Thursday, May 17, 2012

Facebook Insider Dumping

Those Facebook insiders are ramping up the selling.  Its going to be $18B.   It was originally supposed to be $12B.  Then $14B.  Now $18B with more insiders turning into eager beavers looking to cash out and leave the bag for the retail investors to hold. They are cashing out like crazy, they realize an absurb valuation when they see it and they are taking full advantage.  Once again, the Wall Street hype machine will fleece the dumb money buying in after the open tomorrow. 

Expecting intraday weakness today, but I think we'll squeeze into the close based on traders buying/covering ahead of the Facebook hype. 

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