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LNKD Bubble Update: $100 Passed... Make That $107.... $108...$110....$115...$117...$122...$115...$112

Tyler Durden's picture




 

It seems investors are doing their best to recreate the entire 1998-2000 bubble in the span of one trading day. After opening at $83, LNKD has just passed $100. The question is will the bubble pop today or take a few more trading days? And yes, at current count the P/E is over  1,200x.

11:40 EDT: The stock just moved from $100 to $107......

11:43 EDT: $108....

11:45 EDT: $110...

11:46 EDT: $115

11:47 EDT: $118

11:48 EDT: $122

11:49 EDT: $113

etc.

Melt Up:

Then down

 

 

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Thu, 05/19/2011 - 11:46 | 1291681 FOC 1183
FOC 1183's picture

Very, very fucked up

Thu, 05/19/2011 - 11:53 | 1291750 HoofHearted
HoofHearted's picture

Yes it is. I expect the CME to raise margins on silver because of this at any second now...

Thu, 05/19/2011 - 11:59 | 1291761 NOTW777
NOTW777's picture

LOL

Thu, 05/19/2011 - 12:01 | 1291797 FOC 1183
FOC 1183's picture

Yes.  The last time they raised margins was in response to pimpco's meltdown (arguably a better business model?)  http://i.imgur.com/iEpgb.png

Thu, 05/19/2011 - 12:23 | 1291824 Cleanclog
Cleanclog's picture

Kaminsky just said this LinkedIn craze is linked in to Bernanke's easy money.  Doesn't inspire confidence in market for normal retail investor.  Another reason for them to "leave", as they were those buying over $110.

Thu, 05/19/2011 - 13:00 | 1292136 Careless Whisper
Careless Whisper's picture

The brainiacs at Goldman sold all their shares at the $45 IPO price.

That means they left a "hundy" on the table.

http://dealbook.nytimes.com/2011/05/19/in-linkedin-i-p-o-goldman-comes-u...

 

Thu, 05/19/2011 - 13:24 | 1292287 TruthInSunshine
TruthInSunshine's picture

Even Goldman underestimated the lunacy of the masses trading on margin just to buy margarine.

Thu, 05/19/2011 - 12:10 | 1291826 TheTmfreak
TheTmfreak's picture

You're right. After all anything doing well probably means that silver is in a bubble.

Thu, 05/19/2011 - 12:08 | 1291814 Xibalba
Xibalba's picture

free and efficient markets

Thu, 05/19/2011 - 11:46 | 1291683 Gubbmint Cheese
Gubbmint Cheese's picture

clearly the syndicate didn't price the business properly.....

 

lol

 

 

Thu, 05/19/2011 - 11:46 | 1291684 GOSPLAN HERO
Thu, 05/19/2011 - 11:47 | 1291690 buzzsaw99
buzzsaw99's picture

Pets.com?

Thu, 05/19/2011 - 12:20 | 1291883 CPL
CPL's picture

egov.com

altavista.com

yahoo.com

Thu, 05/19/2011 - 12:44 | 1292021 theotheri
theotheri's picture

Yahoo appears to have $1.2B in Net Income in 2010 and $15B in Book Value.

LinkedIn has........?

Thu, 05/19/2011 - 12:55 | 1292048 TruthInSunshine
TruthInSunshine's picture

2.3 to 15 million in net revenue (depending on the source), admits it will lose money next year, and is faced with compliance/regulatory costs that will kill its revenue now that it's publicly traded, and a now current market cap of about 10 billion (it may end up at about 30% to 40% just by the end of TODAY - oh, think of 6 months from now, Gladiator!).

And it will officially mark the top before the fall.

I'm luvin' it. 2011 is shaping up to be too easy. 2012 will be a blast.

I will have internal joy everytime I hear someone claim Bernanke won't let the markets fall, just as I did in 2007 and 2008.

Thu, 05/19/2011 - 11:45 | 1291694 The Axe
The Axe's picture

bot 100 at 84..for kicks...ha sold it at 104....ha ha wasn't this shit over..when they nail First Boston?

Thu, 05/19/2011 - 11:46 | 1291705 SloMoe
SloMoe's picture

Wow. And to think, I de-LinkedIn myself some months ago. Just like I defriended myself from Facebook...

