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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