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Anyone else REALLY glad they didn't buy Pandora stock when it opened today?
Opened at $20, immediately shot up to $26, then dropped steadily throughout the day to close at $17.42.
P: Summary for PANDORA MEDIA, INC.- Yahoo! Finance |
Unless you can get in on the ground floor of an IPO, I wouldn't touch the stock until after 6 months. They usually slide at least that long after the IPO, even if it is a Netscape or Google...
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I have a standing rule to never invest stoopid money on stock from a company that has NEVER made a profit.
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I can't figure out why LinkedIn hasn't corrected yet...
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YIKES! Someone initiated coverage with a $5.50 price target. It was down to <$13 in after hours trading today.
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Apparently the goofballs who bought Pandora stock never heard of the dot-com crash.
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