Institutional buying will start at $18 and the stock will be back at $22 by Labor Day.
Investors now feel the stock is worth $20, or 3x book, since LNKD is wildly priced at 15x book.
If FB meets expectations in Jan 2013, you have to admit it's likely to get up to 6x book, or $42 a share.
Start to load up at $18. If it drops to $15, keep buying. If it drops to $12 for a couple of hours, I think we'd all be surprised, and buying at that price would probably represent the best gamble the casual investor could ever make in the market.
You have to remember how Fridays have been going recently. It's a very good bet that ALL the analysts, all the Hedge Funds, and all the Cramer wannabes are going to jump in at $18 on August 17.