Is Twitter The Top? – I.P.O or P.O.S?

You know…….If I was currently the CEO of one of the largest social media sites on the planet, I’d likely want to take my company public too. I mean why not right? You and your original investor base, board of directors, underwriters/bankers , family and friends, all made “multi millionaires” – practically overnight.

It’s a fantastic achievement, and an incredible opportunity for those so fortunate as to take advantage. During the internet craze of 2000 I too was encouraged to take my company public – but just couldn’t get through the paperwork / logistics etc…..

So here we are on the cusp of yet another “awesome internet offering” at a time / place where I for one am just a “tiny bit skeptical”.

Twitter has yet to turn a profit.

Of course I understand the model / internet / eyeballs / projections etc……but to be frank, and as an investor – the company evaluation looking like 23 – 25 dollars per share. No profits.

Could these guys be “even smarter” than you think?

Could Twitter’s I.P.O mark the top?

Food for thought people………I’m not involved.

Open’s 25 rips to 40…….then tanks to 12.50?

Sounds about right to me.



13 Responses

  1. robert November 6, 2013 / 9:54 am

    Brilliant… aint it a con job or what… zero profits and one can ipo their company…again the same old crap. Profits for the fat bankers is what they care..

    • Forex Kong November 6, 2013 / 10:11 am

      I’m a big fan of the service and concept / love twitter from a “users” perspective. No bones about it.

      Obviously “this” is not about “that”.

      Going public is also the absolute #1 / top of the list / exit strategy known to man so…….

      Why not take it “over the top” while you and your bankster buddies still have the ability / means right??

      “Half” a generation ago this wouldn’t have been “close” to conceivable – a company raising billions and going public…..ZERO PROFITS.

      And now….in America? Wow. People stumbling over each other to snatch up shares – I don’t think so.

      • Jworthy November 6, 2013 / 11:57 am

        Thanks for this post, Kong. I love Twitter from a user perspective as well. But valuation is definitively crazy.

        On a somewhat unrelated note: I wanted to thank you for recommending Paul Craig Roberts website a few months ago. I have really enjoyed his articles and keep checking back regularly for more. It’s a VERY fresh perspective.


      • Jason November 6, 2013 / 12:38 pm

        It’s the Poopon IPO pump story all over again. I guess in a world with high leverage and zero yield, people will justify pretty much anything.

  2. JSkogs November 6, 2013 / 11:01 am

    Ya the Twitter IPO is straight dumbass from the retail buyers perspective. Great way to exit for the seed guys. I guess there is amazing traffic on the site that will be eventually utilized but come on it has been around for ages and doesn’t turn a profit. It might be an attractive buy once the initial buyers get soaked for a couple months……..might be.

  3. robert November 6, 2013 / 1:50 pm

    Pump up the indices and generate good feels for the ipo tomorrow. What crack is dow on man???

  4. $tuart November 6, 2013 / 5:33 pm

    I agree – but remember facebook. Opened at 40 / tanked to below 20 / now up over 50……

    • Forex Kong November 6, 2013 / 5:42 pm

      Oh yes I remember it well…..saving many a family member and friend a pile in suggesting – don’t touch it with a ten foot pole.

      If people want to let Twit open then “do it’s thing” right on……could certainly be a nice buy some day- 12 bucks maybe?

  5. GTFO November 6, 2013 / 7:18 pm

    So I tried Herradura Anejo. It did not disappoint. Very smooth. Nice Kong.

    • Forex Kong November 6, 2013 / 7:24 pm

      Hey great!

      Right on man! Now you just need to track down an “ol Mexican abuelita” and see about getting some “home brew Mezcal”.

  6. schmederling November 6, 2013 / 11:03 pm

    FB has GAP’s to close in the 24-26 range have been short for several weeks now along with Tesla – there is more down side ahead & FB will follow….. that gaps will be close…. sooner or later….. max 6-8 months IMO…..

    Cheers Schmed…

  7. schmederling November 6, 2013 / 11:08 pm

    The Gap lower will be filled to the up-side for Tesla to the 180 range & then chase the gap left at $59….. I started shorting @ the 190 range……. posted here over a month ago>>>:)

  8. schmederling November 6, 2013 / 11:11 pm

    We should also see a gap fill on BBRY to the 15$ range to get closed….. again a longer-term trade 6-8 months…..

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