Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Friday, August 31, 2012
No reason to step in the way of so many sellers at this level. The greed of the Wall Street whores who pimped this on the public will never go away. There are alot of shares to be puked up by buyers above. It's not pretty. It's rather sad and pathetic.
Understanding the IPO process is something we have spent alot of time on over the years.
Like the Google IPO, the Dutch Auction process should have been used on Facebook.
We said it along time ago. Even Morgan Stanley would have been better off in retrospect.