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Six Months Later

ByTim Knight
Published 10/12/2012, 01:26 AM
Updated 07/09/2023, 06:31 AM

The gist of the post was quite similar to one I did yesterday, which was that the cultural saturation of All Things Tech (including, regretably, a new Bravo show about the Silicon Valley) indicated an important top in technology stocks. In the case of the strongest of the strong, Apple, my declaration in April (tinted below), was a little premature, although we've definitely been slipping hard of late and we presently aren't any higher than we were six months ago:
APPLE
On the other hand, with lower-quality stocks, such as Zynga (shown below), my timing was quite correct (again, it is tinted):
ZNGA
The real focus of the piece, of course, was Facebook. When I wrote my post six months ago, the excitement about the Facebook IPO was palpable. Most people seemed to agree that (a) the stock would be the next Google, and should be bought instantly at its public offering; (b) its success would usher in a whole slew of other smaller tech IPOs, particularly those in the social space.

As the heavenly-gorgeous Ms. Sandberg suggests below, this isn't quite how things panned out:
FB
With the exception of Apple's strength, I think my post was pretty much correct. Facebook's stock has become an embarassment, and I would daresay that lower-echelon offers like Zynga and Pandora won't even be listed anymore within the next year or two.

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