Thu, 05/19/2011 - 11:53 | 1291740 wang
wang's picture

interesting you say that - it is truly amazing to me the amount of public info people put up about themselves - photos, full CV etc   Desperation or Naivety?

Thu, 05/19/2011 - 11:59 | 1291763 dracos_ghost
dracos_ghost's picture

Retardation.

Thu, 05/19/2011 - 12:04 | 1291793 jomama
jomama's picture

i was recruited into my new position through simply having all my experience listed on Linkedin.  pretty cushy gig comapred to my last one, too.

retarded?  rofl. hardly.

Thu, 05/19/2011 - 12:07 | 1291810 TheTmfreak
TheTmfreak's picture

Sometimes it pays off. The rest of the time, you leave yourself up to get side swiped.

Thu, 05/19/2011 - 12:31 | 1291956 dracos_ghost
dracos_ghost's picture

Yeah right. And you and Robo only make positive trades too.

You didn't have to interview huh. Just your CV. Wow, can you share the company you work for now so we all can benefit.

Linked In is more for poachers trying to steal other people and companies contact networks than anything else.

Whatever you want to believe this IPO price is BS. Explain the business model.

Thu, 05/19/2011 - 13:16 | 1292236 wang
wang's picture

I don't dispute that companies and HH use lnkd to recruit particularly in a highly specialized field and I know that a lot of people buy into the Google meme that there is no more privacy but to have one's full CV (as so many lnkd members do) floating out in the public domain for all eternity ... 

Thu, 05/19/2011 - 13:40 | 1292370 TheTmfreak
TheTmfreak's picture

With the combination of facebook and linkedin you can compile way way too much information about a person. And that is just easy information gathering.  From there you can easily collect additional information thinking out of the box a little bit.

Thu, 05/19/2011 - 15:29 | 1292895 wang
wang's picture

if people had half a clue of what can be compiled in a very short period of time - the best though are records from the pre-net era accessible if you were willing to travel to whereever and request the documents on microfiche - like some old tax evasion case from 1993 - now it's out there transferred from the micorfiche to an online court record, which in combo with streetview, linkedin and some of those dopey mylife type sites it's hard for even the savvy  to stay below the radar.  I can only imagine what kind of data Goog and friends are able to compile with users who use Chrome, toolbar etc - they would likely know how long your dick is, and more importantly probably have algos that would allow them to predict equity prices

Thu, 05/19/2011 - 12:01 | 1291775 John Law Lives
John Law Lives's picture

Both.  I once knew a dumb gal that posted photos of herself at the beach, her cell phone number, her home phone number, her personal/business e-mail, and the physical address of her home all on Facebook.  She was a 100% ditz.  People are being foolish by posting so much personal info. on a social website.  Bad idea.

Thu, 05/19/2011 - 13:01 | 1292125 Strider52
Strider52's picture

"I once knew a dumb gal". That's the beginning of every bar story ever told.  

Thu, 05/19/2011 - 12:01 | 1291777 cossack55
cossack55's picture

Stupidity

Thu, 05/19/2011 - 12:49 | 1292031 theotheri
theotheri's picture

If you have nothing to hide you hide nothing.

Thu, 05/19/2011 - 12:02 | 1291786 TheTmfreak
TheTmfreak's picture

I just recently did the same. While I "like" facebook (or what it used to be) its way way too over the top "social" and viewing my personal life now for me to keep it.

I removed my LinkedIn account for a multitude of reasons.

Thu, 05/19/2011 - 15:50 | 1292977 Cleanclog
Cleanclog's picture

I have had a linkedIn account with very little on it for about 4 years, and nothing added since then.Occasionally a friend finds me and "invites" me to connect to their network in LinkedIn.  I haven't in at least a year.  The past 3 weeks, I suppose in anticipation of this IPO, I received email "reminders" that invitations were pending from LinkedIn almost every day.  Certainly were trying to create a swell.  Nothing wrong with that, but very different traffic in recent weeks.

BTW - I do Facebook, and like it mainly for checking out what my friends are up to.  Pretty passive about it.  On the other hand, I am a twitter fiend.  Watching many times a day and probably tweeting, on average, twice a day.

Thu, 05/19/2011 - 11:50 | 1291712 Chippewa Partners
Chippewa Partners's picture

Now I can fill up my 2 gas guzzlers with some Linked-In share certificates....

