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busta21 05-31-2011 08:12 PM

Lnkd ipo
 
Any traders in here? This thing is in free fall from $124...CBOE released options on this thing who picked some up?

ThatOtherGuy - BANNED FOR LIFE 05-31-2011 08:13 PM

Yes. I bought in and shorted it.

busta21 05-31-2011 08:15 PM

Where did you short it from? I was amazed that MS allowed it to IPO that high

ThatOtherGuy - BANNED FOR LIFE 05-31-2011 08:20 PM

Well not exactly a short.:) LOL
I do day trading.
I buy it and watch it daily and set points where to avoid a loss. I am up over 225% so far in just 3 months of trading. I did mad day trading several years ago and now going back to it.

Most guys lose by simply not setting sell points on a stock.

I guess it does not count as a short per say by definition as I said above though.
I just did buy at open and during the climb and sold off as it dropped.

I urged a strong buy on LinkedIN before the IPO on GFY it was an IPO I looked forward to and I was certain it would climb rapidly and then get a hard drop. I was right:) As usual. Thats how most strong brand IPO's go especially tech/internet IPO's unless they suck.

Long term I really think LinkedIn will stabilize but its going to be a good 6-12 months before it gets 1/2 close to what it was on the peak of the IPO. Expect somewhere in the middle. If you catch wind of a buy out or take over of LinkedIN buy it again. I doubt Google would buy it but I am thinking Microsoft might take an interest but those are things that won't play out for another year or two or even five. I could see Facebook interested in LinkedIN.

If ya want a good solid tech investment think BlackBerry ( Research In Motion ) these days its takin a small fall and I think its good right now.

AsianDivaGirlsWebDude 05-31-2011 08:23 PM

http://www.freakingnews.com/pictures...Pig--56336.jpg

Quote:

Memo to the heads of Facebook, Zynga, Twitter and other Bay Area hot social-media companies looking to go public sooner rather than later:

Watch out you don't get ripped off by your initial public offering underwriters like LinkedIn did, say a number of observers.

Ripped off how? Hundreds of millions of dollars that should have gone into the Mountain View company's bank account on IPO day wound up instead in the pockets of the underwriters and their favored clients, a growing number of industry watchers say.

The latest is Peter Thiel, a Facebook investor and co-founder of PayPal. Given the way LinkedIn's offering played out, Thiel said in a front page story in Tuesday's Financial Times, "you assume the IPO was mispriced and the bankers screwed up" (sfg.ly/knvlqn).

Thiel and others point to the difference between LinkedIn's offering price of $45, as set by the underwriters, its opening price of $85, and an overall first day "pop" of 110 percent. To them, the gap suggests the IPO was way underpriced, either deliberately or through sheer incompetence.

Not that LinkedIn executives are complaining, at least not publicly.

The company took in $352 million from the shares the underwriters sold on its behalf. It would have made much more had the offering price been set closer to the opening price - $200 million more, if it had been set at, say, $60.

Feasting on the gap surplus were the underwriters - JPMorgan Chase, Bank of America, Merrill Lynch and Morgan Stanley (which already earned $25 million in fees) - and their elite clients who got shares at the $45 offering price.

"Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients," Zynga General Manager Eric Tilenius wrote, blasting the LinkedIn IPO in a Facebook post.

Scam, or more complicated? Joe Nocera, co-author of "All the Devils Are Here: The Hidden History of the Financial Crisis," went further in his New York Times column, saying, "LinkedIn was scammed by its bankers. LinkedIn is supposed to be the client, but it was treated like the mark."

Not everyone agrees. After all, LinkedIn sold only 5 percent of company stock in the initial offering; there'll be plenty more where that came from. It could also be argued that the $45 offering price was justifiably conservative, if not overpriced, given fears of a new Silicon Valley bubble mania.

"We often get it wrong, but, on average, IPO pricing is normally pretty accurate. After all, it's our job, and we do it well," says the "pseudonymous investment banker" who writes the respected and oft-quoted Epicurean Dealmaker blog.

