Forget about the idiocy that is today. People are selling (mind you and get this) GSVC– because GRPN only soared 45% on its ipo. Well, hello and color me black, but the company has no more than $2 million invested in GRPN. Please listen to me while I sip on black tea infused with bergamot oil:
THE FUCKING COMPANY HAS A SHITLOAD OF CASH AND INVESTMENTS THAT WILL MAKE IT WORTHWHILE.
Was that candid enough?
They have 2 mill in GRPN and almost 7 in Twitter, as well as Facebook. Let me be clear again:
THERE IS NO BETTER WAY FOR THE RETAIL INVESTOR TO GET PRIVATE EQUITY EXPOSURE THAN GSVC.
It is the conduit, the bridge if you will, between the haves and the have nots.
Just so you know, “The Fly” traverses on both sides of the bridge and GSVC has my rapturous attention.
At any rate, I am not accustomed to speaking to you with such respect and levelness, because it isn’t fair to me. So, let me wrap this up with contempt: fuck you little trollops, who eat fig newtons all day and talk shit on Twitter about how fucked up this market is. “The Fly” is making magnanimous moves TO THE UPSIDE in WNR and hated VCR-Killer company, the infamous NFLX.
UPDATE: I sold CIEN and bought DK
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http://www.youtube.com/watch?v=p3G5IXn0K7A
V.K.I.G.
When’s V.King going to start “tab” blogging around here?
Let them short into the Facebook and Twitter IPO.
Facebook have lost their window of opportunity. Besides, the usage levels have dropped (I’m judging by my “circle”) due to excessive growth in contacts (reduction of privacy) earlier this year. Twitter have yet to show how they’re gonna make the money.
The point is there will be many future IPO’s.
This is the one of the only access points.
FBOOK ipos at $100 billion.
Twitter is a superb compliment to google. It is a supply of unfiltered news from people on the ground. When Bin Laden was disposed one of his unsuspecting neighbors tweeted all about the top secret raid. Search for “no homo” on twitter and keep a straight face. Put a value on that.
The tweet about the raid got its meaning only after the fact, when the world had learned about that A-jad town. Before that it was only a gossip, not so much different from random chat one hears when commuting. Shall somebody find a way to make Tweeter make money, could for them. For now that’s just a fantasy football.
It’s distilled information direct from the source. Next time an earthquake happens have a look at twitter feed 10 seconds after it happens. Then go to major news outlets.
I discuss this in more depth on my latest blog post on the IBC Blogger Network
http://ibankcoin.com/drschadenfreude/2011/11/04/myspace-the-detroit-of-social-networks/
I agree with the $GOOG fit. I was disappointed when $GOOG stopped its real-time search of the twitter stream. It was the most efficient way I could find to get real time info on news rumors, stock rumors, natural disasters, etc.
$GOOG news is to slow, and unless you are following the “good” news gatherers (WhateverTF that means), you won’t get the real story for precious minutes.
vkig- v king is goofy?
Maybe vking lives in Vancouver, WA
BANNED
Where is V.King Kingdom?
By the way, as I have no interest in US politics, I’d like to ennobled to the status of a at least a Lord, but preferably a Duke.
I’ll bring V.King three wenches for my every single one.
They will carry baskets of whey protein and golden chalices aka “Golden Goblets.”
Hail!
What’s the reason for the GSVC dive?
sell the news.
Dodo birds
8% haircut, wow. Looks like NFLX is heading back for the $100 roll, and more. BTW, why do you not buy FCX, MOS, POT, AGU? Why do you prefer silver over ag?
GSVC yet top make a profit?
… as I understand it GSVC owns GRPN @ ~ $50/sh ! (someone feel free to correct me)
I doubt seriously GRPN ever sees that level !
Can’t imagine how that benefits GSVC !
Just sayin’
.
Damn good question…for an alf. ;/
That’s absurd. How did/would they buy shares at $50 pre IPO when they priced the IPO at $20?
Please use common sense.
… GRPN apparently did a 2:1 split at some point putting GSVC’s cost/sh @ ~ $25/sh !
I stand corrected !
