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Meet The Greater Fool: "I'm Just Buying Because Everybody's Talking About Twitter"
Wondering who you will flip your IPO allocation to? Meet 56-year-old admin assistant, Deborah Watkins... "I messed up by not buying any Facebook, so I want to get some Twitter."
On her Tuesday lunch break, Deborah Watkins walked through gray drizzle from her office to the TD Ameritrade... The receptionist just inside the front door told her trading at the so-called IPO price – available to large investors and certain brokerage customers before the shares begin trading publicly – wasn’t available to her.
Ms. Watkins said she’d buy the shares once they begin trading, expected Thursday.
“They think little money is no money,” she said of Ameritrade
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Ms. Watkins said she plans to buy about 50 shares... She said she’s not worried about price increases; she just wants to stick to her purchasing plan and buy the shares immediately, though she hasn’t ruled out selling them quickly if there’s a sharp bump.
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Ms. Watkins said she’s interested in the hyped stock because of her economics-major nephew and because she knows what happened with Apple Inc. and Facebook Inc. prices and doesn’t want to miss out,
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“I’m just buying because everybody’s talking about Twitter,” she said. “I’m just gonna take a chance.”
And there it is... the new normal - immediate gratification, take a chance, over-hyped investment opportunities... What could possibly go wrong?
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I'm having terrible flashbacks to 1999
You used to get the best stock tips from your shoeshine boy, back in Roaring 20's.
These days there are no shoeshine boys, they all made millions on S&P call options.
"These days there are no shoeshine boys,"
Sure there are. His name is Obama. And he just LOOOVES to say "YASSAH, MASSA"...to Jamie Dimon everytime he comes around.
Equity "market" colonoscopies on the horizon for the retail "investors" and 12 HOUR REAL LIFE ANAL PROBES & COLONOSCOPIES for the American who dares to not come to a complete stop at a stop sign:
http://www.thetruthaboutcars.com/2013/11/new-mexico-subjects-apparently-...
New Mexico Subjects Apparently Innocent Motorist To Twelve Hours Of Rectal Violation And A Forced Colonoscopy for New Mexico Subjects Apparently Innocent Motorist To Twelve Hours Of Rectal Violation And A Forced Colonoscopy
When David Eckert left the Wal-Mart parking lot in Deming, NM, he apparently failed to come to a complete stop at a stop sign. What happened next is the stuff of prison-planet nightmares.
Multiple sources, including The Blaze, have reprinted Mr. Eckert’s harrowing experience, related below by his attorney and reportedly confirmed by medical records. It began when the police believed he was “clenching his buttocks” as he exited the vehicle. He was taken to a local hospital to have his rectal cavity probed. When the doctors there refused to perform the procedure, the cops took him to a hospital where they weren’t so hung up on the whole human-dignity thing. And then:
1. Eckert’s abdominal area was X-rayed; no narcotics were found.
2. Doctors then performed an exam of Eckert’s anus with their fingers; no narcotics were found.
3. Doctors performed a second exam of Eckert’s anus with their fingers; no narcotics were found.
4. Doctors penetrated Eckert’s anus to insert an enema. Eckert was forced to defecate in front of doctors and police officers. Eckert watched as doctors searched his stool. No narcotics were found.
5. Doctors penetrated Eckert’s anus to insert an enema a second time. Eckert was forced to defecate in front of doctors and police officers. Eckert watched as doctors searched his stool. No narcotics were found.
6. Doctors penetrated Eckert’s anus to insert an enema a third time. Eckert was forced to defecate in front of doctors and police officers. Eckert watched as doctors searched his stool. No narcotics were found.
7. Doctors then X-rayed Eckert again; no narcotics were found.
8. Doctors prepared Eckert for surgery, sedated him, and then performed a colonoscopy where a scope with a camera was inserted into Eckert’s anus, rectum, colon and large intestines. No narcotics were found.
Yep, I saw this.
Obviously, cops just couldn't take 'no' for an answer.
You forgot to mention the poor sumbitch got a bill for 6 large for his troubles, so the going rate for ass rape in a hospital is $500/hr
In America, minor traffic infractions = major, surgical anal infractions.
“I’m just buying because everybody’s talking about Twitter,” she said. “I’m just gonna take a chance"
...."I got the tip from a Twit...."
Yes, many overseas tourists will now want to visit the land of the free. Perhaps, our insurance companies can sell them insurance for such a contingency. Don't head for the USA without rape insurance.
Maybe this was actually ObamaCare in action and we haven't learned all the details yet.
note to self: Never grab my ass when confronted by law enforcement
I never considered being a gigolo before but I'd almost be willing to go through that for the 10+ million I expect him to receive.
"I messed up by not buying any physical silver in 2013, so I want to get some silver now."
