The $KING Top

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'  

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.

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  • 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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