I don’t know how or why it happened, but it did. It reminds me of the horrific job Goldman did with Thestreet.com back in the dot bomb days, gunning the shares to levels that could not be sustained. I am talking about the IPO debut of LinkedIn, ticker LNKD, up 95% from pricing that was already 30% above last week’s price. This is, without a doubt, unsustainable. And, to top that off, it will burn a lot of people buying in the after market. I do not know when LNKD will crash or how, only that it is inevitable.
At 525 times earnings, LNKD is trading with a market cap equal to Smuckers, Chipotle and Level 3 (the defense contractor).
Fuck it, I am buying more ZSL.
NOTE: Morgan was lead underwriter for LNKD.
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Seems the overall market reversed almost to the second that LNKD started trading. Coincidence, I think not.
When can we short this turd?
lol, I think they’re expecting growth of epic proportions and for linked in to buy out facebook in 2 years.
How is this different than open table?
It’s even dumber than Open Table.
______
Linked in is trading 530x eps. OPEN is trading 30x
1,400 eps at the peak
MS is not stupid. You know what 7% of a bazillion x 2 is?
0.14 bazillion!
_________
I agree, they’re doing agent work and making a killing; albeit on a business model, not a company. Investment bankers are paid for the how and when, not the what and why. Slinging crack rock at the end of the POMO party is good timing. I bet those MS fuckers are pushing ridiculous inventory out today.
The real pity is the display put on by those lined up to punch each other out for the next high bid. All jostling for position thinking they’ll be next for the Australian kiss……….down under.
I wont even join Linkedin… I get all these invitations by e-mail to join Linked-In from every asshole who has my email address…. They are a pain.
agree.
It’s a fucking joke. They are so freaking annoying.
I am starting a new social media website named DRINKED IN
BYO Pabst Blue Ribbon!
LOL! Ok, I can eat shit on that one.
Right now every major index, gold, silver, oil, and treasuries are down with the dollar flat – unusual.
WE DA BESSSSSSST
I agree but too dangerous to short because of moronic hype, even after the 7 days you need to wait to short an IPO.
zzz
The idiots at CNBC have a quote for LNKD on their upper ticker bar … Feed the Beast CNBC!
Short the stock right before the employee lock-up agreements expire. Usually 3 to 6 months. Insider trading will ensue and spook investors into selling…then it’s a classic case of a busted IPO…
I am wishing I could take a very small position short in LNKD. Just something to chill out on until it bursts, but my borker can’t secure a short for me. yes, I said borker
Take care of the forclosure problem before you start shorting LNKD. It could put your portfolio in forclosure at the rate its running.
Unless of course you shorted at $120. This thing is wild
I am talkin bout shorting like 15 shares. I agree no crapping away money that is going to a good cause.
$108+. No F**ng way. No way that sh*t is worth that much!
Now $115.
Just not worth that much now or ever!
$LNKD over $110. Geez.
Monster.com has been around forever (although they are more of spamming monster than anything). This is a niche market and the traction on LinkedIn sucks. How many people actually check their linkedin on a regular basis. How many actually pay for premium services.
Valuation are absolutely sick for such little rev and income. Insiders are making out like bandits. How to read the action in LNKD. Is bullish or bearish (either way its absolutely moronic). Hit the bid on this pig, with valuations this high there is no way they can sustain this kind of price.
I’d really like to see LinkedIn hit $200 today and then close at $3…then maybe we’d get some true trading reform to control the computers…I know, wishful thinking.
http://www.youtube.com/watch?v=NcfXij6t4LA
LINKEDIN= LEXG, lol
$10.1 Billion market cap? For LinkedIn?
Worth twice Dolby?
Seven times WNR?
Fourteen times NILE? LinkedIn?
OMG, WTF, really? LinkedIn?
Most people that are on LinkedIn signed up once and forgot about it. Gravatar is smore useful than LinkedIn!
I can’t believe it’s not butter.