(WALL STREET) – Following Facebook’s lead, the popular social networking and dating site Plenty of Fish has gone public to intense short-term interest from investors.
Plenty of Fish went public at 2:35 am this morning shortly after the bars and clubs all closed and was immediately met with a flurry of interested desperately interested investors. In the late hour, Plenty of Fish’s value seemed far higher than its actual worth and its stock quickly rose at a fevered rate showing no consideration for anybody’s better judgment eventually peaking at $58 (US) before collapsing in a panting heap around 3 am.
In the morning, investors took a good, long, realistic look at the stock and immediately re-evaluated its actual value at .33 cents (US). They then did everything in their power to dump the stock as quickly as possible.
Although they claim otherwise, investors will probably wind up re-investing in POF as soon as they go through a dry spell and then get a little too drunk all by themselves.