Saturday 19 May 2012

By any other name...............from Rico

To badly paraphrase the immortal bard...FaceBook, by any other name..."

Day 1 of the FaceBook general public IPO was a disaster. The supporting syndicate had to step in with some HFT to save the day, but in the end FaceBook was a flop [ticker FB].

It is already being called FADEBOOK, and FAKEBOOK, and FACEBILK by the professional investing community (you know, the ones who lovingly refer to Mom & Pop retail investors as "muppets").

The hugely hyped FB IPO was no more than 'Muppet bait' but it seems the intended victims are starting to 'catch on' to the ruse, the Commercials have simply snatched the football away (a la' Lucy with Charlie Brown) too many times, and the 'muppets' refused to play today. This is a good thing, because they would have lost their...er, shirts.




No comments: