This page has been archived and commenting is disabled.

LNKD Touches All Time Low Of $75.82; Everyone Who Bought Post Break Is Now At A Loss

Tyler Durden's picture




 

We really hope that the guy who bought LNKD at $122 on its first tday of trading has sold, because while one may debate the merits of gold and silver as an alternative currency to the infinitely dilutable linen/cotton contraption that has become enemy #1 of every central planner alive, there is absolutely no debating that LNKD is and will be nothing short of a dot com bubble until it drops to its fair value, somewhere 60% lower than current prices...where its fwd PE will be at most triple digits. Yet that will hardly be a consolation to LNKD longs: since everyone who got an allocation at the IPO has since sold, the entire LNKD long base (that has not booked a profit) is now at a loss.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 06/01/2011 - 12:52 | 1329276 tallen
tallen's picture

Mmmn nothing like the smell of a good bagholder.

Wed, 06/01/2011 - 13:08 | 1329351 takinthehighway
takinthehighway's picture

A colostomy bag?

Wed, 06/01/2011 - 13:23 | 1329433 SparkyvonBellagio
SparkyvonBellagio's picture

Single Digits look to be on tap.... then possibly some day in the future LNKDQ.pk.

Might take awhile, can't do an IPO and go pink sheets in less than a year... it would look bad for GS. LOL

 

 

 

Wed, 06/01/2011 - 13:59 | 1329594 Fish Gone Bad
Fish Gone Bad's picture

Everyone who is holding Linkedin is so incredibly hosed.  Honestly, did anyone NOT see this coming?

Wed, 06/01/2011 - 14:16 | 1329641 TruthInSunshine
TruthInSunshine's picture

LNKD will be under $30 within 6 months to a year, and there's actually every reason to believe it could be under $10.

The only question that's really worth pondering is whether it goes to the delisted status (and pink sheets).

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 more realistically (as ZH pointed out, probably closer to 2.5 million net), 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).

Wed, 06/01/2011 - 13:14 | 1329396 Manthong
Manthong's picture

At least they have a bag to put their old pets.com and webvan prospectuses in.

Wed, 06/01/2011 - 12:53 | 1329278 tickhound
tickhound's picture

goin' to $20... as will the rest of these $5 ground-breaking suck-ins.

Wed, 06/01/2011 - 13:06 | 1329340 jus_lite_reading
jus_lite_reading's picture

Maybe that is why MASSACHUSETTS HAS REACTIVATED THE MILITIA!!! Once the stock markets collapse then all is on like DonKeyKonG!

http://fiatsfire.blogspot.com/2011/06/tgiw-to-ease-or-not-to-ease-that-i...

WHOA! ML NEXT?!

Wed, 06/01/2011 - 13:26 | 1329454 Cognitive Dissonance
Cognitive Dissonance's picture

Can I bring my AR-15 and will they convert it to full auto?

http://www.telegram.com/article/20110601/NEWS/106019919/-1/NEWS07

Wed, 06/01/2011 - 13:54 | 1329560 jus_lite_reading
jus_lite_reading's picture

Maybe... its BYOOD Bring your Own Olive Drab... but I think this is serious news because it shows that the states are expecting some sort of social unrest.... what else could it be?

Wed, 06/01/2011 - 12:50 | 1329279 mayhem_korner
mayhem_korner's picture

What's the CAGR for the peak-baggers?

Wed, 06/01/2011 - 12:52 | 1329291 Internet Tough Guy
Internet Tough Guy's picture

The CEO is comfortable with the price.

Wed, 06/01/2011 - 12:52 | 1329294 Bob Sacamano
Bob Sacamano's picture

wow - slow news day.

Wed, 06/01/2011 - 12:55 | 1329314 Tyler Durden
Tyler Durden's picture

If 22 posts so far today is slow, we would love to hear your definition of fast.

Wed, 06/01/2011 - 12:57 | 1329322 Temporalist
Temporalist's picture

Really Tyler?  That sounded like sarcasm to me.

