LinkedIn IPO

[mcfroggin]

their revenue is like 50 million dollars. A valuation of 10 billion is insane. Man, i wonder what facebook and groupon's ipos are going to look like

What do you think about CXLT? Company is like a smaller groupon I believe.

[facebookdigg123]

What do you think about CXLT? Company is like a smaller groupon I believe.

i avoid penny stocks. been burned too many times

[facebookdigg123]

do you have a link to where you found that info?

I did some looking around for it, but didn't find anything. If it's in their filing docs for the IPO, I didn't read them either.

i forgot where i saw those numbers from. I read it from multiple places, so i assume they're close to the real numbers

[Slug]

LNKD Ugh. You know it's a bubble, but I'd be very surprised to see momentum die in this very quickly. I typically try to avoid standing in front of freight trains.

[tripods68]

I don't trust this company at this price with 9 millions shares (issued) of the company, or about 10% of the company's value. In other words, they paid off/rewarded the first people that invested in this company first and foremost, VCs, CEO, underwriters, MF, selling groups, and certain private individuals. Those guys got the BIG BUCKS allowed to buy at $35 and sold off when the stock took off. The rest of the public/investor did not get a piece until the stock reach above $90, in the BUBBLE pricing stage to me. I'd stay away for now, not until they issue more shares at diluted price (low 20s).

[Slug]

You can get it for $85 today in case you missed day the IPO :-)

[Scanner]

Word on Fast Money today was that there are a lot of people shorting it right now.

What's the old expression - the Market is a Beast.

It will overpay for something that is extremely overvalued and sell something that is way undervalued?

[DRILLINDK]

Just wait until options begin trading and traders can short the stock. Next week we'll get a taste of some downside in the stock when speculative traders start putting downside pressure on it.

Took 3/4 of my short position off for +$10.35 profit. Still holding a small core position, but looking to re-enter my short position late next week after the market has a little bounce early in the week.

[mcfroggin]

Word on Fast Money today was that there are a lot of people shorting it right now.

What's the old expression - the Market is a Beast.

It will overpay for something that is extremely overvalued and sell something that is way undervalued?

I wrote a blog post about this last week. Shorting that was easy money.