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LinkedIn Corporation Message Board

  • sherlockshah sherlockshah Nov 13, 2012 11:25 AM Flag

    Its amazing how this trades, its so hard to be on the right side

    When you think you are right it makes you look wrong, you go the other way and you are still wrong LOL..
    I was long at 102 dropped down to 94.75 held it and than dumped it at 99.35 took a loss. I went short at 98.40 and am burned now. I think they killing the options toward the expiration. I was right last week. Last week they killed the longs. This week they might kill the shorts. So if i lose like 2k im out and will cover. Its just hard to go long this stock knowing its overvalued and can just drop. But thinking twice so many institutions own this I dont know if they would drop it back down to 80's,

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    • yesitsme2012 Nov 13, 2012 12:52 PM Flag

      Nah...Its easy to be on the right side with a stock this overvalued. Stay short or get out of the way (neither short nor long).

      As for institutional big guns wanting to keep it that is only as long as they need to get out. once one bolts for the exit this can get uglier very fast.

      So funny to watch FB stay afloat when the lockup hits tomorrow. When the first lockup hit it went from 21 to 17. In a HURRY.

189.50+0.06(+0.03%)Jun 28 4:02 PMEDT