At a technology conference last week, Citigroup analyst Mark Mahaney made a subtle linguistic switch, calling the company a "one-trick stallion." That metaphor that may prove more apt: Google shares broke the $400 mark Wednesday, riding a four-day market rally that firmly bid the slow summer months adieu.
2006-09-15 19:14:00 · 3 answers · asked by pipithecatdx 1 in Computers & Internet ➔ Internet
A rally means stocks going up in value.
Riding means that it has been going up for the entire time.
So, it means that the stock went up for 4 days in a row. (Citi didn't, it dropped today).
2006-09-15 19:22:48 · answer #1 · answered by diamondspider 3 · 0⤊ 0⤋
"riding" in this context refers to the notion that "a rising tide lifts all ships" . In other words, the entire stock market was going up for 4 days, and google stock went up along with it - riding along - as opposed to moving up of its own accord, possibly against the general market direction.
2006-09-15 19:26:26 · answer #2 · answered by Mark P 3 · 0⤊ 0⤋
This isnt the business category!
2006-09-15 19:16:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