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BoomBustBlog Challenges Face Ripping Facebook Share Peddlers That Left Muppets Faceless And Nearly 50% Poorer After IPO

Reggie Middleton's picture




 

Below is a graphic from 2 weeks ago... 

FB Sep 21 12 18 puts FB Sep 21 12 18 puts

Here's a snapshot of the situation as of today...

fb sep 12 18 puts fb sep 12 18 puts

4x to 6x return on your money and all you had to do was follow
BoomBustBlog in betting against the sell side salesmen of the Street.
Hmmmm.... CNBC runs the following headlines today l

 I made it clear that this sitaution
was virtually guaranteed. I felt so strongly about it that I made much
of my opinion available for free this time. Here's where I broke it down on Capital Account

I also happened to do the same on the Max Kesier show...

Subscribers who haven't refreshed their viewing of our Facebook research should do so now - (subscription only) FaceBook IPO & Valuation Note Update. Pro and instititional subscribers are welcome to peruse the downloadable Facebook Valuation Model, allowing you to input your own assumptions in the very unlikely event you may not agree 180% with me :-)

And from the archives...

Facebook Finally Faces The Fact Of BoomBustBlog Analsysis

I discussed Facebook on the Peter Schiff radio show, the Facebook excerpt is below...

From my previous Facebook analysis public excerpt:

Yeah, I was on a roll last year, wasn't I? That's not the gist of it either, as we reminisce even more...

Here is an excerpt for those who do subscribe to our research and services, YET!

Even
with the fund taking 45%+ losses and the LP (limited partners, ex.
Goldman's clients) losing every last single dime, Goldman easily pulls a
33% return. God forbid Facebook share actually do well, Goldman's
numbers look... Well... Damn near illegal! Almost as if they can pump up
a price without any fundamental justification or public disclosure of
financials and still sell it retail to the public. Of course, such a
thing could and would never occur - not with the every vigilant SEC to
take our backs. Excuse me while a cough a up a lung from laughter...

You
see, this is the dirty little secret of private equity funds. They are
not in the business of investing money for client's maximum risk
adjusted return. They are in the business of collecting fees. Those poor
innocent (or not so, particularly when they are investing their clients
monies, hence are in the same business) souls that actually believe as
the commenter above quoted "Wow!!! If Goldman is putting their money in
this, it must be serious!"simply the lamb being led to the private
equity/IPO slaughterhouse. You see, there is no loss to GS - no matter
how high they bid up the valuation nor how hard it comes crashing down.
This gives them the incentive to shoot for the sky with the private
equity deal, because when the IPO breaks, its bonuses bigger than nearly
any have ever seen. Facebook makes and excellent marketing story as
well. Boy Wunderkind CEO, a product nearly everyone uses and loves, and a
mysterious dearth  of business model to give it a mystical effect.
Don't forget the involvement of the "cream of the crop" of Wall Street
banks, whose bankers, traders and analysts are all so much smarter than
us guys from Brooklyn. Add this up, and you get "Wow!!! If Goldman is
putting their money in this, it must be serious!".

Additional Facebook analysis, valuationa and commentary.

On Max Keiser, go to the 13:55 marker for more on Facebook...

Last month I released an update to our Facebook IPO analysis (subscribers may download it here FaceBook IPO & Valuation Note Update).
In its caveats section, I made pains to make very clear that one of the
biggest threats to Facebook investors actually emanates from within, to
wit:

FB_Corporate_Governance_issues_pt_1

FB_Corporate_Governance_issues_pt_2

It's not just the Facebook IPO, either. I warned heavily that snake
oil salesman were out to get you with the Groupon offering as well, as I
posted earlier this week - Muppets Get MASHED Once Again - Groupon …. Here's what the situation looks like graphically as of today...

grpn oct 12 4 putsgrpn oct 12 4 puts

Double your money by shorting the Street's advice! Once Again!

Here is a full year of free blog
posts and paid research material warning that ANYBODY following the lead
of Goldman, Morgan Stanely and JP Morgan on the Facebook offereing
would get their Face(book)s RIPPED!!! Could you imagine me on a reality
TV show based on this stuff??? Well, it's coming...

