LINKED OUT by LORDZ
WOW.... what a drop......
LNKD dropped like what more than 8%
Perhaps you may have read others saying what a great buying opportunity ?
But what does the collective wisdom of CAPS have to say about LNKD ??
Has anyone other than myself bothered to check ?
The options are becoming available, and anyone who tells you to not look at the financial statements but to look at hope and potential on a limited offering of such a company really isn't doing much of a service to some less sophisticated members among our collective group.
The small float in LinkedIn shares has made borrowing the stock in order to short it expensive.
The availability of options should give those feeling bearish about LinkedIn’s stock price another way to play their expectations.
Names like ??? who are really just un-paid interns ? are you going to entrust your life savings with them ? those who have little to no experience ?
This so called social media phenom being offered up in limited quantities driving up the valuations to sky high levels will not last, something tells me that it will end badly for those who buy in at the high and than cry when they sell at soon to be all time lows ?
Even with todays drop the price of the stock which isn't really available to be traded like most others is still close to double where it IPO'd
Ask SPEC bear about surviving the tech bubble ? if you seek to dismiss my advice simply based upon my name.