A few weeks ago they were talking about an IPO price for Twitter at $12. Last night they priced it at $26. This morning it will open north of $46. They lost $69 million last quarter. Can you say top of the market in 140 characters or less? Sometimes they do ring a bell at the top. Now where is my Pets.com prospectus?
Twitter Pricing Update: $42-46
Submitted by Tyler Durden on 11/07/2013 09:56 -0500
It just gets better and better: TRADING RANGE: TWTR (NYSE): 42.0000-46.0000
As a reminder, at $44/share, Twitter’s valuation rises to $31 billion!
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Twitter Opens At $45.10 (+73%); Trades Up To $48 (+84%)
Submitted by Tyler Durden on 11/07/2013 10:52 -0500
+73% at the open… HFT activity is extreme
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Go lemmings Go
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Absolutely hilarious, the internet boom/bust 2.0.
People never learn, so cycles and bubbles repeat again and again. But now, of course, there is record margin debt (people borrowing to buy stocks).
Easy money, greed, the great corrupter.
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Twitterrrrrr………..
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DotCom bubble 2.0
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@AWD: That’s a cool graphic..
Right now, Old Muck is sitting on the sidelines waiting to see what will break first – the market in general or a bond collapse (look for 30 year T-paper over 3.8 or 3.9).
With the high-speed-algo trading forward of any buy/sell to shave a $.01 extra profit on most actively traded stuff has made me wary of even trusting my MRO system in case you’re long or short, the market trading jams up and you can neither get in or out of a position and face a throat cutting either way.
So I get a beer and watch a while.. Or go count coins or something else peaceful.
MA
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Sell!
Surreal. Twitter at $6, gold down 20, good people die too young, criminals run amuck in DC and Wall Street. I am so depressed, really, why bother? I should cash out, go to a resort, spend all my money, then whack myself when the money runs out. Why not? What good does the future hold? No kids, no wife, why do I care so much?
I wonder what’s fueling the DotCom bubble 2.0?
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Via Monty Pelerin’s World blog,
10 Steps Closer To Economic Armageddon
1. Europe is not in good shape. Anyone who believed they were, should be disabused of such notions.
2. The forcing down of interest rates once again further exacerbates the longer-term mis-allocation of resources. Such actions may buy time, but only at the cost of greater problems down the road.
3. Macro-economics is failed witchcraft which should be apparent to anyone paying attention. Yet it will continue to be used to justify “remedial” actions out of desperation.
4. Governments around the world have only this hammer (liquidity/stimulus). They will hammer away even though that cannot solve the problem(s).
5. Liquidity and stimulus will not end in the US or Europe until markets end it. The market ending will be either an implosion or a crack-up boom. Either is possible at this stage.
6. Governments are in full pretend mode. They have no control over the situation other than to fool people into believing that things are getting better.
7. The policies employed by governments ensure the destruction of economies and themselves. Governments spiral downward toward defaults and bankruptcy that will take economies with them.
8. Currencies are being destroyed in terms of purchasing power.
9. Nothing is being done to correct economic problems. Politics has deemed true remedies too severe. They are off the table, replaced by extend and pretend actions.
10. The shelf-life of this government fraud is limited. Economic Armageddon is coming.
The frustrations of watching this play out are huge. So too is the knowledge that this entire scheme jeopardizes more than living standards and economies. It threatens the very future and quality of civilizations themselves.
I was gonna buy some twitter at the open today. But my financial adviser told me not to. This guy:
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sounds like farcebook part deux.
How many US senators and representatives were given a piece of the IPO action?
It is common to give Washington’s movers and shakers a piece of the action to grease the palms and protect things from regulators.
We are ruled by scum.
Reuters reported that market sources said investors had asked for 30 times the 70 million shares on offer in the IPO, representing about 13 percent of Twitter’s outstanding common shares.
CHA-CHING
Here is what I learned from twaddle (though i wasofwont (iWoW) (book it) to call it twatter,no offense to the kinder gender)
badbios. Yeh.
WTF is it?
http://arstechnica.com/security/2013/10/meet-badbios-the-mysterious-mac-and-pc-malware-that-jumps-airgaps/
Of course the shit (data transmission doesnt work) doesnt work.
I tracked this methodology back to some MiT student guy named Panuducci (sic)
Python scripter.
Idiots.
Which reminds me of people buying into Twitter.
“Sell in May and walk away!” Except this time the market has continued on its hesitant stride upwards.
People think I’m crazy for saying “what goes up must come down.”