Wednesday, May 16, 2012

Facebook follies!

Here's what will happen.

There'll be a great pop when Facebook shares start trading.

All the insiders will make out like bandits.

A few weeks or months down the road, there will be another "pop".

That'll be the sound of the Facebook bubble bursting.

By then all the stock will be held by the little guys who bought it from the insiders.

When the market re-values Facebook back to where it properly belongs, that $100 billion company is going to worth less than a penny for every dollar those retail folks paid for it.

No doubt the insiders will be patting themselves on the back and congratulating one another for their astute read of the market.

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