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Pandora Box's Unleashes Nothing But Selling Algos: P Closes At Lows Of Day, 30% Off Intraday High

Submitted by Tyler Durden on 06/15/2011 16:09 -0400

Something tells us the guy or gal who bought P (better known as the "new old, and always worthless, American Launchcast") at $25 post break is a little angry right about now. Not to mention down by 33%. It seems our forecast of Pandora at $2 in 6 months is quite achievable. In fact at this rate, we give it 4 days.

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Wed, 06/15/2011 - 16:07 | 1372433 FOC 1183

the 'guy' was Altucher

Wed, 06/15/2011 - 16:11 | 1372439 Temporalist

Fantastic! And also Pisani or Insana or Cramer or...

Wed, 06/15/2011 - 16:21 | 1372484 nope-1004

Nice bail at the close. Someone didn't want to be left owning this POS.

Wed, 06/15/2011 - 16:45 | 1372558 Growyourownfood

Hahahaha Altucher. the worst

Wed, 06/15/2011 - 16:11 | 1372434 Dejean Splicer

Ouch, ouch my head is stuck up my ass!

Who am I?

Answer:
Mayor michael bloomberg.

Wed, 06/15/2011 - 16:10 | 1372440 TruthInSunshine

Sell-side is always yelling "come on in, the water's fine!"

Those sell-siders!

So many of todays P's are going to turn into Q's in no time.

http://farm1.static.flickr.com/27/100874288_a5ff91b322.jpg

Wed, 06/15/2011 - 16:13 | 1372446 Internet Tough Guy

Gold up, stocks down. Momofader is still a perfect fade.

Wed, 06/15/2011 - 16:17 | 1372457 DNB-sore

the name says all; pandora

Wed, 06/15/2011 - 16:17 | 1372460 hambone

C'mon - it's screaming a/h's (up 6 cents).

Wed, 06/15/2011 - 16:20 | 1372465 hambone

Edit - Pandora still fall like stone a/h's...

However, gold, silver seem shinier and sparklier than ever.

Wed, 06/15/2011 - 19:22 | 1373017 onarga74

Nice bounce on (gld) up .45?? and that was only the fear premium. This jaunt down you can count on 1450 xau/usd.

Wed, 06/15/2011 - 16:23 | 1372475 buzzsaw99

It won't hit $2 until after calpers buys them all.

Wed, 06/15/2011 - 16:19 | 1372476 American idle

Pandora CFO: Steve Cakebread

No one really knows who he is.

Wed, 06/15/2011 - 16:42 | 1372532 SilverDosed

He makes a fruity Sauv Blanc that my GF likes, I prefer the Cabernet.

Wed, 06/15/2011 - 16:21 | 1372482 chet

And the Great IPO Window of 2011 will be closing in 5, 4, 3...

Thu, 06/16/2011 - 00:50 | 1373608 dark pools of soros

what's worse than an internet music IPO 10 years after the implosion?? well Z, the IPO for a housing market that is double dipping into a pool of quicksand

Wed, 06/15/2011 - 16:23 | 1372494 Beatscape

Headline on CNN, even after 4pm: "Pandora stock surges in its IPO debut".

Who cares if they have never made a profit and don't project to be profitable for the foreseeable future. It's all about eyeballs! Er, corrected, I mean eardrums in this case. It's always sunny in the IPO market! Give all the sheeple some shares...

Wed, 06/15/2011 - 16:31 | 1372519 plocequ1

Carmine said one boy, Here there are two

http://www.bloomberg.com/news/2011-06-14/pandora-media-raises-234-9-mill...

Wed, 06/15/2011 - 16:45 | 1372535 dwdollar

Two hell... Look at all the pumpers...

http://www.google.com/#hl=en&sugexp=ldymls&xhr=t&q=Pandora+stock+surges+in+its+IPO+debut&cp=37&pf=p&sclient=psy&site=&source=hp&aq=f&aqi=&aql=&oq=Pandora+stock+surges+in+its+IPO+debut&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=4fb2a7fa4afe0265&biw=1600&bih=761

Wed, 06/15/2011 - 17:56 | 1372734 Ergo

Zerohedge - for news you can't get anywhere else:

http://abcnews.go.com/Technology/wireStory?id=13850027

titled: "Pandora Gains Point to Healthy Internet IPO Future"

Wed, 06/15/2011 - 16:34 | 1372498 Mercury

Check out DST - announcing, after a big pop today, that they are definitely not in play or are negotiating with any PE firms...at 3:55

Thanks fellas, hope everyone important got out in time...

