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PPR - LNKD, a quick lesson

LNKD had a pocket pivot/gap up after a strong earnings report on Friday August 3, 2012. Today, it cleared a midpoint in its current basing pattern. We put out no reports on LNKD on either day since:

1) The general market has been lackluster at best with scant leadership.

2) The market has been trading in a choppy, trendless, news-driven, gap-up/gap down manner.

3) LNKD has had a number of fake-ins where it gaps up or breaks out, then goes nowhere.

Part of prudent investing is knowing when to put your foot on the accelerator. Given that market conditions are soft at best and that LNKD has yet to prove itself, the window of opportunity is only narrowly open. Patience is required more than ever before since general market conditions this year have tired out many investors with its back-and-forth go-nowhere action.

During such periods, it is best to tread lightly then let price prove itself before adding to your position should you decide to invest at all during these rare types of go-nowhere environments.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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