I'm a little bit confused as to how a company can just suspend trading in it's shares when the price starts to drop. They never seem to suspend them when they go up. Anyone care to explain? Thanks, Barney
Ahh well this is easy. Mr Google accidently released his quarterly figures a few hours early, and stock market traders, who as we all know, work in a high powered environment, are all prone to high blood pressure and stress. So when Mr Googles numbers came early, the traders had a collective panic attack, as Mr Google had forgotten to give them a crib sheet first explaining that the numbers weren't as bad as they appeared to be. As a result 500 trillion dollars were wiped off the share price. So to stop America going bust yesterday, Googles boss suspended the share price, opened Google docs, and typed out a quick note to the traders saying "everything will be ok, we're going to put another adwords slot on the search pages", and then share trading resumed. When you have a world wide monopoly, it's all pretty straight forward 
Believe it or not, I once had shares in Basil Brush  Just a shame he never had the same influence and power as I lost a tidy sum on him....Boom Boom..Thanks, Barney |
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