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anaxicapital

anaxicapital
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  • Mark Cuban discloses he bought 150K Facebook (FB) shares at $33, but says the purchase is a trade, not an investment. Cuban also provides downbeat commentary about Facebook and its disappointing IPO: he predicts the offering will further discourage retail investors from participating in the market, and joins Jim Cramer in predicting mobile usage is bad news for the company. He also sees mobile's monetization challenges as a problem for Google (GOOG) and other online ad sellers.  [View news story]
    The stock should break into the 20s and will stay there until they post some good quarterly numbers up. I think mark may lose some $.
    May 24 02:14 PM | 4 Likes Like |Link to Comment
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