Friday, August 31, 2012

Facebook shares

We might get our toes wet in this name when she hits mid-single digits.  Might being the key word.

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.

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