Thu, 05/19/2011 - 11:47 | 1291714 Robslob
Robslob's picture

Investors love high prices...I mean bots...

Thu, 05/19/2011 - 11:49 | 1291720 hawks5999
hawks5999's picture

LinkedIn just joined the NYSE social network.

It's like joining any social network. The first thing you do is send out 100 invites and everyone connects (oh hey, you are on here now, great!).

I'm sure they'll be too chatty like everyone else and end up blocked (shorted) by half their friends within 2 weeks.

Thu, 05/19/2011 - 11:52 | 1291721 Jack Mehoff
Jack Mehoff's picture

Get in while you can, this is the next AMZN and GOOG combined.

Thu, 05/19/2011 - 12:02 | 1291801 TheTmfreak
TheTmfreak's picture

Ha yeah ok, hopefully that was sarcasm.

Thu, 05/19/2011 - 12:16 | 1291859 Whatta
Whatta's picture

Jack was da one that bought at 122.6991 per share!!!

Thu, 05/19/2011 - 12:17 | 1291865 TheTmfreak
TheTmfreak's picture

Thats what the pros do. Buy at the top, sell at the bottom.

 

Thu, 05/19/2011 - 11:52 | 1291722 Cpl Hicks
Cpl Hicks's picture

You're just a cheap ass cheerleader....

Thu, 05/19/2011 - 11:53 | 1291728 John Law Lives
John Law Lives's picture

Wouldn't it be funny of the market put the circuit breakers on the intraday FALL of LNKD shares after ignoring the intraday SPIKE in LNKD.

Ponzi FUBAR market.

 

Thu, 05/19/2011 - 12:02 | 1291799 buzzsaw99
buzzsaw99's picture

That won't happen until after Calpers buys them all.

Thu, 05/19/2011 - 11:53 | 1291730 BORT
BORT's picture

And.... Scene

Thu, 05/19/2011 - 11:51 | 1291732 cougar_w
cougar_w's picture

What. AAPL isn't doing it for them any more?

LNKD provides a nice service. Not worth much tho. This is a joke.

Thu, 05/19/2011 - 11:51 | 1291734 RobotTrader
RobotTrader's picture

Absolutely hilarous.

I warned you guys that Bernanke was a genius.

The only one in world history that can re-incarnate the same NASDAQ bubble 3 times!!!

Heh, the LNKD ramp is even more spectacular that Capital One's hockey stick run from $36 to $56 in 6 months.

Thu, 05/19/2011 - 11:54 | 1291752 Robslob
Robslob's picture

Robo...please provide a "real" picture...I just can't take not knowing...

Thu, 05/19/2011 - 12:04 | 1291811 John Law Lives
John Law Lives's picture

He/she probably looks a lot like Harry Wanger...

Thu, 05/19/2011 - 12:27 | 1291928 TruthInSunshine
Thu, 05/19/2011 - 13:43 | 1292369 LFMayor
LFMayor's picture

Oh you bastard!   I looked!

Thu, 05/19/2011 - 11:55 | 1291760 Robot Traders Mom
Robot Traders Mom's picture

I thought I locked you in your room without the computer or your policeman blow-up doll!

Thu, 05/19/2011 - 12:01 | 1291772 Arius
Arius's picture

Great Call!

it looks like you got quite a crowd following you among HFT...

any tips on Le Douleur?

Merci!

Thu, 05/19/2011 - 12:01 | 1291794 dracos_ghost
dracos_ghost's picture

Or AIGs move from 62.50 to 30 in 4 months. Oops nevermind.

 

Thu, 05/19/2011 - 13:32 | 1292323 Calculated_Risk
Calculated_Risk's picture

don't forget to swallow.

Thu, 05/19/2011 - 11:51 | 1291736 nufio
nufio's picture

why arent the bots writing puts on this?

Thu, 05/19/2011 - 12:01 | 1291795 carbonmutant
carbonmutant's picture

Because it has no options...

Thu, 05/19/2011 - 11:52 | 1291745 Dr. Engali
Dr. Engali's picture

Here we go again. The sheeple part with their money so easily.

Thu, 05/19/2011 - 13:33 | 1292332 TruthInSunshine
TruthInSunshine's picture

Λ

Thu, 05/19/2011 - 11:55 | 1291746 Hondo
Hondo's picture

That stock is a screaming short........