What Deborah will be saying as she carries the remnants of her TD Ameritrade account down to the coin shop.
note to self: Never grab my ass when confronted by law enforcement
Fuck em all,
I wouldn't piss in a cop's mouth if their teeth were on fire.
pods
Thanks to Obama - a lot of people barely have shoes let alone enough for a shine.
This poor lady. Sad.
Textbook definition of speculation. "just taking a chance." Give me a break. So literally she is pulling the lever hoping for 777. That's how we fund capital worthy endevors?
So many silly people out there...
Hard assetz, fishez!
She'd be better off buying scratch-offs.
"We use Wagner. It scares the shit out of the slopes. My boys love it!"
The Last Ride of the Muppets.
pods
While that sounds funny to say, scratch offs go to zero much more quickly than stocks, and the tech bubble marches on for now...
"I messed up by not buying any Facebook, so I want to get some Twitter."
TWIT
Hard assets - beans, bullets, bandages, ....ag, au, pb
Don't forget highly-engineered 52100 steel products!
“We will learn an enormous amount in the very short term, quite a bit in the medium term and absolutely nothing in the long term.” – Michael Rivero
I'm gonna, like, buy it because, ummmmm.........I like the little, like, bird and stuff. And I, like, belong to, like, twitter and stuff, so it's like so keeeewwwl.
Like, Yah!
How To Figure Out There's a Stock Market Bubble 101
A little birdie told me to buy it.
"I'm having terrible flashbacks to 1999"
You mean like this ?
http://static3.businessinsider.com/image/4d498fd14bd7c8317b0a0000/former...
They put it on NYSE, instead of NASDAQ, so they could get that first day "pop", for the insiders.
That is the new market...no fundimentals...just momentum...feelings...
Feeeelings.....whoa whoa whoa feeeeelings......
Twitter has fundamentals...they're just horribly bad.
Really on the fence as to what the aftermarket here will be. Who is going to take this up? Retail? All the anii over at stockwits? Most of them have $2.15 in their Etrade accounts.
Just on principle it prob trades up, but by how much, wtfk.
retail will be on this like flies on shit
of course. take advantege buy aggressivly / sarc
Fuck here we go again. I hope this piece of shit blows up and people lose a shit ton of money so we can finally puts an end to this madness. By the way dumbass, you could have picked up Farcebook at a 50% discount had you waited.
On a pretty short timeline the survival rate of social networks drops to zero. She should wait for the second coming of twtrq.
You mock, but when Twitter expands their limits to 280 characters per tweet, the stock is really going to take off!
That should at least double enterprise value. 2*0=0.
That was supposed to happen with Douchebook. Nothing is ever going to change.
#strongbuy
Deborah Watkins should buy some Bitcoin!
Haaaa. You knew it was coming.
Over.
LOLOL!!!
though she hasn’t ruled out selling them quickly if there’s a sharp bump.
How to set yourself up to fail. Text book..
Maybe she should look at what happened to Facebook after it's open and buy a few days later. Another suggestion is the classic, buyer beware: www.sott.net/article/268393-Twitter-keeps-suspending-account-critical-of...
At least we know who Twitter is working for, same as all the rest, but remember these 'useful idiot' (to use the CIA slang) are like those poor people who didn't get off the Olympic(oops Titantic for the sheeple) and forgot to jump ship before it sank. Like most things in nature, it comes like 'fire and ice'.
Every think Bernanke, Yellen and the 12 other Fed heads are trying to get assets higher than the DOT COM bubble?
Sure does look like it.
Wall Street sure wants it for year-end bonuses.
and you wonder why this genius is an admin assistant.
“They think little money is no money,” she said of Ameritrade.
Well she at least got that part right.
A little bird said "Twitter!"
New Norma;? Bullshit. This is the way it has been forever. Its just accessible to the masses now.
As an earlier posted wrote, welcome to 1999.
I am going to put on my purple velvet jacket and ride my motorcycle to Lake Tittycana.
With Goldman managing the Twitter IPO, you can bet your life that Twitter will rise after the IPO. Goldman has tremendous experience creating its own reality. Would not be surprised to see Twitter at $30 tomorrow - it is a criminal, manipulated market after all. Hold your nose and buy everything. That mantra has worked like a charm this year.
Besides, Bernanke has got your back.
And who'd have thought MDB was a lady all this time!
I'm thinking of putting a little money on Tweeter Home Entertainment Group Inc.
The old symbol (TWTRQ) got lots of interest when everybody thought they were getting in on the ground floor.
Even though they changed the symbol to THEGQ, I'm pretty sure that some algo somewhere will spot the Tweeter name and ramp the stock. It's now trading under a nickel.
Even the Wall Street Journal is trying hard to educate the morons. Let's see if the message gets through. Tomorrow will be interesting.
http://blogs.wsj.com/moneybeat/2013/10/11/finra-after-twitter-confusion-...
