Langlui's Big Board and Options Plays

[jaybird249]

ATRN explodes tomorrow: Seeking Alpha Article, Pandora IPO, 2 MM float

Theres mixed speculation about Pandora's IPO tomorrow - mainly due to the lack of profitability. But you cant use fundamentals to determine pricepoints for IPOs like Pandora. Potential and momentum are the keys here.

Tonight they price it - likely around $12/sh. Also 14M shares will be available to trade. The beauty of these markets is that they are so momentum driven, many saw LNKD results (up from $45 to $120 in hours) and expect a similar start. Traders have similar expectations tomorrow for P.

Trading starts about 10:30 EST tomorrow for P. I look for it to open in the high teens and trade in the 20s tomorrow before settling. As a result, ATRN trades to $4-5 just on a sympathy renevue multiple alone. Could be highers if the daytraders start working it.

http://seekingalpha.com/article/274900-is-pandora-worth-2-billion?source=yahoo