Then, July 31, 2015, and now charts as usual;

Today you can tell your neighbour that you saved yourself $67 or 35% in just one day even before the opening. If he asks how tell him you read and follow this blog. If he then asks if it is expensive, tell him it is free, at least for now.

By the way; from the G&M

Of the 44 analysts surveyed by Reuters Estimates that cover LinkedIn Corp, the consensus rating is a buy. The rating changed on January 11, 2016 when it was upgraded from a hold.

Some things never change. At the time the stock was already down $80 or so from the peak of $276, had no earnings, a beta of 1.66 and so on. Break the line and there is only hot air.

The count works better as a large A-B-C, in fact the count shown has to be wrong if the top is where we think it is, in Feb. of 2015.

That was a $50+ range for the last 24 hours. Wave 3 starts appropriately with a 10% drop.

This stock hasn’t been around that long, only about 4 years. From the lows it has managed to increase almost 5-fold with 50 to 100% swings just in the last year or so. Clearly the market has no idea what to make of it. Overnight the stock traded up $20 and then down $15 supposedly on the excellent numbers that were announced after the close. We suspect that the top was already in and that the stock will be leaving behind an “island”. Presently it is in a wave 2.

The company is touted by some as the next best thing since sliced bread. Personally I think it is one of the most annoying social media websites there is. Somehow they are able to determine who you have ever looked up anywhere on earth, and then invite you to become a friend without that person’s input or involvement. This is how some people you know to be anti-social and rather dim on top of that, end up with 400 friends and 20 different skill sets. It knows how to take advantage of people’s vanity and/or narcissistic personality disorders. It also allows those that are not your friends to pry into your life by rifling through your bio which you are free to embellish or fabricate if you wish to do so.