the agony of everybody in america. facebook, why is it tanking? the underwriters made a mistake and priced it too high. this was one of the largest in history. very complicated. nobody knew what the demand was. retail investors want a piece of it. at the end of the day, i think it s clear they pushed too hard for too high of a price. 38 bucks. yeah. or something like that. maybe lower. what you want is, since they weren t selling that much stock, price it low. trade up. make money and trade like google in 2004. instead, they push for the last dollar. the way it works, they try to support the stock. last week, it did trade at the offering price. the underwriters were buying the stock. then, over the weekend, they say we can t hold back the sea so let s let it find its own level. that s where the level is.
the top of the show. do not call the yankees boobs. i got, one, two, three, four oh. the little engine that could. those red sox. check the outfield last night. we got shut out by the mighty royals at home last night. in the bottom. yet we will continue to objections about them still in the east coast. the agony of everybody else in america. so facebook. why is it tanking? the underwriters obviously made a mistake and priced it too high. only until their defense, one of the largest deals in history, very complicated. nobody really knew the demand. people throwing in orders. retail investors want add piece of it. the end of the day, it s clear the company pushed too hard for too high a price. or something like that. maybe a little lower. what you really want they weren t selling that much stock. price it low. let it trade up. everybody make money and feel good about it, the way it