Friday, January 12, 2007

Quick Update

Here's the Econ 101 Question of the Day: Who typically benefits from a price war?

Answer: The consumers.

Wrong Answer: A company (Hmmm... like Advanced Micro Devices) in the middle of one against a formidable competitor (Hmmm... like Intel).

Wrong Answer #2: A shareholder of a company in the middle of one.

AMD's warning is causing some pain in the Trading Port today, and well, I guess the signs were there, but I just didn't listen. Will think about what to do over the weekend. Blech.

In better news, I covered the Sapient (SAPE) short at $6.40, which was good for around 3.6%.

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