Monday 21 May 2012

FACEPLANT?................from Rico

Faceplant?

No, I'm NOT talking about last weekend's G-8 sleepover....er, summit at Camp David where polemics, sophistry, boilerplate and empty promises were the only accomplishments (apart from watching a soccer match on TV).
- But wait! Faceplant rather DOES apply to these buffoons!!

I originally intended to 'rebrand' Facebook (FB) as Faceplant after their dismal IPO launch last Friday, where the only buyer at the end of the day was Margin Stanley (MS) the IPO underwriter.

Breaking the IPO price.
- Today, without the freebies from a smarting and embarrassed MS which is not rtificially supporting the IPO price of $38, in the pre-market hours FB slipped below $37 and is sliding. How low can it go?

No, I'm not just talking about FB (which nobody seems to want), but also about the G-8 "leadership" hardy-her-harn(which nobody seems to want either)!

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