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Friday, May 25, 2012

Facebook aka Fleecebook IPO: Another Pump & Dump Scam

Michael Wolff spelled it out nicely at MIT's technology review on May 22nd. It's a real shame. The Motely Fool drives it home as well. Apparently the insider trading just never ceases... If it weren't for investigative journalist like Matt Taibbi at Rollingstone, I'd be just as confused and muddled as everyone else. Perhaps Wall Street's excess is a sign of the times that the time for pretending the game is over, is over. Facebook will probably bottom out at $13.00. How's that for a 1 billski valuation?
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