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My prediction about Facebook came true
My prediction about Facebook came true
By Jon Rappoport
August 19, 2014
http://www.nomorefakenews.com
Two years ago, I wrote about the origins of Facebook. The company had gone public with its IPO, which was tanking badly.
Here are key excerpts from the article:
“But now the Facebook stock has tanked. On Friday, August 17, [2012] it weighed in at half its initial IPO price. For the first time since the IPO, venture-capital backers were legally permitted to sell off their shares, and some did, at a loss.”
“This has the earmarks of a classic shakeout and squeeze play…First, they [insiders] drive down the price of the stock, then they trade it at low levels that discourage and demoralize the public and even semi-insiders. As the stock continues to tank, they quietly buy up as much of it as they can. Finally, when the price hits a designated rock bottom, they shoot it up all the way to new highs and win big.”
***“The company is too important as a data-mining asset of the intelligence community to let it fall into disrepair and chaos.”
“The media will play along, pretending the eventual upswing-recovery of Facebook stock happens for fundamental reasons connected to the company’s ‘better level of performance’. The media take this approach to every stock and every company, to avoid letting the public know how massive manipulation actually runs these trading markets.”
Okay. So let’s look at what’s happened to Facebook stock since I wrote those words two years ago.
From August 2012 all the way to July 2013, the stock presented a quite discouraging picture. It stayed in the 20-30 range, looked like it was going nowhere, and never threatened to move up to its original offering price of 40.
Exactly. This prompted many holders to dump their shares, affording insiders the opportunity to scoop them up at bargain-basement prices.
Finally, in July 2013, the insiders began the long march upward, which has continued to this day. As I write this, Facebook stock is selling at $75.39 a share, a new high.
Perfect.
Analysts, of course, attribute this boom to company “earnings beating projections.”
They always find a reason. They’ll say anything. “The weather last year was unusually cold.”
The fact is, Facebook was in good hands all the way. The heavy hitters took the price way down, kept it there, accumulated many, many shares, and then marched the price up to the sky.
In Facebook, the CIA and other intelligence agencies have had a great front for their data-mining work, and they weren’t going to let it fail.
As for the future, the insiders could take FB shares down again, let them languish, and then rocket them up. Why make just one big score and when you can double-dip and make two?
Jon Rappoport
The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free emails at http://www.nomorefakenews.com
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Source: http://jonrappoport.wordpress.com/2014/08/19/my-prediction-about-facebook-came-true/
