Wednesday, June 27, 2012

Wall Street never learns. (Facebook)

I have made tons of mistakes in my career. Wall Street never learns. Today all the underwriters of the Facebook IPO issued their reports on the company. They must wait 30 days after the IPO to do this. Now 30 days later many of them have 12 month price targets under the IPO price less the 30 plus days ago. What a JOKE. See the link below. http://www.bloomberg.com/video/facebook-analyst-reports-target-return-to-ipo-price-9xA1N1gRRJO1XGMMxisRrg.html

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