Give it some time, a few days or weeks. LNKD has earnings and once the street has 1) Confirmation that their model lacks revenue & earnings. 2) A 2nd market vehicle to trade ie the common shares. They will line up to short this issue. I could be wrong. But, I think the probabilities point down. PS Henry Blodget is on a CNBC panel this am. Just gives me that NASDAQ 2000 creepy feeling again.
Quote from eIBD: The long-awaited Facebook (FB) IPO finally arrived. Shares of the social-networking company, priced at 38, stormed out of the gate and traded as high as 45. But the stock ceded that 18% gain from its issuing price and closed at 38.15. Volume was a staggering 566 million shares.