Seeking Alpha

LinkedIn slips on rumors of major short position

  • Rumors that an institutional investor has taken a major short position in LinkedIn (LNKD -0.8%) are leading shares to slip on an up day for equities. David Einhorn's name has been thrown around in some of the rumors.
  • Shares remain up 20% from where they traded prior to LinkedIn's July 31 Q2 beat.
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Comments (8)
  • Mark Krieger
    , contributor
    Comments (4333) | Send Message
     
    Isn't that a good thing? All those shorted shares have to be eventually purchased back- meaning potential buying power and squeeze likelihood.

     

    Shouldn't the shares be up on the news?>
    19 Aug 2014, 12:10 PM Reply Like
  • Darren McCammon
    , contributor
    Comments (1669) | Send Message
     
    Yes if you, Mark Krieger, are correct on LNKDs valuation and David Einhorn is wrong, then it might play out the way you indicate. However, what is more likely is your mind is twisting this around in whichever way in needs to in order to serve your existing bias.
    19 Aug 2014, 12:19 PM Reply Like
  • alydanny
    , contributor
    Comments (76) | Send Message
     
    And all the longs need to eventually sell to realize profits. Until they do, it's just paper money. But, all the insiders are selling like crazy and you will be left holding the hot potato. The insiders are realizing profits and handing off ownership of their company at a ridiculous valuation to the lemmings.
    19 Aug 2014, 12:23 PM Reply Like
  • PeterScriabin
    , contributor
    Comments (247) | Send Message
     
    Uh, Darren, I think you have reckoned without Mark's sensayuma. If I know him, he's short LNKD, as am I.

     

    With that said, I wouldn't short on Einhorn's say-so. This is the chump who thinks MNK is a short. From reading his credo on that, I know for a stone-fact the man is arrogant and incapable of doing fundamental research. But with THAT said, he is right on LinkedIn!
    19 Aug 2014, 01:43 PM Reply Like
  • JoshKennedy
    , contributor
    Comments (4) | Send Message
     
    People hear that a major institution is confident enough to bet against a company, they pile on the bandwagon.
    19 Aug 2014, 12:57 PM Reply Like
  • bavobbr
    , contributor
    Comments (64) | Send Message
     
    That's self-fulfilling for you
    19 Aug 2014, 02:38 PM Reply Like
  • snakebit78
    , contributor
    Comments (5) | Send Message
     
    Smells like someone wants to buy at a lower price.
    19 Aug 2014, 09:44 PM Reply Like
  • rwbrown.bvf@gmail.com
    , contributor
    Comments (95) | Send Message
     
    still a bubble...
    19 Aug 2014, 09:53 PM Reply Like
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