Research in Motion's market share has actually eroded far more than even my bearish estimates, yet it's share price has spiked nearly 30%. This was a profitable short in 2010 and the bear story has not changed. If anything, it has been affirmed and is stronger than ever. Let's take a closer look at the 3rd quarter market share metrics.
Goldman pulls the Facebook IPO, I mean private offering from US investors. They don't know how luck they are! Now, how do we educate the foreign gamblers?
There were many skeptics when I said that housing values would go so low that banks wouldn't even find it cost effective to foreclose. Many relatively bright people dismissed my statements as sensationalist or unrealistic. Well, I suggest some explain that to those folks in Chicago where banks are probably walking away from thousands of homes.
Goldman out right lies to investors and the SEC, exactly as I said they were (in explicit and illustrious detail) throughout all of the financial crisis. Who wants to bet against the presumption that the SEC will let them get away with it?
Facebook will have to hit 65% of today’s total (as in the ENTIRE) world population (not factoring in population growth/shrinkage) by c.2020 to justify anything approaching a $50B valuation
Those who think this will not, better yet... has not metastasized into a very significant problem has overdosed on the Sell Side Kool Aid once too often. The banking industry is soon to be the new tobacco industry.
It's good to be the [marketing] King! Goldman has distributed their Facebook fund marketing materials and I have taken the liberty of running a few of the numbers from the brochure in order to illustrate what those very special Goldman clients that must rush to payout a minimum of $2million by January 7th are in for.
This is not hate for Goldman, but elucidation & clarification regarding exactly what business Goldman, et. al. are actually in & how they generate the profits that they do off of their Client's Backs! Many think that Goldman is the best and brightest on the Street. Those guys went to the same schools, studied under the same teachers, graduated and employed using the same strategies trading the same products as everybody else. Get over the mysticism marketing bullshit.
As of right now, there are not a lot of places to go for the skinny on things such as this Facebook investment (or BPSV, not special purpose vehicle but "Bonus Pool Support Vehicle"), at least in my not so humble opinion.
