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Student of the obvious
 
LeeH's Avatar
 
Join Date: May 2000
Location: Phoenix
Posts: 7,714
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

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Lee
Old 06-15-2011, 04:27 PM
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Cars & Coffee Killer
 
legion's Avatar
 
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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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Old 06-15-2011, 04:41 PM
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Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
I have a standing rule to never invest stoopid money on stock from a company that has NEVER made a profit.
Old 06-16-2011, 07:02 AM
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Join Date: Jan 2003
Location: Atlanta, GA
Posts: 2,681
I can't figure out why LinkedIn hasn't corrected yet...
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Old 06-16-2011, 07:06 AM
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Student of the obvious
 
LeeH's Avatar
 
Join Date: May 2000
Location: Phoenix
Posts: 7,714
YIKES! Someone initiated coverage with a $5.50 price target. It was down to <$13 in after hours trading today.
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Old 06-16-2011, 10:06 PM
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B58/732
 
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Join Date: Feb 2000
Location: Hot as Hell, AZ
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Apparently the goofballs who bought Pandora stock never heard of the dot-com crash.

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Old 06-17-2011, 07:33 AM
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