Nobody likes to be called a dummy by a dummy.

FB share update

Yesterday, Daniel Salmon, an analyst at BMO Capital Markets Corp., cut his price estimate on Facebook’s shares to $15 from $25.

source: http://www.bloomberg.com/news/2012-08-31/facebook-drops-on-advertising-sales-growth-concern-at-bmo.html

Some are say that's related to FB's subsequent fall to $18.15 a share:

http://techcrunch.com/2012/08/31/facebook-stock-hits-a-new-low-now-down-more-than-50-since-ipo/

Hm, has Idiot consistently called this or what? Just like with the gold prices, fellows, just like the gold.
Permalink Idiot 
September 1st, 2012 11:36am
Even a stopped clock is right twice a day.

A clock merely running fast though -- maybe it's right once in a blue moon.
Permalink SaveTheHubble 
September 2nd, 2012 8:11am
Did you have the balls to eat your own cooking?
Permalink Shylock 
September 2nd, 2012 12:56pm
Even a stopped clock is right twice a day.

Assuming it's not a military clock and there is no AM/PM indicator, and the clock doesn't have a date dial, a stopped clock is correct 1/60*60*12 = 1/43200 = 0.0023% of the time.

So your characterization is so false as to be transparent propaganda.
Permalink Idiot 
September 2nd, 2012 3:13pm
> Did you have the balls to eat your own cooking?

I made a fuck ton of money on the gold thing.

FB I've already said I'll buy when it hits $9.50 IF the company maintains its current value as a large social networking and mass government surveillance site that makes a small amount on selling access, customer data, and ads.
Permalink Idiot 
September 2nd, 2012 3:14pm
That's a no then.
Permalink Heroic Hacker 
September 2nd, 2012 3:22pm
Sure sounds like a yes to me.
Permalink Idiot 
September 2nd, 2012 3:28pm
Real balls, real belief in what you say, you would have shorted it at 35.
Permalink Shylock 
September 2nd, 2012 4:16pm
I made 6 grand on my gold in the last week alone.
Permalink Dr. Horrorwitz 
September 2nd, 2012 4:31pm
Shorting and the futures market in general is gambling. I never said I was a gambler. Just because you gamble doesn't mean others do.

I said that dogshit isn't worth $40, it was worth $10 at the most.

You have also bitched about my gold predictions, all of which I nailed.

You are desperate to find something so you criticize that I don't by dogshit at $30, $30 or $20 when I have said it is not worth more than $10.

It's a stupid argument.
Permalink Idiot 
September 2nd, 2012 5:21pm
Shylock, state what date FB will hit its value of $10.

Do you have one? Do you know that it will hit it? Or will it be overvalued by suckers forever? Or maybe they fix their model and are worth something.

FB is worth $9.50 and I'd consider buying it at that price right now. It's not selling for $9.50.

That you say "You don't believe it if you don't short." only proves you don't know jack shit about how the market works.
Permalink Idiot 
September 2nd, 2012 5:23pm
> I made 6 grand on my gold in the last week alone.

Sold all mine at close to the peak. It's in other markets now, I recently bought some real estate. Long term investment as I don't see that market clearing for 20 years. But in 20 years it will be a good payoff.

Right now I have very little in stocks.

I made a lot selling my Apple stock a couple years back. Could have made more waiting longer, but I bought most of it at close to $10 a share so I am not complaining.
Permalink Idiot 
September 2nd, 2012 5:25pm
I though it was pretty obviously overpriced. Making that call isn't hard.
Permalink Colm 
September 2nd, 2012 6:22pm
That was my point.
Permalink Shylock 
September 2nd, 2012 9:11pm
Ok, thanks for the clarification.
Permalink Idiot 
September 2nd, 2012 9:33pm
Any other obviously overpriced stocks, at the moment?
Permalink lemonhead 
September 3rd, 2012 4:44am
Nearly all western stocks, since 80% of their value is in IP, and it becomes harder to enforce that.

Add the crisis, and just about all stocks are over-valued, except biotech perhaps and mining / fishing companies.
Permalink Dr. Horrorwitz 
September 3rd, 2012 4:42pm
Seriously - liquidate your holdings and move into physical.
Permalink Dr. Horrorwitz 
September 3rd, 2012 4:43pm
Yeah, pretty much, if I thought there were great values I wouldn't have mentioned cashing out.
Permalink Idiot 
September 3rd, 2012 7:15pm
The things I am holding are fairly valued and I have held long term for retirement. Pay less taxes when retire, the stocks to save for that are the ones that I know won't crash in the next few years. Companies that make basic stuff like paper towels and toasters.
Permalink Idiot 
September 3rd, 2012 7:17pm
Long term return on all these is like 5-10% per year. Better than most savings rates and very low risk.
Permalink Idiot 
September 3rd, 2012 7:18pm
I just bought some more gold.
Permalink Dr. Horrorwitz 
September 4th, 2012 3:56pm

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