Naz News, Gappers and FLE's

[MiamiGent]

LNKD Starter short, FRI AH over $202. Firm, modest rise in AH session reveals split opinion where this ones going, short term.

http://stockcharts.com/h-sc/ui?s=LNKD


Against shorting were these considerations:

*Upgrades may be coming following good Report

*There's head room

*Market somewhat repressed last few days so there could be more pop

* Closed HOD Friday (yikes, just saw that)


Why I took a starter:

* Insiders selling like crazy at $30 below current level, throughout July.

* Reaching saturation point in main business

* Will be bumping up to several competitors like Salesforce in new avenues planned.

* RSI fairly high on the daily

* Pretty good gap up already

* Trading 10x's tangible book

* Mkt cap $22B for social media- seems a little goo goo for a company making a few mil a qtr

* Wanted to add short positioning in case we see more weakness Monday


We'll see said the blind man.

MG