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Pandora Stock Now A Loss For Every Holder Who Hasn't Flipped
Pandora's box of relentless selling is now jammed open. The stock which opened for trading at $16 is now a loss for every holder who hasn't sold since the IPO. The half life of the dot come tech bubble is now just over 24 hours. Next stop: $2.
One chart is always worth a thousand words.
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Don't P on my foot at tell me it's raining.
"Come on, folks -- why the ursine bent ? This is all about the new paradigm...the cash flow thesis...it's about eyeballs and ears -- not future profits !"
"Trust me: Got P ?"
http://static6.businessinsider.com/image/4b7a6c79b24ce148df652b00-344-30...
get in on the ground floor before the stock hits the floor!!!
ALTUCHER
I'm trying to think of an appropriate song for this...
GOT IT!
Alice In Chains - Down In A Hole
Jamming now...
Nine Inch Nails - Down In It
http://www.youtube.com/watch?v=QrrEo3hZABU
+1 Awesome
The boss---
http://www.greektube.org/content/view/72060/2/
I was thinking a little herbie handcock.
Because it's terrifying, it's bizarre, and at some point you just have to realize the enormity of the situation and let what will be, be.
Auf Wiedersehen
http://www.youtube.com/watch?v=ZkWQkq_AaXA
Don't stop...believin'
Hold onto that feelayeeya-in'
How about "freefallin' " by Tom Petty
yeah, 'cause I'm freeeee...free fallin'...
Funny thing is among all the BS internet biz that are listing or looking to list now this is one of the few that actually seems like it could be a solid biz.
Welcome to Bizzaro World.
Although they need to start actually bringing in money before I would call it a solid business. But potential perhaps. Depends almost squarely on whether or not people are willing to pay for services more than likely.
they make no money and have tons of competition
Not just the radio (HD or otherwise), but other streaming music feeds and every iPod/Zune/tape deck/CD player in existence.
And that does not even touch the paid services out there.
Name another one that plays music based on what you like to listen to...
... That would be none.
People don't know what Pandora is. The failure is evident in the stock price, but I don't believe it's due to it's lack of a product.
last.fm
iTunes has that lame genius crap too.. anyway, i thnk Zillow has the best idea but it's another terrible sector to try to bring to market as well
jango
http://www.slacker.com/
Don't they lose money and try to make it up on the volume?
I seem to forget....
Goodbye Facebook IPO. And WTF is Carlyle thinking? I thought they were supposed to be the "smartest guys in the room.." LOL!
This article highlights the writing talent of the staff at ZH - concise, clever & vibrant with just the right amount of snark. I know it's just a day's work for you, but still worth calling out. Bravo!
Indeed. The "staff" is brilliant.
Google finance has LNKD has the top result for companies related to P. Googles algorithms are smart enough to realise these two are in the category of social 2.0 boom.
http://www.google.com/finance?q=p
pets.com'd
No matter how hard or far you cast the line, the sinker eventually sinks.
P...U
For every bubble (and yes, the Bernank-fueled bubble of the last 24 months was epic and potentially proportionately bigger - when [lack of] real demand during the crack up is taken into account - than some very large past bubbles) there is an X marks the spot moment that signals the top.
P, LNKD, the decision to shelve the IPO and take Face-Shart-Book to private market...there's lots more to choose from.
Ben Blows Bubbles from B52s Bernank should feel proud to part of an elite club.
"I'm Going Down......Down Down Down Down Down."
Jeff BecK and Stevie Ray Vaughn. Classic
http://www.youtube.com/watch?v=2UIptI2rcjg
The dxy can't break thru 76. It met huge selling right around 76. The downturn in DXY sent the market rocketing higher when it was near support. If the DXY makes it back up above 76.50, look out below in the ES. Still, this rally is one of the bigger "WTF" moments ever. Philly Fed completely misses, yet the market rallies about 90 points off the low? What the fuck? Not sure if the market is "pricing in" QE3 or what. But they can't QE3 with oil above 90, so it's not coming for at least a few weeks.
