Well, it's indeed too bad I couldn't get ahold of some LNKD to short when it was at $120 a share as I'd noted earlier I was trying to. The stock's fallen 25% intrady from those levels and is now trading at $94. No looking back now, but I will note for any of you who might have gotten the short on there when it was higher that I'd probably declare a victory, close out the … [Read more...] about Well, it’s indeed to bad I couldn’t get …
lnkd
A couple weeks ago on the day it came pu…
A couple weeks ago on the day it came public, Stacey Delo asked me what I thought about buying RenRen. I told her, and I quote: "Run the other way from Renren." I went further in my article on the matter too -- "I wouldn’t touch the stock with a ten foot pole. I don’t trust Chinese company disclosures and numbers as a general rule, and Renren has already had to correct … [Read more...] about A couple weeks ago on the day it came pu…
With LinkedIn.com now over $120 a share …
With LinkedIn.com now over $120 a share (it was priced at $45 last night and opened at $80 today!), I just checked to see if I could locate a borrow on some shares to see about shorting some for a short-term trade. Alas, I can't get my hands on enough of this brand new issue and there are no options on a new name like this so early, so...nada. But if you can get your hands on … [Read more...] about With LinkedIn.com now over $120 a share …
So LinkedIn.com is coming public and hol…
So LinkedIn.com is coming public and holy cow is the mainstream media hyping the heck out of it. Every major news outlet is breathlessly explaining how the IPO was originally priced in the low $30s last week, then upped to the mid $40s earlier this week and how it priced at the highest end of that range last night. And now it's opening up trading at $80 plus per … [Read more...] about So LinkedIn.com is coming public and hol…
It’s a nice rally with lots of gainers a…
It's a nice rally with lots of gainers and few decliners this morning as rollover off the downhill side of the trading week. The big story of the morning is the Linked.com social network IPO. The media is hyping it much more than it needs to be and now the stock is going to open up double where it priced, which was already 30% above where it was supposed to price last week. … [Read more...] about It’s a nice rally with lots of gainers a…