Thu, 05/19/2011 - 12:20 | 1291900 CPL
CPL's picture

Not yet...wait for it to jump the line over 160, then short.  Fuck the amount of idiots putting this on margin is unreal...look at it all sitting in credit.

 

Translated.  Wicked easy to short.

Thu, 05/19/2011 - 11:56 | 1291748 LawsofPhysics
LawsofPhysics's picture

Valuation means nothing in a gamed market were price discovery is impossible.  Rally on.

Thu, 05/19/2011 - 11:54 | 1291755 Tomified
Tomified's picture

Isn't it just Facebook for pukes?

Thu, 05/19/2011 - 12:26 | 1291915 oddjob
oddjob's picture

Facebook is for pukes, this is for pukes in suits.

Thu, 05/19/2011 - 11:57 | 1291756 TruthInSunshine
TruthInSunshine's picture

You can't short IPO'd equities.

Robo - post your buy in price (even if you lie and claim you got an underwriter brokerage price of $45) here and now for the record, so I can laugh at you in due course, like I always, and will always, laugh at you.

And then, you can post that you sold it at $65 or $75, when it's trading at $20 or $10 (like you always, and will always, do).

Thu, 05/19/2011 - 11:59 | 1291779 traderjoe
traderjoe's picture

No, he doesn't actually trade the stuff he talks about (if you can believe anything he says). He says he's in dividend stocks, etc. Robo's a full-on troll, just trying to get a rise out of all of the local denizens...

Thu, 05/19/2011 - 12:09 | 1291819 John Law Lives
John Law Lives's picture

Robotomy is just here to stir the pot.  I realized that long ago.  That is one reason ZH will not give us an ignore button. 

Thu, 05/19/2011 - 11:59 | 1291765 morph
morph's picture

Ouch. Some people are already down 15%.

Thu, 05/19/2011 - 12:02 | 1291770 plocequ1
plocequ1's picture

Ahh yes. Reminds me of the good ol' days back in 99. I bought AOL at  $ 80 when i left the house for work and sold at $160 when i came home. It was better than Ron jeremy videos. PE means shit. Just buy the fucking thing and leave the 90s terms for Art Cashin and Louis Rukeyser to ponder over. Thats what they get paid for.

Thu, 05/19/2011 - 12:25 | 1291910 CPL
CPL's picture

Agreed, let's make some bank on it and ignore.  Keep the stop loss on though and rachet the trade.  When it falls over, let's all make some money on the way back down because of the morons that bought on margin.

Thu, 05/19/2011 - 12:01 | 1291774 mfoste1
mfoste1's picture

why are the "circuit breakers" stopping this?

so its ok to stop a free fall, but a melt up? never....stupid fucks

Thu, 05/19/2011 - 11:58 | 1291778 Gubbmint Cheese
Gubbmint Cheese's picture

I put the curse on it

;)

Thu, 05/19/2011 - 11:59 | 1291781 mfoste1
mfoste1's picture

why are the "circuit breakers" stopping this?

so its ok to stop a free fall, but a melt up? never....stupid fucks

Thu, 05/19/2011 - 12:03 | 1291787 scratch_and_sniff
scratch_and_sniff's picture

Looks a lot like silver...just saying.

Thu, 05/19/2011 - 14:10 | 1292506 Vendetta
Vendetta's picture

silver had an IPO?

Thu, 05/19/2011 - 15:08 | 1292781 scratch_and_sniff
scratch_and_sniff's picture

tulips had an IPO? MBS had an IPO? etc etc

Thu, 05/19/2011 - 12:00 | 1291789 Waterfallsparkles
Waterfallsparkles's picture

What I initially noticed was the large Bid Ask spreads.  Usually, when a stock has large Bid Ask spreads like Google it is easier to move around up or down.

Thu, 05/19/2011 - 12:00 | 1291790 lsbumblebee
lsbumblebee's picture

Ben must really be into social networking to buy up all that stock.

Thu, 05/19/2011 - 12:01 | 1291792 mynhair
mynhair's picture

When does it get added to the S&P?

Thu, 05/19/2011 - 12:05 | 1291803 TruthInSunshine
TruthInSunshine's picture

Watch it close below $80 and break down into the $50s by next week.

