Wouldnt be suprised if they call Facebook, "Wastebook" after this IPO

J

J-Law

Give it some time, a few days or weeks. LNKD has earnings and once the street has

1) Confirmation that their model lacks revenue & earnings.
2) A 2nd market vehicle to trade ie the common shares.

They will line up to short this issue.

I could be wrong. But, I think the probabilities point down.


PS Henry Blodget is on a CNBC panel this am. Just gives me that NASDAQ 2000 creepy feeling again.
 
Quote from eIBD:
The long-awaited Facebook (FB) IPO finally arrived. Shares of the social-networking company, priced at 38, stormed out of the gate and traded as high as 45. But the stock ceded that 18% gain from its issuing price and closed at 38.15. Volume was a staggering 566 million shares.
:cool:
 
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