I commence with my gratitude to The Ultimate Knower
MarketWatch headlines states, ” IPO underwriters start social-network firm with buy ratings”
Well, we know, there are no such thing as Ethics on Wall Street Firms. Those who market the IPO, would like their customers to get out at higher prices, before it drops again. WOW
I am going short LinkedIn (symbol: LNDK) with stop just above $87.50
Two more trades from my trading room, BIDU is at its DNA reversal area, I am buying Jul11 $125.00 PUT @ 1.30 Limit to Open and NFLX I am buying Jul11 240.00 PUT @ $1.75 Limit to Open. Stops just above the HOD. Short many other big Tech Names!!1
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Sir,
Thank you for sharing your recommendations! I really appreciate the fact that you are so specific about individual stock options and levels. IMHO, I would add XOM, CVX, GD, MMM as put candidates as well.
Thank you and bless you for so generously sharing your knowledge and expertise!
BDP