There will be a full court press to keep the $45 subscription crowd in the money before lock out expires.

LMFAO

Thu, 05/19/2011 - 12:06 | 1291806 hugovanderbubble
hugovanderbubble's picture

Short 1+std above vwap.

Thu, 05/19/2011 - 12:09 | 1291817 Voodoo-economist
Voodoo-economist's picture

are there still shares available to short?

Thu, 05/19/2011 - 12:23 | 1291917 ZeroPower
ZeroPower's picture

No, PDs only have inventory 2-3 days after.

Thu, 05/19/2011 - 13:31 | 1292319 ghostfaceinvestah
ghostfaceinvestah's picture

Serious question, I am not familiar with IPOs:

-When do options open on this stock?

-When will dealers have shares to borrow?

After the dot-com crash I swore I wouldn't miss another opportunity to short such overvalued names again, and fortunately, 11 years later, i have more money to put to work, so the first chance I get I will be shorting this.  I just hope the current price holds by the time I can take a position.

Thu, 05/19/2011 - 15:20 | 1292812 ZeroPower
ZeroPower's picture

May 27th.

Typically 3days, some PDs could take a few weeks as, "believe it or not", any shares they get they'll reserve for themselves first or any clients they have prior arrangements with.

Interesting about the dotcoms, i wasn't "in this" back then, but wondering how the signs were different than what we saw in 08 and what we're, most probably, seeing now. You didn't get a chance to short at all?

On pure valuation and a forward looking DCF, this thing is CRAZY expensive. But the social round of IPOs is just starting, meaning we could potentially have a lot more left to run.

Thu, 05/19/2011 - 12:11 | 1291830 RobotTrader
RobotTrader's picture

I think natural resource and precious metals fund managers finally reached their breaking point today.

They are selling a little GLD and SLV in order to buy some LNKD.

Nobody wants to be labeled as entirely stupid for missing the next great tech bubble.

LOL.....What a tragic comedy.

Thu, 05/19/2011 - 12:14 | 1291866 alien-IQ
alien-IQ's picture

you have elevated stupidity to a previously unfathomable level. congratulations.

I will now junk you because junking you is now a ZH tradition...almost a moral obligation really.

Thu, 05/19/2011 - 12:25 | 1291913 John Law Lives
John Law Lives's picture

Robotomy is here to stir the pot.  That is all Robotomy does.

Thu, 05/19/2011 - 12:30 | 1291940 lieutenantjohnchard
lieutenantjohnchard's picture

robottrader: when freud needs a case study.

Thu, 05/19/2011 - 13:05 | 1292178 Trillax
Trillax's picture

.." missing the next great tech bubble."

At least with the original tech bubble there was, well, ya know some actual new technology/thinking within the masses of wannabe's that IPOed.

Linked-In is just a revomit of Fecesbook with a resume marketing twist.

LNKD @ $107.27 - 12:51 p.m EDT.  What a joke.

Thu, 05/19/2011 - 14:33 | 1292623 lizzy36
lizzy36's picture

I don't know why you got junked.

You are speaking the truth.

Everyone selling something to buy nothing.

Anyone who lived through the last .com bubble, knows it is NEVER DIFFERENT.

Thu, 05/19/2011 - 21:23 | 1294130 XPolemic
XPolemic's picture

Not sure what happened to you. You used to post charts and make specious, but serious comments. Now you are just trolling. Did you run out of charts?

 

Fri, 05/20/2011 - 00:17 | 1294597 chindit13
chindit13's picture

Robo is absolutely right on this one.  Portfolio managers cannot afford to look as if they missed a huge party.  It's tough to justify the fees, and tougher to keep AUM when other fearless clowns chases today's Pets.com, and you are stuck in PM miners when they have completely ignored the move in PM's (despite the fact that they are the ones bringing the new "physical" to market).

Because we didn't have a complete soul-changing blow-out back in 08-09, nobody learned any lessons.  Plus, for some of today's portfolio managers, the 2000 Tech Bubble is as ancient history as the Hundred Year's War.

The "lesson" people will learn from this is to beg, borrow and steal to have the syndicate front you some pre-IPO Facebook, Zynga, Twitter, etc.  The fact that not everyone's business model can make sense (all ads, all the time) doesn't mean anything when day-of-issue is a rocket ship to da moon.

These things are viagra for the alpha set.

