Entries in doc mcgee (1)


Facebook Share Price Falls Again!

Folks, two weeks ago I told you in this post that Facebook would keep diving, because the big players are tripping over themselves to get out of this thing. They see the exit signs and are cashing in, big time. Meanwhile, the little players who were hit hard initially are still in, as they're holding out hope that the stock will go up on the promises of Mark Zuckerberg who speaks of great things to come. Well the stock fell 4.5% today, and it will go even lower, thanks to lock-up expirations I mentioned earlier, which will add close to 1.5 billion shares to the market by November 14. Money will fly into the pockets of those who bought early and bought cheap, and many more will lose money. That's the name of the game. On the strength of this news, brokerage firms and some Facebook underwriters are cutting their price targets.

Some would say that you can't write this stuff, but it seems that's not true anymore. Read my Kill Factor series if you want to see this stuff in action. Corrupt far-reaching corporations with their hands in everything being crippled by market manipulation. Riveting stuff!

On another note, congrats to fellow 711 Press author Ronald Coleborn on releasing his new series that starts with Knight's Valor. Loved it! Looking forward to more.