Same fate will come to all the longs. If u bought above 20, you will be selling at 15 or below soon.
Sentiment: Strong Sell
Advertising company Interpublic Group said Tuesday that it sold its remaining Facebook stake for proceeds of $95 million. Interpublic expects to book a pre-tax gain of $94 million from the sale.
Does that mean gullible investors are now holding $94 MILLION WORTH OF SHARES THAT ORIGINALLY WERE WORTH ONLY $1 MILLION.
Transfer of wealth from dumbed-down masses to a select few. 99% donations to the 1%. Wonder why people complain when this happens willingly.
finance (dut) yahoo (dut cum) /news/interpublic-sells-rest-facebook-stake-174709427.html
Interpublic should be very happy. They made a whopping 9400% profit.
I think some other insiders will be happy to sell the stock too, if they are satisfied with a similar 9000% profit.
Now, pay close attention to Mr. Market! Up 45% in the last month. Guidance is major increased revenues. The street knows what this means. EPS will oncrease by another 40% this year. 200% in 2013! Stay awake shorties!
From where? Where is the money coming from? Website ads? Everybody has website ads. Goog's PE is 19. You're the one sleeping.