"The picture gets complicated, however, when the company in question, like LinkedIn, does not have any comparable peers among listed public companies. Our guesses become much less educated and much more finger-in-the-air type things. There is no cure for this but to go to market and see what investors themselves tell you they are willing to pay"
http://exconservative.typepad.com/.a...890a970b-800wi

How the rich get richer...

ADG

ThatOtherGuy - BANNED FOR LIFE 05-31-2011 08:37 PM

Also look here:
http://finance.yahoo.com/q?s=RIMM

Thats very ripe for a buy especially with a new product launch for Blackberry.
I went in 25 Shares today. Plan on holding for a week or two.

busta21 05-31-2011 08:37 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude (Post 18181847)

Nothing wrong with making money.

busta21 05-31-2011 08:40 PM

Quote:

Originally Posted by ThatOtherGuy (Post 18181845)
Well not exactly a short.:) LOL
I do day trading.
I buy it and watch it daily and set points where to avoid a loss. I am up over 225% so far in just 3 months of trading. I did mad day trading several years ago and now going back to it.

Most guys lose by simply not setting sell points on a stock.

I guess it does not count as a short per say by definition as I said above though.
I just did buy at open and during the climb and sold off as it dropped.

I urged a strong buy on LinkedIN before the IPO on GFY it was an IPO I looked forward to and I was certain it would climb rapidly and then get a hard drop. I was right:) As usual. Thats how most strong brand IPO's go especially tech/internet IPO's unless they suck.

Long term I really think LinkedIn will stabilize but its going to be a good 6-12 months before it gets 1/2 close to what it was on the peak of the IPO. Expect somewhere in the middle. If you catch wind of a buy out or take over of LinkedIN buy it again. I doubt Google would buy it but I am thinking Microsoft might take an interest but those are things that won't play out for another year or two or even five. I could see Facebook interested in LinkedIN.

If ya want a good solid tech investment think BlackBerry ( Research In Motion ) these days its takin a small fall and I think its good right now.

Awesome. Thanks for the insight.

AsianDivaGirlsWebDude 05-31-2011 08:42 PM

Quote:

Originally Posted by ThatOtherGuy (Post 18181845)

I do day trading.
I buy it and watch it daily and set points where to avoid a loss. I am up over 225% so far in just 3 months of trading. I did mad day trading several years ago and now going back to it.

http://fastcache.gawkerassets.com/as...cture_1_01.jpg

From May 17th:

Quote:

Originally Posted by ThatOtherGuy (Post 18147459)

Going back to stocks and I am starting on Thursday with LinkedIn.

AlienQ invented fantasy day trading.... :upsidedow

ADG

ThatOtherGuy - BANNED FOR LIFE 05-31-2011 08:46 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude (Post 18181865)
http://fastcache.gawkerassets.com/as...cture_1_01.jpg

From May 17th:



AlienQ invented fantasy day trading.... :upsidedow

ADG

Village Idiot.

It's not my fault you did not take my advice. But you probably do not even do any trading.
I had a fantasy Financial Advisor once also! He said something along the lines of "You should always be active with your investments and never expect pensions retirement benefits alone to cover you're real retirement."

Pretty fucking sound advice if you ask me.

busta21 05-31-2011 08:49 PM

Probably not the best topic post I have made in this forum. There was a gentleman here though, I do not recall his screen name, he did have some very good ideas in regards to silver. :thumbsup

ThatOtherGuy - BANNED FOR LIFE 05-31-2011 08:58 PM

Quote:

Originally Posted by busta21 (Post 18181874)
Probably not the best topic post I have made in this forum. There was a gentleman here though, I do not recall his screen name, he did have some very good ideas in regards to silver. :thumbsup

Eheh yeah Lars?
They been going metals lately:thumbsup

woj 05-31-2011 09:15 PM

Quote:

Originally Posted by ThatOtherGuy (Post 18181858)
Also look here:
http://finance.yahoo.com/q?s=RIMM

Thats very ripe for a buy especially with a new product launch for Blackberry.
I went in 25 Shares today. Plan on holding for a week or two.

wait a min... you day trade with $1k? Which broker do you use? with most brokers the fees will burn huge % of your profits....


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