Have you a link to a story about this? I'd not heard anything about LinkedIn's IPO going sour. I googled but nothing except positive stories were returned.
This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic.
Anyone who buys LinkedIn is retarded. Serious people that trade the market wouldn't touch it with a 10 foot pole. Sure you can trade this crap and make fist fulls of money in the short term. The venture capitalists got paid. Do not own this stock.
Google more than tripled in the first two months that followed its IPO and it's been trading steadily at ~$550 (IPO: $87) for several years.
> Anyone who buys LinkedIn is retarded.
Obvious shorter is obvious.
GOOG's p/e ratio is 20 http://finance.yahoo.com/q?s=GOOG&ql=0
Do not construed this as an opportunistic swing at LinkedIn to make money. This is basic market fact. Do you know of a stock that trades with a p/e of 1,300?
How can you make such an extraordinary claim that my analysis had ulterior motives when anyone with any knowledge of the market and the metrics of valuing stocks would know for sure that LinkedIn was overpriced not by magnitudes of 2 or 10 but by a magnitude of 100.
The stock shouldn't be trading much more than 8. But the market will remain irrational longer than the individual solvent.
Are you seriously comparing the P/E of a company that's been public for four days with one that's been public for seven years?
I'm not sure I follow your logic here.
Trade like a technician.
LinkedIn's fundamentals are damning.