SSS - LNKD possible IPO POD Set-up

Published : May 21 2012 at 9:42 ET

With the "Fakebook" (FB) IPO looking like so much egg splashed across the faces of the underwriters, LNKD's formation is starting to look like the initial phases of a Punchbowl of Death formation as it breaks below its 50-day moving average on heavy volume. This is shortable, in our view, either here or on any rally up to the 50-dma at around 100 using a 3-5% stop. We have a position in this currently, but may be in and out of it if it takes a little more time to set up.

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