You can bet it will be a pumpfest. Look for at least an initial bounce on Monday regardless of underlying market.
I just picked up some shares at $123.00. Too good to resist.
CLSA analyst James Lee said half of Buy rated LinkdIn's Q4 miss was due to one-time items, not structural issues. Lee said Marketing Solutions down guidance was caused by the Bizo closing, lower engagement was temporary due to introducing a new flagship app, and Talent Solutions net adds accelerated in the quarter. The analyst views the 25% after hour selloff as overdone given the level of guidance miss but did lower his price target to $250 from $310 on LinkedIn shares.
The lowest revised price target out this morning is $180. Greedy shorts to be squeezed hard at any moment.
Skitzo Jimbo strikes again:
We love the long-term story, but would caution any subscribers considering trading into the quarter, given the heightened investor sentiment. The stakes are high, not only in the context of the new standard set by Facebook, but also because analysts have been actively championing the disclosure component to the story since management first unveiled the new operating structure early last August.
This was published at 12:30 today.