Wed, 06/01/2011 - 13:39 | 1329394 NotApplicable
NotApplicable's picture

edit: Nevermind, I did a bit of tracking and see that Bob likes to complain about the service around here.

Wed, 06/01/2011 - 13:20 | 1329421 Vergeltung
Vergeltung's picture

ignore the trolls sir, not worth your time.

Wed, 06/01/2011 - 13:48 | 1329549 Bob Sacamano
Bob Sacamano's picture

My bad - not well stated.  Can not believe that LKND trading is particularly meaningful in the scheme of everything that is going on. 

Just saying save your energy / resources for posts that matter most - and don't sweat the quantity of posts (understanding that may fly in the face of web business 101).  Fewer more insightful posts are better than large quantity of posts that don't matter much. 

Thanks.

Wed, 06/01/2011 - 14:01 | 1329581 Arius
Arius's picture

there are others who like more news (and i have yet to find smt not interesting posted here)...you can screen through and read what you are interested...just saying...we got enough screeners already looking to give us that "insightful stuff" which is good for us...thats why we come to ZH...

Wed, 06/01/2011 - 15:45 | 1329935 Bob Sacamano
Bob Sacamano's picture

Understood.  But, and this is not a ZH commentary, the internet and cable tv presents so much absolutely useless drivel, that help in sorting out the highly relevant from the fairly irrelevant is a valuable service.  At the height of the "information age" the noise from endless chatter buries the important items. 

Wed, 06/01/2011 - 18:10 | 1330538 ItsEvolutionBaby
ItsEvolutionBaby's picture

Here is an idea. Don't click on the stories you don't like.

Wed, 06/01/2011 - 13:20 | 1329345 jus_lite_reading
jus_lite_reading's picture

the calm before the storm me boy

Wed, 06/01/2011 - 12:52 | 1329295 Temporalist
Temporalist's picture

I'm trading in all my physical for LNKD!  HoboFader told me to.

Wed, 06/01/2011 - 13:18 | 1329426 takinthehighway
takinthehighway's picture

If you do, he'll use your picture as the screen saver on whichever one of the four screens in his corner office you choose.

Wed, 06/01/2011 - 12:56 | 1329296 King_of_simpletons
King_of_simpletons's picture

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it.

 

http://www.cnbc.com/id/43236764

Ah ... soothing words. QE3 anyone ?

Wed, 06/01/2011 - 13:06 | 1329338 Temporalist
Temporalist's picture

I love it.  And the 10yr is now below 3%.  People love losing money to negative real rates?  They can just give me the difference and I'll even return some to them so they lose less.

 

Wed, 06/01/2011 - 12:53 | 1329301 chrisd
chrisd's picture

Can't wait until insiders offer the secondary in January. I should be able to buy in at an astronomic multiple instead of a galatic one

Wed, 06/01/2011 - 12:53 | 1329303 A Man without Q...
A Man without Qualities's picture

Internet based recruitment service for middle ranking service sector employees - can't get more leveraged beta than that....

Wed, 06/01/2011 - 12:58 | 1329312 LRC Fan
LRC Fan's picture

How much do social network sites cost to dig out of the ground?  Anyone?  I think someone said $5 a few days ago...

Wed, 06/01/2011 - 12:59 | 1329326 Temporalist
Temporalist's picture

Hysterical

Wed, 06/01/2011 - 12:58 | 1329313 Mitch Comestein
Mitch Comestein's picture

There is someone out there who bought at 122.  He/She has to feel like a complete douche.

Wed, 06/01/2011 - 13:02 | 1329325 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Yes, Brian Nutsack bought it as 122, via the FED... using current and future taxpayers monies...

... so, whos the real sucker in that situation?

Wed, 06/01/2011 - 12:55 | 1329315 ZakuKommander
ZakuKommander's picture

LOL.  Pigs get fat, hogs get slaughtered.

