Why is the bid/ask so far apart? Nobody wants to buy at these levels....but nobody wants to sell either.
I can't justify the valuation of this stock...but the daily chart is forming a classic handle on the cup and that is generally a bullish formation. A rapid run to new highs on well above normal volume followed by price consolidation on lower volume.
IMO, the Facebook IPO is bullish for this stock as well. Again I can't justify the valuation but all the chatter and interest will attract some to buy LNKD as an alternative to Facebook.
Very low float therefore a lack of liquidity.Market orders of 4500 can push the price .50 cents at a time.The programs need to keep a .15 to.3 cent spread on this stock at any given time.I can tell you this.There is someone(s) working this stock BECAUSE THEY EITHER WANT/NEED OUT!
To answer your question the first entity is gonna start blinking and when they blink this stock has a hard time finding a bid especially up here.The only bidders are the shorts and they are gettin even more scarce!
Yesterdays open was a tell tale that the bids are dissapearing at these levels...That doesnt mean the crooks wont try another squeeze but there are serious players in Vegas (salt conference) right now that are shooting against this stock for various reasons!