Jim Cramer’s Rant on LinkedIn’s IPO

May 19, 2011
J. Webster
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Cramer is at his best when he has something to rage about.  And when he’s right.  In this case he is raging and right.  Why? Because LinkedIn’s stock skyrocketed to over $100 share after pricing at $45.  Really, how is LinkedIn going to make that much money, from advertising, yeah right? From job searches, haven’t they tried that before on the web. There’s just not that much money to be made.  I just don’t see it.

Cramer’s take is this: Why was the LinkedIn IPO so bad, they only released a small sliver of shares which created a mad rush for the stock and that’s why it shot it up so fast. I think it will shoot back down in the coming weeks. How low? My guess is it finds at least the $80 range again, which is where it first opened today. That is a wild guess though.

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