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by nl
5138 days ago
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Using words like "moron" is pretty strong. There are a large number of historical precedents to back up that belief. Ignoring well-known examples like Amazon (which even today trades well above where it "should"[1]), there are other examples like "The Globe", which had a first-day gain of 249%[2] More recently, Splunk popped 83%[3]. He addressed the there would have been buyers the past two days thing, too: It never stood a shot. If there was any enthusiasm for this deal, that got wiped out. Think about a guy who was going to put five grand on this. You go to Vegas and put $5,000 on the roulette wheel and it breaks, it's like, hold on, I'm not going to do that. Suddenly you're like this is Wall Street and I hate Wall Street. [1] http://finance.yahoo.com/q?s=AMZN - AMZN has a P/E ratio of 177. Compare that to EBAY: 15, GOOG: 18 [2] http://news.cnet.com/2100-1023-217913.html [3] http://online.wsj.com/article/BT-CO-20120419-713258.html |
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