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Technology Stocks : LinkedIn Corporation
LNKD 195.960.0%Dec 16 4:00 PM EST

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To: zax who wrote (183)10/8/2013 10:38:40 PM
From: Smart_Asset   of 272
 
<<I just don't see this space doing well long term, myself.>>

I don't see them doing as well as their current pricing for a decade or two.

One of the reasons for my puts is their claim of 240 million users. My take is that they have 240 million emails and a small fraction of that many users. I'm pretty sure they count me as a user(former as I unsubscribed) even though I've never done a thing with my "account".

Their recent high in the $250s represented almost thirty time sales and that's a thirty billion dollar market cap which is completely unreasonable. That's a pharmaceutical ipo 'we have a cure for cancer' valuation.

I did a quick look see at the insider sales and Hoffman has cashed over $350million just in the last couple of months. They are a Sonsini creation and have been orchestrated from beginning to now to maximize wealth for the already wealthy early private investors. Been there done that multi-millionaires.
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