June 22 and the China will save us "trade".
This is getting really surreal tho.
Going on 7? weeks straight down, when was the last time something similar happened?
If i recall the resolution was invariably SPLAT.
China going to continue to provide DIP financing to Europe?
Sorry, what "market" are you referring to?
It's all run by gov't sponsored algos. No market exists other than the one being price manipulated for implementation of Fed policy.
It's silly to analyze "the market" as it has become a gov't market. And governments always topple.
LOL! Do the underwriters not even bother to support their IPO's anymore?
This is an epic fail!
JP Morgan and Morgan Stanley were lead underwriters. JPM Securities is currently buying shares at OP to try support this POS. Equity trading desk is a bit frazzled right now.
is this another Goldman Sucks pump and dump?
And just 24 hours ago CNBC was gushing all over this POS. I hope a lot of their viewers went all in on it.
ooopppssss....
one cannot serve two masters
+GM 28.66
Not a peep from CNBC. *crickets chirping*
Don’t despair all you Pandora investors who bought and held at $26. There’s always going to be another IPO launching for you just around the corner. I’m going to create a new dot com website around my used car dealership next week. Goldman tells me they can take us public with a $2 billion cap if I let them manage the offering and take a $billion in trading profits for themselves in the process.
Didn't they tell their suckers, I mean investors that they had to shorten the name of the company from Pandora's Box to Pandora in order to drum up business.
Well, it's been opened now via the IPO and guess what-there's no way out without suffering a big loss.
How many times can Wall St. resurrect Webvan.com?
Buy the dip.... LOL ! ... Dow headed sub 10000 within next six months.
Henry Blodget | Jun. 15, 2011, 2:35 PM
http://www.businessinsider.com/pandora-ipo-priced-right-2011-6
Not much I can add to this...:)
What? Did you expect anything remotely different from Henry Blodget. The writer is banned for life from the securities industry and was fined $4,000,000 for writing very favorable public research reports during his tenure as an internet stock analyst at Merrill Lynch, while at the same time trashing these same companies in private communications. If you were to run into him over drinks in Harry's at Hanover Square I am sure he would be singing a different tune.
Par for the course, from the financial arm of the Huffington Post: Bid'ness Insider.
www.goldman-sucks.com
The single resource for all your Goldman-Sachs bashing needs. I'm gonna make a killing!!
Watch for my IPOs!
"Next stop: $2."
Can someone explain to me why this money loser has value and sino forest is junk. Is it because it is a US money losing stock?
Very simple really.
Pandora is part of the internet, which creates something called lulz.
Lulz, it would appear, are worth a great deal.
Chinese lumber creates no lulz.
The reason Pandora's stock, like that of Linkdin has fallen, is because the savvy investors have realized that these two companies, while part of the internet, do NOT create much in the way of lulz.
Thanks for inducing some coffee spewing lulz over here!
I did it for teh lulz...
Reference Book: Been Down So Long It Looks Like Up To Me by Richard Farina.
I'm utterly astonished, at this late date, there still remain chumps to be harvested.
GROUPON GROUPON GROUPON
I can't wait for that shit show. At least Pandora is cool.
Every prick who somehow comes up with one Original thought in their life, or hell most of them stole that original thought/idea from somebody else, wants to be a Mogul.
These companies are going straight in the shitter, actually they may loop 1/2 way around before diving straight down the pipe.
Fuck Pandora. Y U NO LET ME SKIP SONG WHEN I WANT?!
Fuck Pandora. Y U NO LET ME SKIP SONG WHEN I WANT?!
Looks like it's over for Pandora.
Of course, everyone knows the REAL IPO to own is Linked-In (LNKD)
With the recent sell-off, the P/E is now actually below 2,000!
Time to buy, buy buy!!!...
http://www.slacker.com/