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LNKD Now Below Break Price

Tyler Durden's picture




 

Well, that took all of 8 days. To all who bought the shares from the bankers and primary allocators who wasted exactly 10 milliseconds to flip this flaming dog turd to the greatest momo fools out there with an E-trade account and $10k in discretionary cash (now well less), our condolences.

 

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Tue, 05/31/2011 - 15:49 | 1326209 Mongo
Mongo's picture

Dog turd is just the right word!

Tue, 05/31/2011 - 16:07 | 1326287 Hugh G Rection
Hugh G Rection's picture

"Dis shits eazy!" Lenny Dykstra

http://www.youtube.com/watch?v=W4hfdaC7eL4

Tue, 05/31/2011 - 17:24 | 1326632 bankonzhongguo
bankonzhongguo's picture

But Cramer said, ...

Tue, 05/31/2011 - 18:49 | 1326861 SparkyvonBellagio
SparkyvonBellagio's picture

Going single digits when people wake up to the pooh bag they're all holding.

 

Set your buys at $8.19

Cover and go long there.

 

 

 

 

 

Tue, 05/31/2011 - 21:42 | 1327289 xisaab
xisaab's picture

hey yo, don't yall hold that thing overnight!

Tue, 05/31/2011 - 15:46 | 1326212 MiguelitoRaton
MiguelitoRaton's picture

social flameout bitchez!

Tue, 05/31/2011 - 15:50 | 1326215 RobotTrader
RobotTrader's picture

Looks like they flipped out of LNKD and are now HeatMapping AAPL, SNDK, KLAC, NVDA....

Man, the speculators never stop lusting for the same old 1999 "Superhookers".

Vivid memories of Fleck's "600% SOX Meltup" in a matter of months.

They keep dryhumping the same old babes over and over again.

Tue, 05/31/2011 - 15:53 | 1326232 fuu
fuu's picture

"They keep dryhumping the same old babes over and over again."

 

Your mom?

Tue, 05/31/2011 - 15:51 | 1326234 HamyWanger
HamyWanger's picture

Now, that was funny

Tue, 05/31/2011 - 15:53 | 1326245 Robot Traders Mom
Robot Traders Mom's picture

The only thing uglier than me is Hamy Wanger's test tube...i mean mom.

Tue, 05/31/2011 - 16:03 | 1326276 SheepDog-One
SheepDog-One's picture

MomoFader is talking about how he dry humps his blowup doll.

Tue, 05/31/2011 - 16:10 | 1326302 Spastica Rex
Spastica Rex's picture

Vivid memories of mylackey.com.

Tue, 05/31/2011 - 15:47 | 1326219 AR15AU
AR15AU's picture

Funny... the market is in absolute bull-tard mode right now with REITs. Tech stocks just can't offer the beta that office buildings, strip malls, and hotels do.

Tue, 05/31/2011 - 15:48 | 1326223 jus_lite_reading
jus_lite_reading's picture

I have been following this with vigor and found that this is DOGTURD and the banksters always win. Sorry suckers who bought the bait.... keep this ponzi stock market going....

Tue, 05/31/2011 - 15:49 | 1326227 HarryWanqer
HarryWanqer's picture

It will come back.

Tue, 05/31/2011 - 15:53 | 1326229 HamyWanger
HamyWanger's picture

Yup. It always does.

Tue, 05/31/2011 - 15:53 | 1326238 UGrev
UGrev's picture

forget to login with your other id, dumb-ass? 

Tue, 05/31/2011 - 15:59 | 1326252 achmachat
achmachat's picture

one is Harry, the other one is Hamy...

Tue, 05/31/2011 - 16:11 | 1326313 Spastica Rex
Spastica Rex's picture

And both of the are pathetic dopplegangers. Bring back the REAL HarryWanger.

Tue, 05/31/2011 - 17:54 | 1326699 redpill
redpill's picture

Haven't seen him since about gold $1450.

 

Tue, 05/31/2011 - 16:24 | 1326409 UGrev
UGrev's picture

damn.. they got me.. dumbass on me this time..lol!

Tue, 05/31/2011 - 15:56 | 1326257 fuu
fuu's picture

He should start a TV show. he could call it Cracker and the Crack-head.

Tue, 05/31/2011 - 16:00 | 1326258 Herne the Hunter
Herne the Hunter's picture

You got Wang-rolled bro

Tue, 05/31/2011 - 16:01 | 1326253 mayhem_korner
mayhem_korner's picture

LNKD or your test tube?  I hope like hell neither.

LNKD will see its June high in about 16 hours.