Thu, 05/19/2011 - 12:14 | 1291845 alien-IQ
alien-IQ's picture

this is gonna be a better short than TSLA.

Run Forest Run...there is no cliff...we promise!

Thu, 05/19/2011 - 12:16 | 1291873 Atomizer
Atomizer's picture

+1

Thu, 05/19/2011 - 12:15 | 1291852 mspgrandi
mspgrandi's picture

2 questions:

1 - is the Issuer syndicate benefiting from this price spike? or once the post in the secondary market at $40 job done

2 - Why is not posible to short Linkedin on a spread betting account? market restrictions?

Thu, 05/19/2011 - 12:34 | 1291954 ZeroPower
ZeroPower's picture

Maybe someone else can chime in for 1, though id say the issuer definitely hedged their "losses" (wins here) for the spike higher. They see the level of interest before the stock opens whenever it does - see how many bids lined up at 50, 51, 52, etc etc. So when it opened at 83 thats when all the institutions had to re-adjust (or not) their bids to get this thing going and hence the insane move higher very early.

As for 2, i guess the spread betting broker offers shorts only when you can physically short it as well? Theres no actual restrictions of shorting an IPO at the SEC, its just that the PDs dont have any inventory to offer.

Thu, 05/19/2011 - 12:37 | 1291969 ZeroPower
ZeroPower's picture

(doublep)

Thu, 05/19/2011 - 12:18 | 1291895 PrintingPress
PrintingPress's picture

Irrational exuberance exudes. 

Thu, 05/19/2011 - 12:24 | 1291907 writingsonthewall
writingsonthewall's picture

Can you eat LinkedIN?

Can you live in LinkedIn?

Can you shoot with LinkedIn?

Can you trade LinkedIn for essentials?

Does your car run on LinkedIn?

....then it's worthless crap.

 

I reckon total collapse in a month.

Thu, 05/19/2011 - 22:23 | 1294292 Stax Edwards
Stax Edwards's picture

Concur, eyes on short interest

Thu, 05/19/2011 - 12:24 | 1291908 Eireann go Brach
Eireann go Brach's picture

Facebook would be wise to get in before the end of QE2!

Thu, 05/19/2011 - 12:33 | 1291967 CPL
CPL's picture

You can buy this crap before IPO on sharepost.com.  3% or $5000 per trade which ever is greater.  Basically, don't walk in with less than a million.

Thu, 05/19/2011 - 12:38 | 1291970 CPL
CPL's picture

double post.

Thu, 05/19/2011 - 12:29 | 1291926 Haole
Haole's picture

Pure comedy.

Thu, 05/19/2011 - 12:29 | 1291933 monopoly
monopoly's picture

So glad I do not get involved with this market for the most part. Very scary. Lots of cash.

Thu, 05/19/2011 - 12:27 | 1291934 tip e. canoe
tip e. canoe's picture

" Lost in a Roman...wilderness of pain 
And all the children are insane 
All the children are insane 
Waiting for the summer rain, yeah "

http://www.youtube.com/watch?v=QHFK1yKfiGo

Thu, 05/19/2011 - 12:31 | 1291944 SheepDog-One
SheepDog-One's picture

A 1,200 P/E BWAAAAA full retard meter has been has been pegged Im stocking up on more ammo!

Thu, 05/19/2011 - 12:49 | 1292036 fellatio is not...
fellatio is not fattening's picture

Looks like it's time to raise the min mgn requirement, where's the SEC when you need them, oh wait, watching porn.  I bet even some of them don't rise as fast as this stock

Thu, 05/19/2011 - 12:48 | 1292047 Refuge2012
Refuge2012's picture

If you believe the stock market is not 100% manipulated, you belong in it, you fool!  place of refuge 2012 dot com

Thu, 05/19/2011 - 12:53 | 1292080 Waterfallsparkles
Waterfallsparkles's picture

I think they are using it to pump all of the other internet, High Roller Stocks.  Looks like Goog, Bidu, Nflx, Amzn, Aapl, Sina, Sohu, Crm, Cmg, Pcln, Tzoo are all up big today.

After Bernanke said that he is going to pull in easing, it looks to me that this is a get out of Dodge rally.

