IF we take all the data it points to this being a scam and trying to sucker longs into this massive inflated prices based on earnings and numbers. ON the trader side it seems to be in a range from all my research, and thats why i was long you can see my post on that. I did the switch sometime after the run up on facebook going into this market too. I am hoping with my current position that its the last run up and will be down hill from here. NO insiders are buying its all sales. ITs in the millions and have yet to find someone to explain who buys the shares when they dump?? We retails can only afford so much who in their right mind would be buying? also same with amzn?? who buys a PE 3500 stock? if someone that has great knowledge explain to me without bashing would be great. Seems like I have no clue what im doing because I end up on the wrong side
My thinking is that this is a turbo niche growth company who dominates the online professional job market and no company even close competing against it. This reality perception alone is making their shares like turbo also in upward movements. There are like CRM, NFLX and goog in search.
You must have missed my response to your post before when I explained how the interest from big institutional investors that can need weeks to establish positions, can soak up any insider sales with out the slightest hiccup and then some. That seems to be exactly what is happening. If you watch any days activities the last 10 days or so, anytime stock drifts lower some big bids come in. The up volume is dwarfing the down which lends credence to what I am saying.
You shouldn't feel too bad. Read A Random Walk Down Wall Street by Burton Malkiel. If the movements of stocks are truly stochastic then no one can predict their movement. If you are feeling no causality in your trading of certain stocks you probably should avoid more speculative modes of trading like shorts or options.
The market and especially stocks such as LNKD are a scam. I think the are two possible good thoughts.
1. Stay out of the market. There really is no sense being in something that is a scam.
2. If you have to be in then play both sides simulataneously with options
SherlockShah, if they miss, there is a potential for a HUGE drop.....even a 30% drop would be nothing considering how high and ridiculously priced it is now. At a P/E of 800, it is still extremely over-valued at $60
But people like insect_oversight will come out and call people like me "Put-buying-basher#$%$". But, companies do have the potential to make such huge moves....NFLX made a +70% move, RVBD made a -40% move last quarter etc. Also, technicals have nothing to do with earnings...a company can be doing well pretty good technically pre-earnings and then crash after earnings (or vice-versa)
I have a small put position on LNKD totaling about $1500 which will expire worthless if LNKD indeed goes up/stays where it is. Anyways, good luck to us shorts :)
Sentiment: Strong Sell
this is old data, they say 5.3 million. I'm guessing it's smaller now cause I feel people are covering which might finally mean capitulation then its all down hill after that but god who knows