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FSN: Why Facebook Is Headed Much Lower
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from RickAckerman.com
Facebook shares took another hellacious dive last week when the lock-up period for insider selling ended on Thursday. Gluttonously coveted by investors in the months leading up to the IPO, the stock has become a pariah after falling 50% from its $38 offering price in May. Was it jinxed from the start, as some have suggested? It is true that technical gremlins on Nasdaq caused many orders to be botched the day Facebook went public. And although some sore losers have sued to get their money back (if not their hands, belatedly, on fire-sale shares) the exchange snafu seemed to us like business as usual. Facebook’s real problem is that it is just another Internet fad that will probably never earn a profit commensurate with the $100 billion valuation it was awarded via the IPO.
Continue Reading at RickAckerman.com…
2012-08-19 22:53:31
Source: http://silveristhenew.com/2012/08/19/why-facebook-is-headed-much-lower/
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