In true manic depressive fashion, I bought both ERY and GSVC.
NOTE: GSVC is the only publicly traded company, aside from GS, with an equity stake in Facebook. It comprises more than 15% of its portfolio.
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WNR doing the $20 roll….its time to party. Scotch and Cigars. Boats and Hoes.
Is WNR potentially a take over target as the price action is relentlessly up?
The price action was relentlessly down a few weeks ago. I would not describe it as a hot buy out candidate.
It is likely short covering and anticipation of boffo earnings.
it’s rippin major tit. dolly parton size.
Damn I love those plastic fun bags.
I have no sympathy for anybody long into today’s tape. If you were fortunate enough to follow Fly and/or get in along the way, you should have been peeling off part or all of your positions at this point, as this 2-week run was insane. Sure, it could have kept going, but at some point there would be a pause.
I was fortunate enough to make some money on the short side this morning, but have since flattened back out to 100% cash and am waiting to see what develops. For as bad as this is “supposed” to be, it doesn’t really seem that awful and there really isn’t much fear.
Given the light volume on the way up, it wouldn’t take that much for everybody to already be flushed out and ready to buy again, which means this dip could/should be short-lived and the march higher can continue…I have no idea why it’s going higher, but whatever, since when do we want to let logic, fundamentals, and economic realities get in our way?!
shhhhh. idealogue
Knew I should have bought KBH this morning
But, still expect to get a 2% or so more of a SPY pullback to buy some KB homes.
Ugly homes, horrible commercial jingle, but good for a bounce
then stay short … I dare you, LOL
Until Monday. That was when the fledgling GSV Capital (GSV) announced it had scrounged up 225,000 shares from former Facebook employees at an average price of $29.28 per share. Since there are an estimated 2.4 billion Facebook shares outstanding, this values the company at $70 billion.
GSV, which raised $46.5 million in its own barely noticed IPO two months ago, bills itself as a closed-end fund investing in “privately-held, venture capital-backed, rapidly growing companies.”
http://seekingalpha.com/article/277186-do-i-hear-210-billion-for-facebook?source=yahoo
MSFT also has a equity stake in FB. 1.6% of the OS