Wed, 06/15/2011 - 16:26 | 1372499 TruthInSunshine

Pandora is too big to fail.

Bernanklecide & Jeetner will bail out Pandora and its bondholders around $0.50 a share.

Bitch better have my money!

Wed, 06/15/2011 - 16:34 | 1372516 The Axe

Great Underwriting job boys.....

Wed, 06/15/2011 - 16:32 | 1372520 Seasmoke

IPO or IOU

Wed, 06/15/2011 - 16:36 | 1372522 Miles Kendig

I once knew a girl named Pandora - Spike

http://youtu.be/x0RDtMvsQmg

So much for that shot of love heroin

Wed, 06/15/2011 - 16:36 | 1372527 Armando Javier ...

Armando Javier Finkeltein of the Boise Finkelsteins's picture

Did she have a nice box?

Wed, 06/15/2011 - 16:54 | 1372540 Miles Kendig

Never did get the chance to see it ... as I know the way with my eyes closed (he) said

http://youtu.be/3Yz6JAm3crU

Still haven't had sex like that since school

Wed, 06/15/2011 - 16:45 | 1372556 Dejean Splicer

No Charlotte Rubens Bloomberg does not have a nice box....

Once used to finance the early news network, that's what you call Pandora's box, no?

@ $5.oo a pop it took some heavy wear to get the mayors news network up and running.

Wed, 06/15/2011 - 16:39 | 1372525 ghostfaceinvestah

Sux when this happens before there is borrow.

Oh well, at least there is Groupon to look forward to.

Wed, 06/15/2011 - 16:44 | 1372552 andybev01

Groupon ticker: CLSTRFK

Wed, 06/15/2011 - 16:55 | 1372588 So Close

Wed, 06/15/2011 - 16:45 | 1372544 DonnieD

I have no idea what Pandora does.

Wed, 06/15/2011 - 16:45 | 1372557 andybev01

The same thing that your radio or iTunes already does.

Wed, 06/15/2011 - 16:51 | 1372564 cat2

customized streaming radio

Wed, 06/15/2011 - 17:01 | 1372600 DonnieD

Will the RIAA sue me for using it?

Wed, 06/15/2011 - 18:41 | 1372910 andybev01

No, but your friends might mock you for falling for it.

Wed, 06/15/2011 - 17:31 | 1372671 dugorama

I'd love to hear what's wrong with my thinking here: everybody under the age of X (30?) consumes Pandora content all day every day. The two choices you (currently) have are:

1) listen to advertising every 3rd or 4th song or

2) pay $30 a year for a commerical free version.

To me, this is the future. I see internet radio as totally displacing traditional as we are all jacked into our smart phones.

So, I like the business model. Meantime, to me, LinkedIn is nothing but a "position wanted" ad site. A bunch of unemployed people giving each other referrals for non-existant jobs. I don't see a business model there at all.

So why does the market hate P and not LNKD ?

Wed, 06/15/2011 - 19:04 | 1372967 Id fight Gandhi

Lnkd is a pos too, well off it's top, drifting lower

P might have a good product that people like and use, but it's about profitability, if you're losing money in this climate nobody wants you.

Same with groupon losing money

Thu, 06/16/2011 - 01:31 | 1373636 StychoKiller

Check out www.KUVO.org (public Jazz radio station, "The Oasis in the City", located in Denver, Colorado).

Wed, 06/15/2011 - 16:50 | 1372561 willien1derland

What is the damn value proposition of this company? So you can 'create' & 'share' your own 'radio' station?! I agree TD $2 in six months is the call

Wed, 06/15/2011 - 16:52 | 1372568 cat2

The value is it gives you new tunes based on your thumbs up/down, so they have a database that will recommend new music. I've used it for years but I've never clicked an ad, so I don't think they have revenue.

Wed, 06/15/2011 - 17:02 | 1372614 ATM

I use it too but also have never clicked on an ad. Why would I? I'm also not oging ot pay $9.99/mo for it or whatever annuity these stupid fucks think they can squeeze out of me.

What can they possibly do to generate income or even think they can have one profitable day let alone a quarter?

They're toast and they suckered some poor lemmings with this IPO. I mean, come on.....is February 2000 really that long ago??

Thu, 06/16/2011 - 01:28 | 1373637 StychoKiller

Check out www.KUVO.org (public Jazz radio station, "The Oasis in the City", located in Denver, Colorado).

Wed, 06/15/2011 - 16:52 | 1372569 Sudden Debt

reminds me of a stock named Sirius...

