OBAMA. THE FACEBOOK BIGGEST BOILER ROOM IPO IN HISTORY..
The Facebook ipo was a boiler room underwriting and resulted in “hot money” running for dear mercy (lol) out of anything socially related.
Seriously, you cannot make this stuff up. Not only did the Facebook ipo fail to inspire, it caused a cataclysm in the market, a dislocation in a sector not seen since the dot bomb days. At least back then stocks fell because business sucked. Today, these companies are growing; but because people despise anything related to Facebook, the stocks are getting fed to animals, dirty, vicious ones in the streets.
Here’s what is going to happen next.
Facebook is grossly overvalued, by at least 30%. The shares of Facebook are going to trade under $30 inside of 30 days