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"Peter Thiel, a billionaire genius in the realm of startups, is not a good signal maker for...

"Peter Thiel, a billionaire genius in the realm of startups, is not a good signal maker for other stock market investors. If he were a lighthouse, he'd have you breaching your hull on rocks," says Nicholas Carlson, discussing Thiel's unloading of most of his giant pre-IPO Facebook (FB -0.3%) stake. Carlson points to the dismal performance of Thiel's Clarium Capital hedge fund to back up his argument. His remarks come as Facebook spends another day below $20. (previous)
Comments (9)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
    Sorry, but FB could drop another 50% from here and still be a table-pounding sell imo.
    24 Aug 2012, 01:37 PM Reply Like
  • chopchop0
    , contributor
    Comments (3863) | Send Message
    Even a broken clock is right twice a day, and thiel got this one right
    24 Aug 2012, 01:52 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    Thiel will take hits just because of his political positions, never mind his P&L, net worth, past record for creating businesses and jobs...


    His sale was planned before the IPO - even so, I'd say he'd be better off selling the entire position and redeploying the investment $ elsewhere.
    24 Aug 2012, 01:53 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
    Thiel ... $1.5 B failure ! ! !
    24 Aug 2012, 02:38 PM Reply Like
  • rambler1
    , contributor
    Comments (609) | Send Message
    Exactly on a $500k investment. If you get one of those in 10 lifetimes your one bright/lucky whatever you want to call it s.o.b. How about the artist who did their graffiti early on.
    24 Aug 2012, 04:40 PM Reply Like
  • coolshaps
    , contributor
    Comments (48) | Send Message
    I covered my FB short for the meantime. I think YELP's unlock period next week may drive FB down a bit. However, I think even though their capex and operating margins may decrease next quarter, their revenues will be up.


    I just don't see how advertisers would not want to post their brand on one of the most frequently trafficked locations on the web.
    24 Aug 2012, 02:39 PM Reply Like
  • Angelsfeartotred
    , contributor
    Comments (4) | Send Message
    Goodbye, Facebook!
    Farewell, life Savings...
    24 Aug 2012, 02:40 PM Reply Like
  • shiel78
    , contributor
    Comments (7) | Send Message
    Mr Thiel has a right to do what he did.


    It is Zuckerberg , the underwriters and the mgt incd directors
    who cheatedwith false and late info.


    Greedy people bought the overrated IPO.


    Wall street and underwriters try to make a fast buck at the expese of little guys


    one has to be careful.


    good luck to everybody
    24 Aug 2012, 10:11 PM Reply Like
  • DanoX
    , contributor
    Comments (2842) | Send Message
    Thiel is not a job creater, a great inside trader however, anyone on this site could make the money he's made if given the inside track, and I mean given.
    27 Aug 2012, 11:14 AM Reply Like
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