Why the stock is up $7+ today, In case you aren't aware
I don't own, nor am I short LNKD, but I've been watching it since the blow-out quarterly resuts were announced. Anyway....
Over the weekend I was bombarded with emails by the original internet stock hypsters.... MOTLEY FOOL! (we all remember IOMEGA, don't we???)
Evidently, one of the chief Gardner clowns sold all his stocks and is putting all his money in a new sooper-dooper Everlasting-Gobstopper portfolio for him and his elite (read that as big annual fee) members.
So LNKD is one of his favorite stocks for his new Everlasting-Gobstopper Portfolio. And just like Iomega, this stock is going to RULE THE WORLD. And there will NEVER be any competition! Really, just ask the Gardner brothers!
Me, I'm a little skeptical at this valuation, but I know better than to get in front of momentum stocks.
For what it's worth, I have somehow gotten on the Motley Fool Email Marketing List. I usually get 1 or 2 stock pumping emails per week. Howerver, over the last two weeks the full-court press has been on. I'm now getting 1-2 emails per day. Anyway they are stroking this stock like it was their favorite kitty cat. Not sure why they are so convinced that LNKD will rule the world or why they are pushing people to join so hard, but they are.
I used to get excited about the stocks The Fools would recommend they certainly write convincing marketing script in their emails. Then for fun I took one of their money back trial subscriptions. They are certainly masters of twisting their results (Jim Cramer has nothing on them), But essentially they make a ton of recommendations then talk incessently about the few that do well.
Will LNKD rule the world? Who knows, But if you believe Motley Fool, it will (just like they said about the 50 or so other stocks they recommended over the last 3 years of which about half are down significantly since being pumped.).