Issued: 12/01/2014
LinkedIn Corp., LNKD:
1. As noted in previous live meetings, Linkedin was indicated as a short position upon any test and failure at $243/$45 for a decline to $208 (or lower) into Jan. 2015.
2. LinkedIn was unable to test the $243 (preferred) shorting territory and is now declining. The market will likely complete the $208 (or lower) downside target noted in the original live update.
3. Although an aggressive short entry can/should be considered, our preference is to wait for a second opportunity to short LinkedIn as we approached Jan. 2015. Will update as the market continues to confirm.
David Williams
Issued: 12/09/2014
LinkedIn, LNKD:
1. As noted in our previous (Dec. 1) report and earlier live meetings, LinkedIn was expected to test $208 (or lower) after failing at/near $243/$45.
2. LinkedIn was unable to reach our preferred short selling territory at $2043/$45, instead making a Nov. 4 swing high at $238.77. The market reversed off that level and declined to the forecast $208.00 downside target (today’s session low, $205.00, so far).
3. Aggressive shorts exited the majority of their position at/near the $208.00 downside target. This completes the forecast. Will message any further entry or indication in LinkedIn.
David Williams