Thu, 05/19/2011 - 13:02 | 1292122 TruthInSunshine
TruthInSunshine's picture

After I am "allowed" to short this POS by the exchange, and count my cash, I will start LinkedShart during the next iTulip phase of the economy (which may not arrive until 2030 given the enormity of the next crash), and the business model will basically be posting pics and vid of peoples' fecal matter, and I'm sure advertisers will knock down the virtual door for ad space.

Thu, 05/19/2011 - 13:04 | 1292143 John Law Lives
John Law Lives's picture

Goldman reportedly dumped all its LinkedIn shares at the IPO price of $45:

http://finance.fortune.cnn.com/2011/05/19/goldman-leaves-linkedin-party-...

 

Thu, 05/19/2011 - 13:19 | 1292268 TruthInSunshine
TruthInSunshine's picture

That is sooooo like Goldman.

Did they have the decency to move it from their conviction (convicted?) 'buy' list to their 'strong hands pass POS like this to weak hands' list for at least 10 seconds prior to bailing?

 

Thu, 05/19/2011 - 13:01 | 1292147 Joey Big Balls
Joey Big Balls's picture

This chart is what happens when Homer passes out on all the buttons at the reactor. 

Heyyy jBB
http://worldmeets.us/images/homer.simpson.nuke.plant.png

Thu, 05/19/2011 - 13:02 | 1292154 gigeze787
gigeze787's picture

LNKD = the crowning achievement of Bernanke the financial crack dealer.

Thu, 05/19/2011 - 13:06 | 1292185 AndrewJackson
AndrewJackson's picture

I don't think I have laughed this hard in a while. $ 122 for this pos? There really is a fool born every second. 

Thu, 05/19/2011 - 13:12 | 1292226 Haole
Haole's picture

...and two born every second to do them.

Thu, 05/19/2011 - 13:31 | 1292237 TruthInSunshine
TruthInSunshine's picture

RoboTrader bought LNKD at $121 and I have the proof for those wanting it (his mom allowed me to tape her sworn statement).

I'll see your $121 at under $35 as soon as short position is allowed, RoboFader, you sheep herder's dream, you!

 

That intraday chart of its first day of sheeple shearing is beginning to take on a virtuous inverse V for Victory formation! LULZ

Λ

Thu, 05/19/2011 - 13:15 | 1292239 Haole
Haole's picture

dup

Thu, 05/19/2011 - 13:27 | 1292318 Calculated_Risk
Calculated_Risk's picture

LINKD= BUT YOU CAN'T EAT IT!!!!!

 

oh wait, that argument is only reserved for pm's...

move along...

Thu, 05/19/2011 - 14:41 | 1292658 The Count
The Count's picture

Yeeeehaaaaaaa!

Everybody is back on the A-Bomb (Dr. Strangelove style) heading towards desctruction. 

Thu, 05/19/2011 - 14:51 | 1292662 The Count
The Count's picture

PS LinkedIn is a big bunch of BS.

Thu, 05/19/2011 - 14:54 | 1292705 vast-dom
vast-dom's picture

when can we short this vaporware of barely a company? this is such a joke.

Thu, 05/19/2011 - 15:03 | 1292771 Crispy
Crispy's picture

After first settlement date. However I am sure the neg rebate will be ugly as the float is miniscule(for just such purposes as discouraging shorts).

Thu, 05/19/2011 - 15:19 | 1292843 huggy_in_london
huggy_in_london's picture

did we not learn anything from the 1990's?  

Thu, 05/19/2011 - 16:19 | 1293111 DNB-sore
DNB-sore's picture

I know LNKD is behaving mad and beyond value compared to net profit and valuation.

Maybe people remember the stock entrance of World Online back in 2000 "worth" €12B. (this was at least a big issue over here)

-valuation FL6000,- or about €2700,- per "member"

The company did not have any estate in posession, nor servers, nor networks. Everything was rented and WO did not have a core except for non-paying members, but like analysts were promoting; this is the future on sale right now! But the bubble popped seriously and losses 90% for the longs on opening price

Just a thing about assets, earnings and future goals to cash/real valuation. Unless the world is loosing its grips on reality, means investors

Thu, 05/19/2011 - 17:33 | 1293478 Buck Johnson
Buck Johnson's picture

Linked is going to end like many of the dot.coms back in the 1998-2000 era.  This thing is dead man walking.

Do NOT follow this link or you will be banned from the site!