Wed, 06/01/2011 - 12:56 | 1329317 moonstears
moonstears's picture

Who'd a thunk it??

Wed, 06/01/2011 - 13:01 | 1329328 karzai_luver
karzai_luver's picture

hahahaha

 

suckas

 

 

 

Bobo "the tradar" BTFD NOW!

 

 

 

 

Wed, 06/01/2011 - 13:02 | 1329327 ParaZite
ParaZite's picture

POP POP POP

Watching motherfuckers drop!

Wed, 06/01/2011 - 13:04 | 1329353 ParaZite
ParaZite's picture

Those that forget history, are doomed to repeat it.  Dot com bust didn't ring in any of these investors ears?

Onward to the printing press, QE#3 will launch soon... 

 

Wed, 06/01/2011 - 13:05 | 1329336 Downtoolong
Downtoolong's picture

the entire LNKD long base (that has not booked a profit) is now at a loss.

 

I wonder how many 401k owners realize this might include some of the funds that their expert managers put them into?

 

Wed, 06/01/2011 - 13:06 | 1329341 theotheri
theotheri's picture

Euphoria reminds me of silver.

Wed, 06/01/2011 - 13:06 | 1329363 theotheri
theotheri's picture

A 10 year company with $2-million in earnings is still worth $7-billon.  Much more room to fall.

Wed, 06/01/2011 - 13:10 | 1329364 fonestar
fonestar's picture

Um, sorry... but who is stupid enough to buy shares like this, Facebook or Twitter anyways?

Wed, 06/01/2011 - 13:08 | 1329372 walcott
walcott's picture

that stock that company isn't worth 50 cents! It's a shit job networking service in a fucking ddepression! Think about monster? What a joke their are no jobs. Monster just try's to sign up idiots for online classes with Phoenix university. Absolute horse shit! Bartending school is more reputable then any of that carp.

Wed, 06/01/2011 - 13:11 | 1329373 Ruffcut
Ruffcut's picture

THe only shitbags that have "value" are financials. I'm sure they lapped up some of that profit pump. Hey, even crooks need cash, too.

If QE continues, they could at least print me off a few loafs this time. I wanna buy a scooter for robotrader.

Wed, 06/01/2011 - 13:10 | 1329383 ghostfaceinvestah
ghostfaceinvestah's picture

Does CNBS still have a ticker going of LNKD?

Got my puts in place yesterday.  I sure hope this doesn't hurt the Groupon IPO, that one will be an even better short.

Wed, 06/01/2011 - 13:13 | 1329405 karzai_luver
karzai_luver's picture

CAN'T WAIT. Let's ROLL!!!!!!!!

 

bobotrader, we is countin on YOU!

Wed, 06/01/2011 - 14:10 | 1329625 drivenZ
drivenZ's picture

atleast groupon is making money though...the valuation will probably be astronomical but they do have a decent business model....for now.

Wed, 06/01/2011 - 13:17 | 1329406 rajc
rajc's picture

you underestimate the retards

Wed, 06/01/2011 - 13:19 | 1329415 Corduroy
Corduroy's picture

Investors holding LNKD shares at last Friday close were not Linked in to their few remaining brain cells.

Wed, 06/01/2011 - 13:20 | 1329424 Fantasy Planet
Fantasy Planet's picture

Wheeeeeeeee!  I love slides.    

 

 

Wed, 06/01/2011 - 13:18 | 1329427 boeing747
boeing747's picture

Here in Silicon Valley, everybody talking about IPO again like 10 years ago, but I know this 2nd tech bubble came at wrong time.

Wed, 06/01/2011 - 13:20 | 1329435 Downtoolong
Downtoolong's picture

Aaaand it’s gone. Hey, let’s all go for a ride on the GM and AIG roller coasters again before the Facebook and Twitter IPO gates open.  

Wed, 06/01/2011 - 13:31 | 1329464 djsmps
djsmps's picture

I wish I had a link to the story in Marketwatch last week that said to sell all your Apple stock to buy LinkedIn.