Tue, 05/31/2011 - 16:00 | 1326254 mayhem_korner
mayhem_korner's picture

Dupe

Tue, 05/31/2011 - 15:57 | 1326255 mayhem_korner
mayhem_korner's picture

Double dupe.

Tue, 05/31/2011 - 15:52 | 1326235 FreeNewEnergy
FreeNewEnergy's picture

$50 says this stock will be under 65 by the end of June.

Any takers?

<crickets>

I didn't think so.

Tue, 05/31/2011 - 17:06 | 1326548 ATG
ATG's picture

Yes.

LNKD IPO priced @ 45 and closed at 81.51 today

Hardly a rout below 84 "break price"

Tue, 05/31/2011 - 17:05 | 1326570 tickhound
tickhound's picture

LNKD goin' to $20... It's only $5 to get these social sites off the ground.

Tue, 05/31/2011 - 17:19 | 1326626 tmosley
tmosley's picture

Now that's funny right there, I don't care who you are!

lol

Wed, 06/01/2011 - 00:29 | 1327520 TruthInSunshine
TruthInSunshine's picture

LNKD will be under $30 within a year, and there's actually every reason to believe it could be under $10.

When the markets crash, due to a systemic event or series of events that unwind the Fed and Treasury nectar that for now have catapulted the artifice that is our new Amerikan equity markets into insane territory, and despite the much hyped 'Bernanke Put' (that failed miserably before, in 2007, just as all 'Greenspan Puts' failed, ultimately) LNKD could be one of the old-school 'Winners of the New World,' and see single digits or even go to zed.

It's by its own admission, and at best, generating 15 million of net income a year, and that was without the crushing compliance/regulatory costs of being an equity traded on a public exchange, and it has gone so far to concede it will lose money for the foreseeable future now that it is being traded publicly.

When reality sets in, we will all look back in amazement that a company with these numbers could ever have achieved a market cap of 1 billion, let alone 10 billion, and that is assuming it's ever able to be profitable while it trades on a public exchange.

Preceding every major market top and subsequent crash in equity Ponzi history, there are always macro events that sound the alarm, and then there is that one, easy to identify fraud that becomes emblematic of the incredible irrationality of what was the entire farce du jour, which could be LNKD when the chapter is ultimately written (though, admittedly, there is a great deal of competition to choose from in seeking that symbol of epic and transitory stupidity).

Tue, 05/31/2011 - 15:53 | 1326242 Franken_Stein
Franken_Stein's picture

 

LinkedIn gone apeshit.

Bearish, bitchez.

 

Tue, 05/31/2011 - 15:58 | 1326249 RobotTrader
RobotTrader's picture

Wow, economy is going down the tubes and there is a virtual panic to buy tech stocks into the bell.

Bears just chewed up and spit out yet again. How much punishment can one take?  Seems like everyone wants to believe in the fabled "v-shaped recovery" in the 2nd half which Lance Lewis and Fleck used to lament about back in the day.

Tue, 05/31/2011 - 16:07 | 1326284 SheepDog-One
SheepDog-One's picture

'Economy going down the tubes'? Not what you said a couple weeks ago RainbowTrader-  'The markets are not pricing in QE3, the markets are pricing in a robust consumer driven recovery'.

Tue, 05/31/2011 - 16:29 | 1326415 UGrev
UGrev's picture

You should get your feet wet selling WoW gold... millions of chinese are doing it. 

Tue, 05/31/2011 - 15:56 | 1326256 Arius
Arius's picture

now it is time to load up on LKND...it will be the opportunity of a life time in a week...

Tue, 05/31/2011 - 16:01 | 1326266 achmachat
achmachat's picture

because in a week everything will be different... sure.

Tue, 05/31/2011 - 16:08 | 1326293 fuu
fuu's picture

Who paid you to say that?

Tue, 05/31/2011 - 15:58 | 1326267 RobotTrader
RobotTrader's picture

Killer day for the bulls.  Bears had their chance to snatch victory with a key outside day reversal but panic buying in chip stocks and banks saved the day.

Tue, 05/31/2011 - 16:05 | 1326280 SheepDog-One
SheepDog-One's picture

'Flaming dog turd'....LOL MomoFaders favorite thing next to dry humping his blowup doll.

Tue, 05/31/2011 - 16:13 | 1326321 Spastica Rex
Spastica Rex's picture

Artificial intelligence. You, that is. 

Tue, 05/31/2011 - 16:13 | 1326322 Spastica Rex
Spastica Rex's picture

Artificial intelligence. You, that is. 