  1. Facebook
    Registers The WHOLE WORLD! Or At Least They Would Have To In Order To
    Justify Goldman’s Pricing: Here’s What $2 Billion Or So Worth Of Goldman
    HNW Clients Probably Wish They Read This Time Last Week!
  2. Facebook Becomes One Of The Most Highly Valued Media Companies In The World Thanks To Goldman, & Its Still Private!
  3. Here’s
    A Look At What The Goldman FaceBook Fund Will Look Like As It Ignores
    The SEC & Peddles Private Shares To The Public Without Full
    Disclosure
  4. The
    Anatomy Of The Record Bonus Pool As The Foregone Conclusion: We Plug
    The Numbers From Goldman’s Facebook Fund Marketing Brochure Into Our
    Models
  5. Did Goldman Just Rip Its HNW and Institutional Clients Once Again? Facebook Growth Slows Pre-IPO, Just As We Warned!
  6. The World's First Phenomenally Forensic Facebook Analysis - This Is What You Need Before You Invest, Pt 1
  7. The Final Facebook Forensic IPO Analysis: the Good, the Bad & the Ugly
  8. On Top Of The 2x-10x Return Had Off Of BoomBustBlog Facebook Research, Our Models Show How Much More Is Available...
  9. Is Time For Facebook Investors To Literally Face the Book (Value)?
  10. Facebook Bubble Blowing Justification Exercises Commence Today
  11. Facebook Options Are Now Trading, Or At Least The PUTS Are!
  12. Reggie Middleton breaks down "Muppetology," Face Ripping IPO's, and the Chinese Wall!
  13. Facebooking The Chinese Wall: How A Blog Has Outperformed Wall Street For 5 Yrs
  14. Why Shouldn't Practitioners Of Muppetology Get Swallowed In A Facebook IPO Class Action Suit?
  15. Shorting Federal Facebook Notes Are Not Allowed Today ?
  16. As I Promised Last Year, Facebook Is Being Proven To Be Overhyped and Overpriced!

It would seem that Facebook Finally Faces The Fact Of BoomBustBlog Analsysis. Professional
and institutional BoomBustBlog subscribers have access to a simplified
unlocked version of the valuation model used for this report, available
for immediate download - Facebook Valuation Model 08Feb2012. It
is strongly recommended that said subscribers download and input their
own assumptions into said model in order for confident preparation
before the IPO launch! I just nominally input some very generous numbers
and the best case scenario chart (see the chart tab after your own
individual inputs) is quite revealing, indeed! The full forensic opinion
is available to all subscribers here FaceBook IPO & Valuation Note Update. It is recommended that subscribers (click here to subscribe) also review the original analyses (file iconFB note final 01/11/2011).

 

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Fri, 08/17/2012 - 17:03 | 2715372 Centauri
Centauri's picture

AAPL hits an all time high. Boom Bust is surprisingly quiet.

Fri, 08/17/2012 - 16:52 | 2715345 cocoablini
cocoablini's picture

With declining retail investment,record outflows, super low volume dominated by BOTS who exactly are the Muppets? Hedge funds? Can't be IRA's they are wiped clean already

Fri, 08/17/2012 - 16:22 | 2715234 JohnKozac
JohnKozac's picture

Oi vey!

Fri, 08/17/2012 - 15:55 | 2715113 wdmitch666
wdmitch666's picture

Self-congradulations.

Fri, 08/17/2012 - 15:47 | 2715084 quasimodo
quasimodo's picture

Facebroke

Stupid money changers, what a hoot

 

Fri, 08/17/2012 - 15:05 | 2714960 Meremortal
Meremortal's picture

Mitt Romney couldn't turn this POS around.

Fri, 08/17/2012 - 15:06 | 2714955 Atlantis Consigliore
Atlantis Consigliore's picture

MF - FACEBOOK, Same Dogs,  different fleas,  same poop from your cumdump Banksters on Fraud Street.  Muppets line up bend over, say,  baaaaah baaaaaah baaaaaah, 

reggggguuuuuuulators,   SSSSssssss eeeeee cccccccc,  ccccccffff tttttt seeee,  baaaah baaah, 

Sheeple  with gm, facebook, or a futures account, you get foodstamps. fool.

LOL. 

Fri, 08/17/2012 - 14:13 | 2714796 Lost Wages
Lost Wages's picture

There are additional Facebook lockup expirations lined up for October, November, and December. Whenever they are done with lockup expirations and it has bottomed, it might be a good time to buy, because they are going to become a gambling site. You can gamble for real money on FB UK already.

Fri, 08/17/2012 - 14:38 | 2714865 reload
reload's picture

The next lock-up periods expire on the following dates:

• 15 October: 249 million shares

• 14 November: 1.32 billion shares

• 14 December: 49 million shares

• 13 May 2013: 47 million shares

 

November 14th is the biggie!

