Isn't there a facebook IPO this week in the U.S.?
Tomorrow? Next week?
Won't be surprised to see a bit of a relief rally from this
I was thinking this is the relief rally
CanOz
Blue = Rally
Yup, its a rally...for the moment.
CanOz
The rally is pretty much over in Asia now.
HSI ~300 pts off the day's high.
I expect the banks to fall further today. Wouldn't surprise me to see a big sell off in the afternoon across the bourse as the more nervous (or smart) pull their money out ahead of the weekend.
To buy or not to buy?![]()
Wouldn't it be funny if this were a 'Black' Friday and FB is listing!
CanOz
Wouldn't it be funny if this were a 'Black' Friday and FB is listing!
CanOz
Facebook is just another 'muppet suck' - taking $100Billion out of the economy into the hands of a few - it's not good for the market generally looking for liquidity?
Still, wouldn't be surprised to see a bounce rally any day now......
If you were to buy today, would it be in financials?
Apparently the predicted market cap after IPO at just over US$104 Billion will be over 100 times their trailing earnings.
What real, tangible products do they actually produce? Oh, vapourware? APPware?
Can you live on a diet of APPS if the fan gets chucked into the cesspit? LOL
IMHO that US$100+ Billion would be better spent propping up companies that actually grow or make tangible products.
Ah well, some feel-good medicine for Mr Market & his band The Speculators in the short term prolly.
Hi all,
not sure about anyone else..but I had a firesale 2 weeks ago...seems to be just in time as well looking at todays results, anyway staying in the side lines for now.![]()
Oh crap.
I thought I was getting quite good at catching knives. I bought some BHP yesterday. I thought I was clever, told everyone at work to sell their worldy possessions, family, dogs and buy.
When is this dead cat bounce coming.
I hope I don't have to pull my kids out of their private schools.
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