Tue, 05/31/2011 - 16:19 | 1326376 Robot Traders Mom
Robot Traders Mom's picture

quit making shit up. you don't have a fucking clue what you are even talking about.

Tue, 05/31/2011 - 16:49 | 1326520 Careless Whisper
Careless Whisper's picture

that 3 month chart of JPM looks like its making lower highs and lower lows.  maybe it's time to bail while you got the chance.

Tue, 05/31/2011 - 16:00 | 1326277 TheSto
TheSto's picture

How much would you like to bet this will also happen to Zynga?

Tue, 05/31/2011 - 16:01 | 1326279 Smiddywesson
Smiddywesson's picture

Yeah, you PM bitchez will be crying tears of silver when LNKD is $1600 a share and gold is $0.25 per ounce.  Social networking stocks for the win, weeeeee!

Tue, 05/31/2011 - 16:48 | 1326512 traderjoe
traderjoe's picture

But you can't eat stocks.

Tue, 05/31/2011 - 22:57 | 1327469 JW n FL
JW n FL's picture

but you cant eat $0.25!

Tue, 05/31/2011 - 16:05 | 1326281 comfortablynumb
comfortablynumb's picture

Don't put it out with your boots Ted!

Tue, 05/31/2011 - 16:04 | 1326285 Libertarian777
Libertarian777's picture

shouldn't i BTFD?

 

<sarc>

Tue, 05/31/2011 - 16:08 | 1326294 Smiddywesson
Smiddywesson's picture

No, really let's be serious here.  Gold is just not money.  Social networking shares will be issued as the new money when FRNs go down in flames.  I buried my LNKD shares in the back yard at midnight.  You can't get my LNKD shares unless you pry them from my cold dead fingers.

If the Indiana Jones movies are ever remade later in the century, Indiana Jones will break open the treasure chest and IPO shares of LNKD will cascade out.

Tue, 05/31/2011 - 16:20 | 1326381 SilverRhino
SilverRhino's picture

And he'll use them to start the fire to drive off the snakes.

Tue, 05/31/2011 - 16:25 | 1326393 Tom G
Tom G's picture

Big fan of this comment above.

Tue, 05/31/2011 - 23:02 | 1327479 JW n FL
JW n FL's picture

Smiddy has got some.. I am glad he's here...

 

now dont make me take away your gun and stick it up your ass and pull the tigger until it goes click, click, click!

 

No body fuck with Jesus!

Tue, 05/31/2011 - 16:16 | 1326359 ColonelCooper
ColonelCooper's picture

This is simply a fair market response to the less than stellar economic outlook.  There is no need for professionals to be linked, as all professions are about to be extinct.

Out of work professionals will be able to take advantage of the new Social Networking features of their respective state's unemployment website.

Tue, 05/31/2011 - 16:44 | 1326497 Caveman93
Caveman93's picture

Sounds like if anything we need to invent the "Teen-age Gangbanger/Riot Mob Real Time Mapping System". Damn how many "riots' this past weekend was it???

Tue, 05/31/2011 - 16:33 | 1326437 camoes
camoes's picture

BUT THIS IS TIME IS DIFFERENT, BITCHEZ!

FARMVILLE WILL TRAIN MILLIONS OF UNEMPLOYED TO BECOME FARMERS! AND THEY WILL BE PAID IN WORLD OF WARCRAFT GOLD

FOOD CRISIS AND GOLD BUBBLE SOLVED, YOU'RE WELCOME!

Tue, 05/31/2011 - 16:46 | 1326491 Caveman93
Caveman93's picture

Ni hO!

Tue, 05/31/2011 - 16:39 | 1326455 YHC-FTSE
YHC-FTSE's picture

Well that didn't take long! GM took more than a month despite everyone's (ZHers) expectations of 24 hours, but this baby folded exactly on time.

 

Is it me, or is it all getting a bit boring? It seems like everything that is going to happen in the markets or politics has already been chewed over a hundred times - some waiting for reality to catch up (Greece), others happening so rapidly the usual suspects don't even have time to cut-and-paste their expletives (Fukushima). 

Tue, 05/31/2011 - 16:42 | 1326472 Caveman93
Caveman93's picture

It was fucked before it became a thought. Let's see, I have no job but I am "Linked-In" with tons of other former associates I used to work with in the same profession I lost my job in. They, on the other hand, are still in the same profession that is soon to be dead and/or are unemployed also. I don't see the point here as to why this damn thing ever went public. :/

Tue, 05/31/2011 - 16:46 | 1326493 fuu
fuu's picture

I still can't figure out what they even do. Besides sell private information to head hunters.

