Tuesday, April 03, 2012

That is a sharp cliff.



While watching First Solar get crushed again today, the ticker symbol MM caught my eye. I didn't know who they were. So I looked them up.

This is a chart for Millennial Media. Which I thought was mildly clever. It was probably started by a "20 something".

However, I think they could give Groupon a run for their money. Of course the stock is still above the IPO price of 13 bucks on March 29. After it IPO'ed it surged by 92%. Only to come crashing back to earth. This was after it was touted as one of the best IPO's in 10 months. Which I guess is technically true.

I'm sure this won't happen to facebook.

No comments: