dagblog - Comments for "Anyone here buy Facebook? Sucker!"

My wife actually called me to

Donal — Tue, 22 May 2012 19:15:09 +0000

In reply to I hope, Donal, that nothing I

My wife actually called me to ask if she should buy shares, so there must have been quite a frenzy on the daytime talk shows. I told her it would be even worse than buying Lotto.

I hope, Donal, that nothing I

acanuck — Tue, 22 May 2012 18:45:44 +0000

In reply to http://online.wsj.com/video/2

I hope, Donal, that nothing I wrote betrayed even the slightest sympathy for the idiots swept up in Facebook frenzy. Rule of thumb: If you don't know what EBITDA stands for, stuff your money under your mattress.

http://online.wsj.com/video/2

Donal — Tue, 22 May 2012 17:19:43 +0000

In reply to And the freefall

http://online.wsj.com/video/2CA1FCA2-9585-4935-AA5B-5164F7C87886.html

And the freefall

acanuck — Tue, 22 May 2012 17:02:55 +0000

In reply to Anyone here buy Facebook? Sucker!

And the freefall continues:

http://www.thestar.com/business/article/1182186--facebook-shares-fall-ag...

Give Facebook credit. It has created the world's very first single-company dot.com bubble. As for Morgan Stanley, when you have to prop up the price on the first day of trading, doesn't that suggest you know you're selling a dog that will lose investors billions of dollars? Even if that's legal, it sure sounds unethical.

I suspect there are sound reasons why they are declining to comment.