.
http://ibankcoin.com/news/2011/11/03/gsvcs-portfolio-of-companies/
Silly alf…
… I’ll ignore that !
.
Grpn split 2:1.
You stand courrected
… I dun sed that !
.
Gaga for Google…
Senor Fly, talking about his WNR yet again.
What do you think, GRPN below 20 buckaroos within a month even with the Turkey Gods fattening everything up? It is back at where it opened now. That was a good video somebody linked earlier to that analyst that said 95% of businesses only use GPRN once. Facials.
Here Bic…if y our playing the IPO odds this year they do not look too promising.
http://www.businessweek.com/finance/occupy-wall-street/archives/2011/11/groupon_beware_of_20_hot_ipos_20_tanked_later.html
Thanks for that. Not too promising is an understatement. Totally fooked up is more accurate.
Mr. Le Fly, please be careful. A few months ago I signed up on secondmarket.com and just started buying random shit. Then I unloaded $GSVC upon my enemies. I don’t want to see anyone I care about getting hurt. This social media bubble is about to get myspace’d.
I am enjoying this tune today!
Yeah but didn’t you say yesterday that:
Ahead of the Groupon ipo, I added to my GSVC position.
Groupon is gonna rip tits.
Groupon did rip tits and I did add to gsvc and I did lose paper money. That’s the mkt
In and adding to. Long live Sir Fly!
That was some $14.15 secondary stock coming out on the news. Grope- On is not the crux of the GSVC story here. Besides I will bet against Herb Greenberg and the rest of the CNBC dipsticks every time. Geez, listening to them is like watching monkeys fuck, .
Between Carl Ichan and that Investment Co. letter to Jerry Wang @ Yahoo, I will do my own letter:
Dear SEC:
You suck.
Kindly send my $$ back that I lost in WCOM and Enron.
Very truly yours,
TC
PS Say hello to Bernie M. for me.
Le Fly is taking in Le Poop Shoot today.
Banned
Why is BAC down 6%? All other financial down only 1-3%.
Because they suck 2 to 3 worse than everyone else
Stock for debt, stock for preferreds. Everyone wins. Everyone gets a trophy.
(Reuters) – Bank of America Corp (BAC.N) shares fell about 4 percent after the second-biggest U.S. bank revealed plans to issue common stock in exchange for preferred shares.
That’s some crazy techno SirFly.
Moe on CNBC !
Predicts a $50 price for GRPN !
.
Kind of looked like Shemp Howard to me.
Hard to tell the brothers apart sometimes.
No !
It was definitely Moe !
😆
.
OK
I’ll go with you on that.
You have better eyesight than me.
Michael Moe is a snake oil salesman…always has been, always will be…anyone in the industry knows it.
Now he’s hoping the unsuspecting public doesn’t.
GSVC and WNR are two of the few things I still own–even though I’m about 85% cash in my trading acct at the moment. I’m too busy at work to trade nowadays, and part-timing this volatility would be murderous….
Be careful Fly, know you’re a smart guy and respect, these new techs coming out though are complete and utter shit.
Whoever was able to get their hands on some shares before it went public dumped em all today.
Can’t wait until people starting writing some puts.
GRPN –> $0
Fly, a more appropriate song for the haters, real slim shady:
“I’m sick of you little girl and boy groups, all you do is annoy me, So I have been sent here to destroy you
And there’s a million of us just like me
Who cuss like me, who just don’t give a fuck like me, Who dress like me, walk, talk and act like me, And just might be the next best thing but not quite me”
Italian Finance Minister warns that if Prime Minister Berlusconi does not step down, “on Monday there will be a disaster on the markets.”
DailyFXTeam Nov 04, 2011 17:38:20 GMT
Bullish bias into the holidays. Nice bullish “complex inverse head and shoulders” in VGK and EEM sectors. Almost picture perfect.
But , if something does happen in Iran, Im shorting this pig down to dow 9700. Oil would gap up to 150 in less than 2 trading days. XLY and XRT would start dropping faster than the circuit breakers can keep up.
Unfortunately, Obama may be saying this to the troops by spring—
” I said you’d be home from Iraq for christmas, but , i never promised you wouldn’t be in tehran for easter”