Russ Smith

Slated to open 32-35, day before they up it to 45. Opens at 83, in day high of 122.70 closes at 94.75.

I am on it but I'm not a huge fan of it and the valuation from that price is ridiculous.

I shudder to think what Facebook would do if Linked In is that strong.

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

Jersey Girl

Yeah, I saw that, too. I don't quite understand myself.

__________________
"'Ohana' means family. Family means nobody gets left behind. Or forgotten." EVER.

jf-08

I bought and am selling half tomorrow. The other half I am going options.

__________________
Read The Cardinal Rules of this Site!

Play hard, get dirty and never make eye-contact with the man you're going to blind-side. - Hardy Brown

RIP Skkorp, KoC, Danny_L, and jstadvl.

jefftheshark

Momentum chasing algos drove the price parabolicly up so fast at one point it had a P/E of close to 1200X.

This is the natural result of HFT POMO money seeking yield with no regard to paying attention to any semblance of market fundamentals. I can see why people are doing it, but anyone who stays in a trade for longer than several minutes is just playing with dynamite IMO.

JTS

Gaddabout

Just showing no one learned anything from the dot.com bubble

__________________
Before I saw him, I could figure things out. He was the first guy I saw close-up and just didn't get what he was doing. Josh Freese on Vinnie Colaiuta

jf-08

Sold half. Made my investment and more back. Holding on to the other half and may option call it.

__________________
Read The Cardinal Rules of this Site!

Play hard, get dirty and never make eye-contact with the man you're going to blind-side. - Hardy Brown

RIP Skkorp, KoC, Danny_L, and jstadvl.

Russ Smith

If it's not too personal how were you able to buy low enough to make that profit did you have friends and family stock or something? that's an awesome feeling when you still have half left and already have your profit.

I know a couple of people who work there but from what I heard they weren't overly generous on friends and family stock so I didn't expect either of them to offer and they didn't.

If you can get in low enough what you did is the way to go.

When I worked at Centillium I took my friends and family stock from 18 to 60 and then sold and I could have held until we cracked 100 had I known. the beauty is stock options are always locked up for 3 months but F&F stock has no lockup period.

I tried to buy VMWare just after the IPO but I didn't have enough money small trades were impossible to get through.

as of now the market value is 8.9 billion, for comparison AMD is 5.9 billion. Not that they're comparable companies in what they do or size it's just one the local paper used to point out the numbers.

I guess Zynga is expected to be next.

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

jf-08

I bought @ $45.00 and sold @ $103.49

I told my financial broker some time ago to keep an eye on it and do whatever it took to get in @ the lowball. And I was shocked to find out he was able to. I imagine he had a conglomerate with his clients and bought in bulk and made allocation to portfolios.

__________________
Read The Cardinal Rules of this Site!

Play hard, get dirty and never make eye-contact with the man you're going to blind-side. - Hardy Brown

RIP Skkorp, KoC, Danny_L, and jstadvl.

Russ Smith

Wow you are my hero, that's the dream to be able to buy in at the opening price like that.

Yeah it must have been some huge block of shares they got access to that is pretty cool.

I thnk it's a bit easier now because of all the crackdowns on underwriters letting rich folks like Meg Whitman buy into IPO's exclusively. the SEC cracked down on that and I think that opens up more shares for the rest of us normal folk.

that's a great trade you more than doubled.

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

conraddobler

I can't fault anyone who trades for a profit but fundamentally this is insane IMO.

I've seen the product and I can't believe anyone values it at that much, it's crazy IMO, but what do I know.

__________________
When written in Chinese, the word "crisis" is composed of two characters. One represents danger and the other represents opportunity. John F. Kennedy

Russ Smith

Closed at 78.63 today so well off the high but still way too high.

Will be interesting, Groupon filed for an IPO today, not sure when but it's "highly anticipated" just liked Linked In.

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo