Word: stockings
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Economists say that one of the pillars of efficient markets is the free flow of information. But what happens when information floating around is false? In Thailand, stock-market regulators have decided that's bad for the market?and they're threatening punishment for spreading rumors in the financial community. New rules set down by Thailand's Securities and Exchange Commission (SEC) say stock analysts who issue "negative reports" or pass along rumors will face up to $12,000 in fines and two years of imprisonment. In addition, the commission has established guidelines for securities houses limiting who can speak...
...Result It may have confounded the Wall Street investment banks, which usually take a larger commission from such deals, but so far Google's unusual IPO has been a hit for a happy handful of investors. Those who waded through the search engine's complex Dutch auction got the stock at $85 a pop, $23 less than the original lowest price expected, then saw it rise more than 27% in the first two days of trading. That put the stock at $108 - exactly where co-founders Larry Page and Sergey Brin advised it would be. Along with CEO Eric Schmidt...
...answer turned out to be a resounding YES. The stock, which many had written off as dog by Wednesday afternoon, soared about 18 percent above its $85 original price by the end of the first day of trading Thursday evening. Driven mostly by small investors, the share price seemed like a great deal to scores of traders who see no limits to Google?s growth...
This is one of the two reasons why I try not to take much stock in any unsubstantiated rumors I find on any of the plethora of internet message boards. The other reason is that I know the types of people who post on message boards. I’m one of them. And it’s a general policy of mine to believe anything that is said by me or people like me. (Except that...and that...and that...
...YORK STOCK EXCHANGE...