LinkedIn IPO ... go for it?

[Ghiddy]

as a former employee who just had a liquidity event: today is a great day!

Man, that is awesome. Any chance you'll tell us how much your options are worth? There's almost zero chance my company will ever go public, so I keep hoping we will get bought by a public company (another liquidity event that can cause options to become worth something).

 

[Capt Caveman]

i know it IPO'd at $45, but what could the average joe buy in at? Google finance shows lowest at $83 this morning. So it is a case of only big time investors/investment managers/and institutions getting in at the $45 price pre-market?

Yes, but even if you got in at $83 this morning. You would still have the opportunity to sell for a profit.

 

[sunzt]

wait a week see where it goes.

 

[Aharami]

oh yea. very good profit ~36%. Too bad I wasn't expecting it to go so high. Looks like people are cashing in their profits now.

 

[juiio]

P/E is over 1000x. What could possibly go wrong?

 

[frostedflakes]

So I guess this means it's time to start shorting? :twisted:

 

[juiio]

So I guess this means it's time to start shorting? :twisted:

Good luck finding shares to short.

 

[Colt45]

social anything seems to be ridiculously overvalued. I wonder when we'll get a big correction.

 

[Farmer]

Head just exploded. No one believes the growth is genuine. Your last sentence is exactly the type of logic that creates the bubble in the first place. Studies have shown that during a bubble no one actually believes the security they are buying is worth what they are paying for it. They only buy it because they believe it will rise in value anyway.

So you're asking me why I'm interested in making money?

 

[apac]

Up to $110/share. Ridiculous.

 

[RichieZ]

Congrats!

Next big thing: Dropbox? I know this is a pretty sought after gig for top level CS grads.

Dropbox is a pretty awesome company, I actually work at another YC startup now and want to meet them

 

[Capt Caveman]

Up to $110/share. Ridiculous.

Crap! Thought about jumping in, even at $90.

 

[Aharami]

Crap! Thought about jumping in, even at $90.

same here. hindsight's a bitch, isnt it?!

 

[Capt Caveman]

same here. hindsight's a bitch, isnt it?!

Yeah. But I would have sold at $100 and been kicking myself for not holding longer.

 

[sunzt]

emotion trading aren't we?

 

[Aharami]

my BiL got in at 83. sold at 119. Made a tidy profit. I think I'll ask him to pay the bar tab today!

 

[ussfletcher]

Wow, I wish I had known about this

 

[Capt Caveman]

emotion trading aren't we?

????

 

[thegimp03]

I know someone who's husband works at LinkedIn. He has $20k shares priced at $8 per share. She's having a great day today.

 

[JTsyo]

I know someone who's husband works at LinkedIn. He has $20k shares priced at $8 per share. She's having a great day today.

almost 300K. Should cash out at least 1/3 just to be safe.

 

[Ghiddy]

Good luck finding shares to short.

I never understood how this works. If there is high demand for the stock, doesn't that mean there are a ton of people expecting the shares to rise in value? And therefore doesn't that mean there should be a lot of people willing to loan you shares?

 

[Ghiddy]

So you're asking me why I'm interested in making money?

No, but your statement seemed kind of contradictory (kind of, but not really). Like you were saying, "damn, this won't end well; this stock is not worth that much." but then immediately buying some yourself.

 

[sunzt]

No, but your statement seemed kind of contradictory (kind of, but not really). Like you were saying, "damn, this won't end well; this stock is not worth that much." but then immediately buying some yourself.

ever gamble?

 

[Ghiddy]

ever gamble?

Yeah. I'm not really that into it, but I have dabbled. Your point?

I didn't say anything was wrong with people buying. Just that it was funny for one to comment on how people were herding into a bubble -- by definition, when the music stops someone's going to be on the losing end of these bets -- but then lamenting on not buying it yourself. Of course it's chance.

I find the self-propagating nature of bubbles really interesting.

 

[darkxshade]

If you hadn't gotten in yet, no point in getting in now, unless you wanna be stuck holding the bag. The price is trading on emotion, it'll die back down over the next week as people take profits. Those who are holding on hoping for a bigger payday is the only reason it won't tank as fast as it shot up but once the hype is gone, people will eventually let it go.