Thursday, June 16, 2011

$P - Pandora: Buyer's Remorse?

I bet folks loading up on $P (Pandora) yesterday are having some buyer's remorse today. Shares fell below the IPO price.

I was thinking back to 1999-2000 IPO mania, where any company announcing a web presence would see their stocks soar. Even Sunglass Hut putting up a retail front end, right? (I traded $RAYS at the time - lol).

Now, it's Social Media websites that are the darlings.

Pandora is below the IPO price.

And have you seen LinkedIn lately?

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