I agree it will be $85 in 12 months, after a 10 for one reverse stock split, like Citi did.
I think that with almost 1Billion users, this company does have some value. At $3, it becomes a very compelling way to get into the social media space. I feel sorry about all the dumbass VC's who were scrambling all over each other trying to get in before the IPO at a $70B valuation. The pension funds and other investors who pay them 2% annual fees to invest in this type of shyttee investment should all be fired.
The real sad story is all those poor employees who will have to sell their homes and liquidate their IRA's to pay the IRS for their phantom gains in their RSU's when their stock ispractically worthless.
Lucky Zuck was able to stick his stock to those stupid IPO buyers and does not have to work a day in his life.
Still waiting for that rally. Glad I took Pud's advice and shorted the hell out of this market.
What a great market when you can make mone when everything goes to hell
Look, I was in the PE business and enjoyed 15% tax rates on my substantial gains, just like Romney but I think it is just unfair to be able to keep almost all of my bonus when everyone else has to pay 39% of theirs. There is no reason why anyone meeds to keep more than $1M of annual income. Anything more should be taxed at 95%.
I agree. The tax rate should be at 95% for all ordinary income over $1M. These hedge fund guys making $5B a year in bonuses (masked as capital gains) taxed at just 15% would now have to pay $4.75B in tax. That would soon take care of the deficit.
Yeah, the same stupid PHd's that got some hedge funds like long term capital bankrupt a few years ago. This is pure trend following until the trend reverses and then all hell breaks loose as all the dumb bots try to get out at the same time. Remember the flash crash? All it takes is a small event (like Israel bombing Iran) and watch the bots go nuts trying to get out the door at the same time. Unfortunately it is real money in your IRA that will go up in smoke.
The best solution is for Greece to take the $135B and just buy apple stock. After it triples, they can pay back all their debt abd still have plenty left over for Ouzo and bouzoukia.
the market always goes up, don't youknow. Keep playing qith your iphones and ipads and watch apple keep going up, bringinh the market up with it. What a market.