Understanding all the things that went wrong during Facebook’s IPO debacle one month ago is far from complete, but should we consider the Venus effect?
Venus Energy
Explanations and sometimes accusations run the gamut: a technical glitch at the Nasdaq, Facebook sharing information with the big banks but not average investors, too many shares offered, too high an IPO price, and on.
But there may be another explanation in the air. Venus! Yes, that lovely planet often considered the planet of love, may have thrown a whammy on the whole shebang.
Many of astrologer Janet Sciales’ clients turn to her for market and business advice, so I asked her to take a look at Facebook’s astrological chart to see if there’s an explanation for the IPO mess.
Sciales, also known as The Star-Goddess, says the energy surrounding the May 18th IPO was not conducive for valuing the “much-liked” social media giant.
I spoke to Sciales via Skype on June 4 and her reading has been pretty much on the money. Even though shares jumped 11 percent last week, they’re still down 21.5 percent from their $38 opening price and even farther away from the peak of $45 moments after they began trading May 18th.
More importantly Sciales says she won’t bet on Facebook shares reaching the stratosphere like some tech stocks. For instance, LinkedIn shares rose as much as 171 percent in their first day of trading May 19, 2011 on the New York Stock Exchange and closed up more than 109 percent above the $45 IPO price. LinkedIn closed Friday at $102.01.
Documents show Facebook’s 10th Amended and Restated Incorporation was filed in Delaware on at 3:25pm, Nov 20, 2009. That date becomes the company’s birthday, which makes Facebook Inc. a Scorpio.
Sciales says the heavens actually shined on Facebook founder Mark Zuckerberg the same time his company’s IPO was in the shadows. He made billions.
~~