Fri, 08/17/2012 - 15:53 | 2715098 EscapingProgress
EscapingProgress's picture

remember remember the 14th of November...

Fri, 08/17/2012 - 14:13 | 2714794 AldousHuxley
AldousHuxley's picture

only real FACE RIPPING being done is by violent black youths for beer....

 

http://www.zerohedge.com/news/deli-clerks-face-slashed-open-refusing-sel...

 

 

 

Fri, 08/17/2012 - 14:46 | 2714874 palmereldritch
palmereldritch's picture

Name your poison.  Zombies come in many forms...

http://www.tauntr.com/blog/zombie-muppets

Fri, 08/17/2012 - 13:08 | 2714589 Moe Howard
Moe Howard's picture

What actually is a stock that does not pay dividends [and never will pay dividends], and is non-voting stock [and never will be able to vote]? I really don't get it as to where the value comes from?

I would never purchase such a class of "stock". It seems to be a con on its' face.

Fri, 08/17/2012 - 14:38 | 2714863 diogeneslaertius
diogeneslaertius's picture

total vapor ware

Fri, 08/17/2012 - 13:24 | 2714656 fireangelmaverick
fireangelmaverick's picture

Like!

Fri, 08/17/2012 - 13:05 | 2714575 falak pema
falak pema's picture

the guy from the brooklyn deli probably met up with a guy who lost out on the faceblank IPO! All on food stamps! 

Fri, 08/17/2012 - 13:00 | 2714559 I am a Man I am...
I am a Man I am Forty's picture

Too bad your Apple call is overshadowing everything else.   

Fri, 08/17/2012 - 14:37 | 2714856 derek_vineyard
derek_vineyard's picture

wheres the continued housing crash in 2012?

 

 cash  is trash and shorts have been obliterated........  long on everything in 2012 , reggie

 

its easy to pile on facebook.............facebook = myspace = aol

Fri, 08/17/2012 - 14:48 | 2714893 Disenchanted
Disenchanted's picture

 

 

 

"facebook = myspace = aol"

 

Anyone remember Compuserve and Prodigy?

 

...not to mention Netscape.

 

 

Fri, 08/17/2012 - 13:00 | 2714558 shovelhead
shovelhead's picture

As Yogi Berra once said:

If you lie down with dogs, you'll sleep with the fishes.

(Well, he could have said it.)

Fri, 08/17/2012 - 12:42 | 2714479 hotkarlandthecl...
hotkarlandtheclevelandsteamers's picture

Reggie I noticed APPL set a new high today I TOLD YA SO!!!.  Also how is that boom bust blog analysis of lnkd doing...if you bash them all you will eventually get one right!!

Fri, 08/17/2012 - 17:01 | 2715370 cocoablini
cocoablini's picture

I am not sure Reggie actually told people to go short APPL-he is just pointing out that margins are shrinking, the competition is getting better plus the labor market is not so flaccid as it once was. If and When APPL goes, it has a very,very long way to go. If they can keep up innovation, then margins will be fine. If they continue to sell JUST iPhones and iPADS then they will go the way of the iPOD and iMACS. THIS DOESN'T MEAN THE STOCK crashes, because in the end there's not much else to get into except other bloated tech stocks like Google

Fri, 08/17/2012 - 14:40 | 2714871 diogeneslaertius
diogeneslaertius's picture

-1M internets for shitting on scholarly analysis

Fri, 08/17/2012 - 14:10 | 2714785 EscapingProgress
EscapingProgress's picture

lnkd will go down below $10, and so will FraudBook.

Fri, 08/17/2012 - 11:02 | 2714142 aerojet
aerojet's picture

FB was not a very subtle rip-off.  I don't see how the Wall Streeters will be able to keep getting away with bullshit like this because this one was just too obvious.  The subtlety required to rip people off requires many years--you have to lull them into a false sense of comfort with your con, then you extract over a long period of time.  There may never be another tech IPO ever again because of Facebook. 

Fri, 08/17/2012 - 15:27 | 2715023 boogerbently
boogerbently's picture

This was a small ":unlock".

The BIG one yet to come (Nov. I think)

Fri, 08/17/2012 - 15:26 | 2715019 MarcusLCrassus
MarcusLCrassus's picture

>I don't see how the Wall Streeters will be able to keep getting away with bullshit like this

 

You must be new here. 

 

They can and they will continue to get away with it and there's not a thing you can do about it.   

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