World economy deteriorating rapidly as shown by U.S. trade data and U.S. stock market gyrating upward incredibly fast. Internet stocks are being bid up to incredibly high values, while they are essentially close to worthless assets by book value or sales or earnings measures. The prime beneficiaries of these stocks are the owners with huge numbers of stock options and the underwriters who get paid megabucks and then hype a company worth very little, irregardless of potential consequences to investing public. I believe many internet high fliers worth less than 10% of current market caps, not to mention the mountain of unexercised stock options. When this thing blows, get the hell out of the way. It's got a long, long, long way to fall.
According to the Securities and Exchange Commision - Enforcement Division - Pumping up the value of a "worthless" stock is fraud. This stock is way "overvalued". If it does go down, the SEC could possibly investigate if someone is "brave enough" to turn them in. Even manipulating the Market Price (such as recommending a "buy" 1 week before the 30 days is up) may be considered FRAUD.
Click on Enforcement division
I am looking into "shorting this stock" BIG TIME in a few short days. This is going to be fun!!