Tue, 05/31/2011 - 16:41 | 1326482 Downtoolong
Downtoolong's picture

To all who bought the shares from the bankers and primary allocators who wasted exactly 10 milliseconds to flip this flaming dog turd to the greatest momo fools out there..

And now comes the margin and loan calls from the same banks that also fronted them the money to buy this shit .

 

Tue, 05/31/2011 - 17:03 | 1326551 oogs66
oogs66's picture

LNKD played its role.  It showed everyone how strong the market could be.  For a couple days all the talking heads had something exciting to talk about.  Now they can move on to whatever bullish story they can muster and have little fear than anyone will force them to point out the weakness of LNKD and that their idea was wrong.

Just like the guys who said killing osama would spark another long term rally.

Tue, 05/31/2011 - 17:00 | 1326555 Widowmaker
Widowmaker's picture

That is EXACTLY what they do.

I wonder what the margins are ... I know my headhunters spear 18% of starting salary, and are on probation for 90 days (for referring junk employees masked as professionals).

LNKD is so 1999.

Tue, 05/31/2011 - 17:22 | 1326623 Jim in MN
Jim in MN's picture

Crash, meet burn.

Tue, 05/31/2011 - 17:28 | 1326643 dugorama
dugorama's picture

One contrarian thought:

bad times are good times for job search sites, no?

Tue, 05/31/2011 - 19:26 | 1326992 Devore
Devore's picture

LinkedIn is not a job search site.

Tue, 05/31/2011 - 17:59 | 1326723 Yen Cross
Yen Cross's picture

 So Linked In is the new Junk (Bench Mark).

Tue, 05/31/2011 - 18:01 | 1326738 We the Sheeple
We the Sheeple's picture

Here's another contrarian thought for you sheep: LinkedIn shares will not go below $70 for quite some time.  Yeah, the company is a worthless, overvalued pile of shit, but use your brains people.

1) The other (currently private) social networking companies have a very vested interest in keeping the share price high, so they fetch a better price on their own IPO's.

2) There is practically no float available; about 8 million shares or less than a billion dollars total.  Zuckerberg could buy up the float at $70/share with the change in his pocket.  Can you say short squeeze?

3) Short interest is extremely high (ie the sheep all want to be short).  The price of puts has been outrageous.  The shares were down 7% today and yet the puts were still lower!  Again, can you say short squeeze?

The stock price will not crash until the larger goons at Facebook, Twitter, et al. have cashed in on their IPO's.  Go against the crowd and sell some puts, fools.

Tue, 05/31/2011 - 19:08 | 1326924 Bruce Krasting
Bruce Krasting's picture

I wrote to Tyler the day LNKD got priced. What I said to him:

I got a few shares of LNKD. just sold them up $41.(86)

the stock went to 10 names. What went to the public was nothing. So this is a very big win (double) for a small group of fat cats.

Not at all sure how to prove that this was rigged. But it was.
b

Tue, 05/31/2011 - 19:09 | 1326932 NaN
NaN's picture

I've been getting 100% of my work via LinkedIn since 2005.  My resume only needs to exist on LinkedIn.  I think they are doing something right. 

There is no chance I would move to Facebook for work-related content; I've only visited facebook.com a few times because pages there do not appear on Google searches (facebook sues companies that crawl/spider them) and I'm not going to sign up to see someone's site because I received an email from facebook on their behalf.

Perhaps LinkedIn should have done an IPO auction like GOOG did.

 

Tue, 05/31/2011 - 20:49 | 1327183 djsmps
djsmps's picture

Although I'm in a niche job description (product manager and product development) in a smaller market, I have received exactly one job inquiry on LinkedIn. I've been on since 2002, and I'm very well-known in my industry.

Tue, 05/31/2011 - 22:43 | 1327435 obelisks
obelisks's picture

what is wrong with people?! If they have got money to burn use it to

micro-finance the poor women in somewhere like Bangladesh-

at least you'll get the money back guaranteed-instead of this crap

Tue, 05/31/2011 - 23:32 | 1327541 St0ckTrader
St0ckTrader's picture

If it walks like a turd, talks like a turd and smell like a turd.....it must be a TURD!!!

Wed, 06/01/2011 - 02:40 | 1327719 John_Coltrane
John_Coltrane's picture

Wow, the put open interest in this loser is amazing!   About 5000 OTM puts opened just just today for Jun expiry.  Someone bought 1100 at June 55 strike!   Not much action beyond June expiry.  A 3 week wonder a al Enron?

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