Wed, 06/15/2011 - 16:54 | 1372586 andybev01

or a sock named...

http://www.stefanoparis.com/stefmedia/petsdotcom/718080093750.jpg

Wed, 06/15/2011 - 16:54 | 1372571 WilliamShatner

I'm pretty certain LinkedIn will follow suite and start declining in a serious manner. Their PE is astronomical, totally unjustified.

Wed, 06/15/2011 - 17:03 | 1372608 Sudden Debt

Linkedin should be valued at 120 to 150 million. MAX!

Wed, 06/15/2011 - 17:21 | 1372648 WilliamShatner

Agreed.

BTW, love your avatar, it always makes me laugh.

Thu, 06/16/2011 - 01:29 | 1373640 StychoKiller

Domokun, FTW! (Much less trouble than Tribbles!) :>D

Wed, 06/15/2011 - 19:56 | 1373093 SaveTheBales

In Lira, I trust.

Wed, 06/15/2011 - 16:53 | 1372579 iLoveMisesToPieces

Really don't have to look very far to see how fiat our entire economy really is.

Wed, 06/15/2011 - 16:57 | 1372597 So Close

I like Pandora.... and use it all the time when i ride. I just woudn"t pay for it. And if they start playing commeicals I will switch back to my ipod. Moral hazard?

Wed, 06/15/2011 - 17:03 | 1372603 cat2

Dot Bomb 2.0: short your way to riches

Wed, 06/15/2011 - 17:09 | 1372627 beanieville

Open Pandora's Box sesame.

My unfiltered thoughts on P:

http://bit.ly/knPFEl

Wed, 06/15/2011 - 17:14 | 1372633 beanieville

Open Pandora's Box sesame.

My unfiltered thoughts on P:

http://bit.ly/knPFEl

Wed, 06/15/2011 - 17:13 | 1372636 Saxxon

LOL at the crap they are rolling out for the fundsters to buy with sheeple money.

Wed, 06/15/2011 - 17:14 | 1372638 Djirk

dont worry it is different this time.....or more accurately, WORRY it is different this time

Wed, 06/15/2011 - 17:27 | 1372665 fiddler_on_the_roof

I think I am wrong , now that S&P is falling, but I wills till hold my bets.

Wed, 06/15/2011 - 17:53 | 1372701 I am a Man I am...

didja hear this clueless CEO on CNBC today, didn't have a fucking clue what his earnings guidance was, this thing has been a total fucking money loser, what idiot would buy this

Wed, 06/15/2011 - 18:04 | 1372767 drivenZ

i too like pandora, i like what theyve done and created and I use it. I was shorting today. You'd have to be complete idiot to buy it at the IPO price let alone a 30% premium. No one is buying and holding at $23. Just a game of musical chairs where whoever gets in and gets out first wins. realistically, it'll be at $15 in a few weeks.

Wed, 06/15/2011 - 20:13 | 1373124 ZeroPower

I was shorting today.

Shut the fuck up, no you werent.

Wed, 06/15/2011 - 18:57 | 1372956 monopoly

I knew Tyler would bring this one up. They never, ever learn, do they. And you have to admit guys, as bad as the miners are, look how well gold held up with the confetti dollar moving sharply higher. Not sure if it lasts for now, but sure was nice.

Wed, 06/15/2011 - 19:40 | 1373046 razorthin

One surefire conclusion: Either Pandora is a short or the market is a buy.

Wed, 06/15/2011 - 19:48 | 1373064 Greeny

pump and dump, but still issuer of IPO nothing to cry

about.. Still closed $2 above IPO price..

What is the noise about? Market was down slot, should

They did IPO yesterday P would be above $20, but

I know it's worth less than $5 :)))

compare to CSCO or MSFT..

Value of this Company is near ZERO..

Wall Street like Junkies..

Thu, 06/16/2011 - 00:17 | 1373566 Cynical Centaur

Cognitive dissonance (this is one reason my brain hurts):

Bloomberg Headline: Pandora Surges in First Day of Trading (...share sales surge - Oh i get it now).

Zero Hedge Headline: Pandora Box's Unleashes Nothing But Selling Algos: P Closes At Lows Of Day, 30% Off Intraday High

Checked evil CNBC for a quote, yep ZH nailed it.

You have to read MSM like a lawyer and question every word and sentence.

Thu, 06/16/2011 - 08:58 | 1373977 Mr Kurtz

Down to $16.92 in pre-markets (06/16/11). Some unhappy "bag holders" jumped in at $26/sh.

Pandora Box's Unleashes Nothing But Selling Algos: P Closes At Lows Of Day, 30% Off Intraday High

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