Unholy Roman Empire
2008-01-22
When in Rome, do as the Romans do. Ah, if only everyone on the
stock market had the good fortune to do as Martin Roman does.
He's always in the right place at the right time. The CEO of ČEZ
received his options at the bottom-end strike price of Kč 139
and sold at the near-record price of Kč 1,350. Since he cashed
out, the share price has fallen 13%, to Kč 1,170, and further
declines can be expected as world markets grow more nervous
about the U.S. economy. The sharp decline in the ČEZ price is
conveniently coming as Roman is about to receive new options.
He's again in the right place at the right time. Roman can't be
held accountable for the downturn in global markets, but the
more the ČEZ share price retreats from its peak now, the more
the attention will turn to whether the rise and fall (on the stock
exchange) of the Roman empire hasn't been helped by some
not-so-divine intervention.
[Czech Republic United States of America exercise]
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