Any good news is just being perceived as bad news. Glass half empty. Institutions will sell for any reason due to sector rotation. Completely irrational, but that's the market. Check back in 6 -12 months and see if $ rotates back into e-commerce/social media sectors.
All that needs to be said. Stock will rise above $6 in 2014.
Stock is oversold short term. If this channel holds, we will see $220 by March options expiration.
I expect LNKD will trade back to 200 within 5-7 trading days. Every time this stock takes a 5 day hit like this, it recovers much of it losses very quickly. Not saying we have seen the bottom longer term, but short term this thing is going back to 200-205 level in just a matter of days. IMO
Stock may have seen it's high at $6.84 today with RSI above 89. Rarely holds that level for more than a day or two. Might be one more push up at the open tomorrow, but either way - within 10 trading days, this stock will be back in the mid 5's. It has practically hit the PJ target already and I'll bet they pulled out. No one cares about Maxim. Classic analyst reccos at the top. Easy money shorting here for a quick profit.
RSI above 86 is warning sign that stock should drop in coming days. Printing a classic "topping" candle today that often means reversal. I'm looking for this stock to give up 50 cents over the next 5-7 trading days. Target $7.72
Watching the close. Any close below 72.88 might suggest a technical top and look for a few days of selling. Looking at a price target of $62 by new years eve.
Will end ugly in next few weeks for buyers at these levels. RSI says stock has appreciated too quickly and is severely overbought. Due for sell off any day. Only novices buying at the levels.
Volume is anemic! Where has everyone gone? They closed the mines, not the trading market!
Management has fiduciary responsibility to shareholders to at least pretend to give a damn. Get some news out on your plan, or look for strategic alternatives.
Agree 100%. Total manipulation with the big boys selling the secondary at a completely artificial price of $25/sh. They pumped it and they dumped it. You won't see downgrades from any of those book runners, but I expect at least 1-2 other downgrades this week. Stock should easily be back to $23 by Wednesday.
Agree. RSI confirms severely overbought. Looking for 2-3$ drop by midweek and lower volume trend into the week.
Won't be surprised to see this open at least $1 lower on Monday, as I expect at least 1-2 major downgrades based on valuation and ITunes Radio inevitable impact. Chatter won't be good for P next week.
I think this stock has been artificially held up so they could complete the secondary at an unrealistic price. They got greedy, and longs may pay big in coming weeks.
I'll bet this coming Monday morning brings a couple of downgrades based on valuation, and reality of projected share loss due to ITunes Music. Yesterday will mark stock's high price for the year.
Just took a shot on shorting P at 27.11.
AAPL is a game changer and will reduce P's market share. (Explain to me again why I still need Pandora when I have iTunes Radio???)
RSI at 82 will rarely hold up. Looking for a $2-3 price reduction taking stock below $25 within 10 trading days, likely much less.. Quick hit and run.
Lower volume, steady decline each week. No buying catalyst right now. No word from management. Crickets.
Could possibly drift below a $1 soon and raise some delisting concerns. Might be a good time to buy while no one seems to care and hold for a year. Despite temporary suspension of operations, this company has significant tangible assets and stock is grossly undervalued.