Little money is more low hanging fruit for the HFT's. The Twitter IPO is will be a bigger fiasco than the FB IPO. Welcome to the sheepie shearing my little retail investor....BUZZZZZZZ.
just let all the muppets buy at 27 ipo price; then wait a few days or weeks and get in at 19 or something like that.
in one year TWTR will be at 50 so ... no worries just $$ - everyone uses twitter they will find ways to increase their reveneues. count on it.
uncle ben and printing dwarf-economics-gurl will do the rest.
The IPO will be delayed by 2 hrs, no one will get a decent price except the algos, and by monday the shares will be worth half their opening value.
How much will Nancy Pelosi et al make off this?
Classic pump and dump
Twit err...
:-)
Just what exactly is Twitter "producing" that it should qualify as an stock? Nada, from what I can glean. Amerikan sheeple are dumber than even I gave them credit for being. Just look at the guy who ruined the DNC being elected to become the governor of VA!! Nothing that happens or is said in this shithole of a country surprises me any longer. Let the shitstorm begin!
Imagine my shock this morning, quickly turning to laughter when I found out Terry McAuliffe of all people was the winner. This country has truly gone full retard (NOT an endorsement of the GOP).
Twitter sucks NSA cock for IPO favors.
Who's the more foolish, the fool or the fool who follows him?
It never fucking ends. They never get their asses handed to them badly enough that they just quit the game and walk away.
There's always a bailout or SNAP card in waiting.
ahh, the exuberance of youth.
I feel sorry for her. I feel sorry for her nephew who's tens of thousand college education is absolutely worthless.
Anyone who truly understands social media would know that it is virtually impossible to have a long-term social-media site if it's core membership is based on a fad. Facebook went public amidst the reality that a lot of users were starting to leave facebook. A year after we are starting to see a mass exodus of young people, the core root of these social media websites. And just as Twitter is about to go public, Yahoo News (lols) comes out with a story of how a huge exodus of users are leaving Twitter, highlighting celebrities and writers with thousands of followers. These are fads, because they rely on their core users to be young, and very social.
If her nephew was an economics maven as they claim he'd know better to hedge his bets on a fad. Especially a fad that is on it's way out. And now his aunt is going to lose some money. Merry Christmas 2013, all around.
2013, meet 1999. 1999, meet 2013.
I guess we can be thankful that they only have the ability to do this to people once a year or so now. It is not like the I-net bubble where they were doing this every week. Those were the days I tell you.
It is not possible to have as much hate for a company as many do for Ballsackbook, with its "pardon me" little piece of effeminate shit "f" logo...and abysmal MySpace redux business model, and then,,,there's dildoberg, but Twitter is starting to piss me off. What is rampantly so world changing about quick blurbs to a group of people with links. When is zh going public?
"with its "pardon me" little piece of effeminate shit "f" logo"
Sounds like someone got burned bad.
not at all. just my opinion. It's a piece of shit logo. just don't like bullshit profits on an idea that will be gone in five years.
If you like it, go thumbs up all your friends. Either way, I don't give a shit. your comment is annoying and douchelike, and belongs on Facebook.
fwiw, I hope Twitter does well, and also wish FB dies a slow death. simple as that.
elementary, my dear Deborah Watson, twitter will be a winner. And if not... fuck off.
The posted anecdote is kind of worrying. Analysts say there are 5 stages to a bubble. What if we are only at the latter part of Stage 2, where the "smart" advice is getting the widest hearing? That means we haven't entered the manic stage, Stage 3.
Can't wait for all those calls from family and friends telling me to take a ride to wealth with them.
"Meet 56-year-old admin assistant, Deborah Watkins...'I messed up by not buying any Facebook, so I want to get some Twitter'."
Dear Deborah, you're a 56-year-old admin assistant who still goes to a physical brokerage office (at least you're using discount). If you're going to be in stocks, here's some advice: #mutualfunds
#plastics
The amount of fakes and inactives is likely close to 50%
The amount of multiples could be another 15%
and then the millions of mindless blobs
https://twitter.com/Michael_Manetta/statuses/397948223182348288
Seeing comments like good ol' Debbie's and knowing there are millions more just like her, it's damn near impossible to not be a full-throated misanthrope.
> Ms. Watkins said she’s interested in the hyped stock because of her economics-major nephew...
The author throws a nice tell here: only idiots will be buying the Twit.
Translation: "...because of her economics-major nephew..."
Because her moron nephew thinks twattle is kewl she's gonna get down on sum shares.
I wish my nephew had a crystal ball like Debbie's.
My nephew has a rap sheet along with being unemployed so I really don't give a shit about what he thinks about the Twitter IPO.
How many shares is Debbie's nephew buying?
Poor Miss Watkins is probably feeling all flushed with excitement that she's famous now.
Did she buy an iPhone?
http://www.zerohedge.com/news/2013-09-20/friday-unhumor-imorons