I dont have options im short the stock. I think its extremely over valued and also insiders are constantly selling shares. BUT the stock is built like a tank wont go down. ITS made a huge run this past month. Im debating to cut my losses and leave or hold it for a while. THE PE is over 800 but as we see here with amazon PE's dont even matter LOL. My average is like 108 right now and the stock is at 124 almost. SO yea im in trouble. Wanted some opinions I have seen alot of smart calls here that are right on the button. I dont know too much about options but if someone can guess, the earnings are this thursday.
can someone translate this for me a little better. IS it me or this sounds like a good way to say yea we making money but we want out of the stock LOL
Full Year 2012 Guidance: The company has revised its expected revenue range upward to $939 to $944 million from the prior range of $915 to $925 million. The company has also revised upward its expected adjusted EBITDA range to $202 to $204 million from the prior range of $185 to $190 million. The company now expects stock-based compensation to range between $87 and $89 million, while the range for depreciation and amortization is now $79 to $81 million.
Don't short on valuation. Cover and wait for a better opportunity. You need to wait for a catalyst to go short and that time is not here yet. It might go down but it could also sit here or go up again. Good thing is there is no dividend to cover on the short.
I am short at 97. No need to panic. Amzn, lnkd, nflx,.... these are all clown stocks. I made a good bit shorting similar stocks in 2000. You most likely will cover at highest level for lnkd. The business model of lnkd is most duplicatable by the llikes of FB. If you are short need to be able to stand it. Never short too much or on margin and you can always cover part of your short position if need be.
Linked in is one that the Hedge Funds love, like this one. They don't make any money, but they keep growing and you are right, the valuations don't make any sense, but that doesn't mean anything except you can be right and lose all of your money long before the markets become rational. I would suggest from now on when you go short or long a stock, you decide before you make the trade, what you are willing to lose on the trade and if it goes against you, you are stopped out and your losses are limited. One of the biggest mistakes people make is not making those kinds of decisions and sticking to them.