Question of the day: How many shares of stock have Google insiders purchased in the open market since going public in August 2004?
Answer: Zero
Question Two: What is the dollar volume of sales this week, from December 5-8.
Answer: $219,095,458 @ $403-$419
Google Insider Sales Since Public:
Brin Sergey: Dir, President
1892 sell transactions = $497,696,658
Shares Remaining: 49,062
Lawrence Page: Director
1618 sell transactions = $272,629,288
Shares Remaining: 36,802
Eric Schmidt: Dir, CEO
14677 sell transactions = $268,983,240
Shares Remaining: 35,361
OVERLOOK NEWS ITEMS:
SENATE HEARINGS ON OIL: U.S Senator Ted Stevens is the chairman of the Senate Committee on Commerce, Science, and Transportation.
On a joint hearing on energy price gouging, Stevens refused requests to make the 5 oil executives testifying do so under oath. Oh, by the way, Stevens received over $100,000 in contributions from big oil.
OBSERVATIONS OF THE DAY:
OUR CURRENCY IS WORTHLESS: As I reached into my pocket to buy a cup of coffee today, I noticed that every coin in my pocket basically had no metalic value. Even the new bills issued today fade very quickly. Given that our nation is $8 trillion in debt, and our currency is based on the full faith and credit of the U.S. government, our money is basically worthless.
ARE YOU A DRIVING BILLBOARD ? : Car dealers are getting free advertising as you drive around town. On the back of your car, dealers place a hard to remove sticker that allows them to use your car as free advertising. They also do this with license plate holders. I always tell them that I'd send an invoice for a $1000 a month to allow their advertising on my car; or they can remove the sticker and plate holder. For some reason, they always remove the advertising.
Comments (3)
Then there was the Milwaukee car dealer who put his black on clear sticker over the brake light in the back window. Flashed an ad to the guy behind any time you hit the brakes.
Posted by Fred | December 9, 2005 6:58 PM
Posted on December 9, 2005 18:58
You are correct with your comment about our currency having no intrinsic value. The penny has hardly any copper content in it today because the $ has been devalued so much that if the 1 cent coin were actually made of copper it would be worth close to twice its face value in terms of recent spot prices for copper. I have followed your web site for over a year now and find your postings very informative. I would like to know what your opinion is on the Feds recent decision to stop reporting on M3. Personally, I believe it is an indicator the Fed is about to flood the system with dollars. Your comments would be appreciated.
Posted by Brad | December 10, 2005 12:58 AM
Posted on December 10, 2005 00:58
You are right regarding the lack of value in our currency. The one cent coin has hardly in any copper content in it today. As a result of the devaluation of the $ if the penney were made of 100% copper it would be worth almost twice its face value based upon recent market prices of copper.
I have followed your web site for almost one year now, and appreciate your insights. I would like to hear your opinions and thoughts regarding the Feds recent decision to stop reporting M3. Personally, I believe the decision to stop reporting M3 is an indicator that the Fed is going to flood the market with dollars in the near future.
Posted by Brad | December 10, 2005 1:10 AM
Posted on December 10, 2005 01:10