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The $KING Top

Posted by StockBuz on April 4, 2014 at 10:15am in Opinion and Technicals

Merely a thought but could the IPO of gamer $KING have been the top for the much heralded Nasdaq? After $FB $TWTR $ZNGA and now $KING, maybe the market held out just long enough for the $KING IPO before ringing the register. Maybe the market has decided enough is enough when Farm Heroes pulls a $20/share price and a $6 billion market cap. Just sayin'. It's not a "thing". They don't produce a product. It's.......a.......website.

Many in the twittersphere have already commented that this strangely feels like the 2000 top and when growth names like $AMZN and $NFLX can't get any loving, maybe they're right. Maybe the $KING IPO was the top. If so, they'll be doomed to the OTC graveyard faster than Jimmy Johns can deliver your lunchtime fare.

$king, king stock, market tops, silly valuations, is the market over valued

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Comments

GT April 4, 2014 at 10:19am

Classic market behavior. Take everything to excess. Another tell might be Facebook paying $19 billion for a company with 55 employees.

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