Tuesday, May 29, 2012

Today on, While the world burns.

Oh yeah. The week is starting that way.

Well, it's good to know that banks and brokerage houses treat the filthy rich just as badly as the rest of us. If I were Mark Zuckerburg I'd be punching at the sky.

One week you are on top of the world, the next week all your employees hate you. Because you know, they are still locked up for two more months. With the way this stock is falling, this stock could be down by half. I mean, for three days in big bold letters, Marketwatch said the stock was worth 13 bucks and change. I would guess it eventually falls to that range.

And then there is California thinking they were playing the Facebook lottery. Last week it was estimated that thousands of millionaires would be created by the IPO. I think that army just became smaller. Replaced by the people who listened to this guy:

Facebook Short-Sellers in Front of ‘Freight Train’

Published: Wednesday, 23 May 2012 | 4:21 PM ET
By: Matthew J. Belvedere Street Signs, Producer

Investors looking to short Facebook stock are getting “in front of a freight train,” analyst Laura Martin of Needham & Co. told CNBC.

Martin initiated coverage of Facebook Wednesday with a “buy” rating and a $40 per share price target — that’s a 29 percent premium to Tuesday’s closing price.

1 comment:

  1. Ugh. Maybe the guy who jumped off the Dublin BART parking garage yesterday was depressed about his FB stock. :(

    Purple Magpie