Moses Kagan's Aurora Borealis

We've got a classic internet skirmish developing between Michael Arrington of Techcrunch and Henry Blodget of Alleyinsider regarding this post, in which Blodget discusses how Google might get to $2,000 per share. Arrington responded with this holier-than-thou diatribe.

Arrington's argument is that Blodget, a disgraced former securities analyst, is once again pumping up a stock in an inappropriate way. Arrington clearly doesn't read Blodget that often or that carefully. That he doesn't read Blodget often is demonstrated in this post, this post, and this post, among others. Blodget has repeatedly called Google's stock expensive, most recently on June 22nd of this year, when Google was trading at $525.

That Arrington hasn't read Blodget's $2,000 post carefully is blatantly obvious, since Blodget wrote:

"Is this guaranteed? Of course not. It's a thought exercise. Google could peak today and head for zero tomorrow and leave everyone who ever considered buying it at $600 wondering what on earth they were smoking. (And if it does go to zero, don't come whining to us)."

It's true that Blodget has a less-than-stellar record in this area, but Arrington's clearly over-playing his hand.

Labels: Arrington, Blodget, Techcrunch

Blodget has an interesting commentary on eBay's launch of Kijiji in the States this week. His argument is that at least eBay is finally doing something that is about getting people to buy and sell things, instead of messing around with VOIP. My argument is that they should have done this 5 years ago, since the site could have been built for $100k.

Labels: Blodget, eBay, Kijiji