Firstly I would like to give my profound graditude to The Fly, Chess and the rest of the iBC crew for giving us journeymen a medium in which to ply our trade.
What is the deal with sell side scallywags, MS, GS, etc? If you read Fly’s post earlier, you know that these sell side leeches sucked all kinds of fees out of overvaluing FB. I just can’t get my head around “why?” I get greed but is their no end, how can you possibly chase more money when you have so much, and you treat your clients, who you are supposed to make money for, LIKE ASS! That’s the part I don’t get, screwing over both buy-siders and your clients consciously, just to make more money that you don’t really need. Another thing, how about all the crap CEO’s out there that do a HORRIBLE job, yet get bonuses to basically get fired! This has to end sooner or later, the moderate voting middle class is starting to notice, and that is when it starts to get real. Where do we go from here? We all need to start Einhorning[sic] people, if you see a company that is fundamentally retarded, GMCR, FSLR, ZNGA, etc. let’s start BLOWING THAT SHIT UP! Let’s start wrecking house, because it is our right as Gentlemen to act with honor and due diligence. We will bank coin with integrity and honor, in the way of our forefathers.
I hope they continue to be ground into the earth over there at FB, crushing MS far before the lockup ends. As we all sit back and watch Mt. Everest burn and crash into ground, sliding into the pink sheets. I don’t mean to be so bearish and apocalyptic, but they must pay for this. A LOT of people lost a LOT of money, including those on this site and myself. We must exact revenge. I am going to short it, as it will definitely not have good earnings, its advertising revenue continuing to slide. The new “Timeline,” made it way harder to put advertisements in, and their are NONE on my phone. This is stupidity, executed by a stupid company, that should have stayed private.
We’re going to rip on the open, then slow into a crawl, but it will at least be green. Don’t get “Sell-Sided,” “Einhorn,” someone.