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Facebook fiasco continues
Thursday, August 16, 2012 22:00
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We’re south of $20 at the close today. All things considered, I’m impressed with how well the share price held up.
Bear in mind that this is a stinker that was well past its stale-date by the time the IPO hit the market. Also bear in mind that it peaked around $45. Somebody was on the buy side of that!
Ouch!
Smart money avoided Facebook from the get-go. It’s a fad and its time will pass. In fact, its time HAS passed. But there’s 101 ways to make money on a stock that’s in a downward spiral.
Go short, my friends, go short!
2012-08-16 21:58:48
Source: http://theviewfromfallingdowns.blogspot.com/2012/08/facebook-fiasco-continues.html
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