Billionaire Trashes Facebook (FB) IPO, Then Buys a Slug of Stock
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Don't look now but after a horrible IPO start, Facebook, Inc. (Nasdaq: FB) is higher for the second straight session.
The disclosure that billionaire Mark Cuban bought a slug of stock could be helping.
On his blog, Cuban trashed Wall Street, Silicon Valley bubbles and said mobile is going to "crush" Facebook. Nonetheless, Cuban said he bought 150k shares of FB.
He said he bought 50k shares at 33, 50k shares at 31.97 and 50k shares around 32.50. "Its a trade, not an investment," he said.
"Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week", he said.
The disclosure that billionaire Mark Cuban bought a slug of stock could be helping.
On his blog, Cuban trashed Wall Street, Silicon Valley bubbles and said mobile is going to "crush" Facebook. Nonetheless, Cuban said he bought 150k shares of FB.
He said he bought 50k shares at 33, 50k shares at 31.97 and 50k shares around 32.50. "Its a trade, not an investment," he said.
"Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week", he said.
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