Lnkd did this a week ago for over a quarter billion...
the tutes have too much money made and tied up to let it slip away. They will buy the shares and dollars to doughnuts this goes up tomorrow, just like what happened to LNKD. Sell the shares at a discount, tutes buy it making a cool 100 million cutting a check and the share price goes up trapping more shorts.
Business fundamentals no longer apply to certain stocks.
That is a good quote from a Motley Fool article - "At 154 times, Pandora is even more expensive, but it hasn't had a profitable year, on a GAAP basis, in at least six years. Sure, the Wall Street consensus has the company achieving profitability in fiscal 2015, but the truth is that, for a business like this, analysts have little to no confidence regarding the magnitude or even the direction of their estimates."
If you wanna gamble, it might pay off big. Then again... it might not.
This company does not make money! That's a fact! Why do you think they need to issue 14M shares? You longs are unreal. You've had a great run this year, at some point reality hits hard. Guess what, this is Pandora hitting you with reality, they need cash! Open your ears and sell this pig before you lose your gains.
Sentiment: Strong Sell