Saturday, 19 May 2012

Fade Book!

Cartoon Source: Walt Handelsman for Newsday

There was shock and awe from the Facebook bankers who fought valiantly to hold the $ 38 line.
If you happen to read this blog on May 19, 2014, remember what I said today. Facebook, Groupon and whole host of social media IPOs  will be penny stock in two years time.Its 2000 all over again.
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1 comment:

  1. Remember the brokerage house is not working for the general public and they got paid by the higher IPO amount.
    They are actually working in your conflict of interest.
    It is very sad that most people in the general public do not know or chose not to believe.
    Wall Street has no ethic at all.