechada: Oh yeah, I got some Wachovia, not a fun time. We're gettin $1/share from Citi when that goes through...even though Wachovia's at like, $3.50 right now. A far cry from when I pulled out at $45...and got talked into reinvesting...

Con Seannery

@direi: The Nasdaq wasn't hit nearly as hard post-9/11 as the DJIA, CrApple didn't have as much to deal with there, though the public had shell shock. Also, if you got in it at a lower price, like right after that court ruled to split MS, having a stable rock like that in your portfolio can be a good thing.

Con Seannery

@vinnyr: When I looked yesterday, it showed GOOG down 1100. Not good. Of course, that just goes to show how much you can trust Yahoo to report about Google.

Ben Zvan

Cuz, Ya know, Its not like a 700 billion dollar bill was passed recently or anything. Yeah this was a few days ago but yeah, 60 bill went somewhere.

CyberDuck