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LNKD Bubble Update: $100 Passed... Make That $107.... $108...$110....$115...$117...$122...$115...$112
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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Very, very fucked up
Yes it is. I expect the CME to raise margins on silver because of this at any second now...
LOL
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
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.
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...
Even Goldman underestimated the lunacy of the masses trading on margin just to buy margarine.
You're right. After all anything doing well probably means that silver is in a bubble.
free and efficient markets
clearly the syndicate didn't price the business properly.....
lol
http://www.market-ticker.org/akcs-www?post=186468
More bad news !!!
Pets.com?
egov.com
altavista.com
yahoo.com
Yahoo appears to have $1.2B in Net Income in 2010 and $15B in Book Value.
LinkedIn has........?
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.
bot 100 at 84..for kicks...ha sold it at 104....ha ha wasn't this shit over..when they nail First Boston?
Wow. And to think, I de-LinkedIn myself some months ago. Just like I defriended myself from Facebook...
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?
Retardation.
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.
Sometimes it pays off. The rest of the time, you leave yourself up to get side swiped.
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.
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 ...
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.
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
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.
"I once knew a dumb gal". That's the beginning of every bar story ever told.
Stupidity
If you have nothing to hide you hide nothing.
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.
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.
http://i570.photobucket.com/albums/ss144/cwayneu/Icons/pets-com-sock-pup...
Now I can fill up my 2 gas guzzlers with some Linked-In share certificates....
Investors love high prices...I mean bots...
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.
Get in while you can, this is the next AMZN and GOOG combined.
Ha yeah ok, hopefully that was sarcasm.
Jack was da one that bought at 122.6991 per share!!!
Thats what the pros do. Buy at the top, sell at the bottom.
You're just a cheap ass cheerleader....
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.
That won't happen until after Calpers buys them all.
And.... Scene
What. AAPL isn't doing it for them any more?
LNKD provides a nice service. Not worth much tho. This is a joke.
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.
Robo...please provide a "real" picture...I just can't take not knowing...
He/she probably looks a lot like Harry Wanger...
Live Cam of RoboFader:
http://www.geekologie.com/2009/12/16/geek.jpg
Oh you bastard! I looked!
I thought I locked you in your room without the computer or your policeman blow-up doll!
Great Call!
it looks like you got quite a crowd following you among HFT...
any tips on Le Douleur?
Merci!
Or AIGs move from 62.50 to 30 in 4 months. Oops nevermind.
don't forget to swallow.
why arent the bots writing puts on this?
Because it has no options...
Here we go again. The sheeple part with their money so easily.
Λ
That stock is a screaming short........
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.
Valuation means nothing in a gamed market were price discovery is impossible. Rally on.
Isn't it just Facebook for pukes?
Facebook is for pukes, this is for pukes in suits.
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).
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...
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.
Ouch. Some people are already down 15%.
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.
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.
why are the "circuit breakers" stopping this?
so its ok to stop a free fall, but a melt up? never....stupid fucks
I put the curse on it
;)
why are the "circuit breakers" stopping this?
so its ok to stop a free fall, but a melt up? never....stupid fucks
Looks a lot like silver...just saying.
silver had an IPO?
tulips had an IPO? MBS had an IPO? etc etc
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.
Ben must really be into social networking to buy up all that stock.
When does it get added to the S&P?
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
Short 1+std above vwap.
are there still shares available to short?
No, PDs only have inventory 2-3 days after.
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.
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.
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.
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.
Robotomy is here to stir the pot. That is all Robotomy does.
robottrader: when freud needs a case study.
.." 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.
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.
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?
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.
this is gonna be a better short than TSLA.
Run Forest Run...there is no cliff...we promise!
+1
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?
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.
(doublep)
Irrational exuberance exudes.
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.
Concur, eyes on short interest
Facebook would be wise to get in before the end of QE2!
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.
double post.
Pure comedy.
So glad I do not get involved with this market for the most part. Very scary. Lots of cash.
" 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
A 1,200 P/E BWAAAAA full retard meter has been has been pegged Im stocking up on more ammo!
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
If you believe the stock market is not 100% manipulated, you belong in it, you fool! place of refuge 2012 dot com
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.
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.
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-...
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?
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
LNKD = the crowning achievement of Bernanke the financial crack dealer.
I don't think I have laughed this hard in a while. $ 122 for this pos? There really is a fool born every second.
...and two born every second to do them.
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
dup
LINKD= BUT YOU CAN'T EAT IT!!!!!
oh wait, that argument is only reserved for pm's...
move along...
Yeeeehaaaaaaa!
Everybody is back on the A-Bomb (Dr. Strangelove style) heading towards desctruction.
PS LinkedIn is a big bunch of BS.
when can we short this vaporware of barely a company? this is such a joke.
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).
did we not learn anything from the 1990's?
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
Linked is going to end like many of the dot.coms back in the 1998-2000 era. This thing is dead man walking.