Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Much like the housing bust there is more than one player to blame here but the debacle that has become Facebook (FB) is a sight to behold. This is one of the few names that the “retail investor” knew and wanted a piece of, and due to greed of all parties involved, it’s turned a horror show. From the $38 IPO price it is quickly approaching a 50% loss!!
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
