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  • incognitusfn2 incognitusfn2 Sep 6, 2011 6:32 PM Flag

    Shorts will be fried like french fries

    Well, a lot of people rode that and more in other bubbles. It's what keeps attracting people to the bubbles...

    Objectively this is trading at 109 times 2011's earnings, and those earnings are declining.

    And with a lot of costs to get content and stuff, I wouldn't be surprised if the earnings kept declining into 2012, prompting a continuous downgrade of estimates, which has been going on for 1 1/2 years already.

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