Wed, 06/01/2011 - 13:35 | 1329482 equity_momo
equity_momo's picture

I wonder what Robo's stop loss is.

Wed, 06/01/2011 - 14:01 | 1329602 Arius
Arius's picture

LNKD is blue chip you hold in your portfolio for longterm...it will recover eventually...

Wed, 06/01/2011 - 14:12 | 1329628 SheepDog-One
SheepDog-One's picture

'Blue chip'? Smells more like a buffalo chip!

Wed, 06/01/2011 - 13:49 | 1329536 mogul rider
mogul rider's picture

Now they know how the silver top buyers feel.

Where is the silver "too da moon" pumpers today?

Oh right they were over at LKND the last 3 weeks as the blood ran in the silver crowd.

They'll be back soon enough though.

Just in time for LKND tank to finish then after silver ratchets up they sell to the fish and  move back there to LKND for a fresh pump there............

And so on and so on.

 

Back, back forth and forth

Wed, 06/01/2011 - 13:52 | 1329550 Cdad
Cdad's picture

Hmmmm?  Now this is odd.  Just last week, I was listening to a sermon on the mount from Cramer about how the LNKD valuation was supportive of Netflix and Salesforce.  Does this mean that the plunging "value" of LNKD portends a lower revaluation of the other two?  Or does that only work on up days?

Confused.

 

Wed, 06/01/2011 - 13:56 | 1329572 djsmps
djsmps's picture

I just heard those famous four words on CNBS: "It's different this time."

Wed, 06/01/2011 - 14:05 | 1329604 camoes
camoes's picture

On Bloomberg TV as well, they said the social network boom is not a bubble!

If I'd have to have a tech stock, I'd buy Activision, at least there are plenty of unemployed/college students (future unemployed) paying for World of Warcraft subscriptions

Wed, 06/01/2011 - 14:01 | 1329606 camoes
camoes's picture

On Bloomberg TV as well, they said the social network boom is not a bubble!

If I'd have to have a tech stock, I'd buy Activision, at least there are plenty of unemployed/college students (future unemployed) paying for World of Warcraft subscriptions

Wed, 06/01/2011 - 14:12 | 1329629 crosey
crosey's picture

totus orbis bulla!

Wed, 06/01/2011 - 13:59 | 1329591 crosey
crosey's picture

If you trade on fundamentals, you would have never been long, nor would you be surprised by this lingering odor from the IPO fart.  For those who sold or went short at $120+/-, good show.

http://www.youtube.com/watch?v=_gekaEzqj5g

Lobster or cracked crab?

 

Wed, 06/01/2011 - 14:06 | 1329614 John Law Lives
John Law Lives's picture

This should not come as a surprise. LinkedIn is not even that good of a service.  It is mediocre.

Wed, 06/01/2011 - 14:36 | 1329689 geminiRX
geminiRX's picture

Being a professional myself, I know no-one in my circle that uses it or has even the remote need for it.

Wed, 06/01/2011 - 15:16 | 1329827 WonderDawg
WonderDawg's picture

It's pretty prevalent in the IT recruiting and consulting world, but other than that, I don't know. It's okay for networking, not great, but it serves a purpose. Does that purpose justify the market cap? Highly doubtful.

Wed, 06/01/2011 - 14:10 | 1329631 SheepDog-One
SheepDog-One's picture

So hillarious...theyre trying to stoke the old 'IPO mania' days, or is that daze.

Wed, 06/01/2011 - 14:50 | 1329732 GFORCE
GFORCE's picture

The guy who bought at $122 deserves to have his ass handed to him on a plate.

Wed, 06/01/2011 - 15:17 | 1329830 WonderDawg
WonderDawg's picture

He's getting it now.

Wed, 06/01/2011 - 14:52 | 1329736 Leo Kolivakis
Leo Kolivakis's picture

Who is buying OREX? Stevie Cohen? Ren Tech?

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