Today is a big day for Social media as LinkedIn Corp (Public, NYSE:LNKD) IPO’s. I won’t pretend to know whether it will be overvalued or not once it starts trading as I believe in a company being worth whatever anyone is willing to pay for it. My initial guess is that $LNKD will be a hot commodity, first because everyone expects it to crash and burn which in a twisted way is bullish. But I also think that there is enough of a vested interest in this IPO succeeding if only because even if only because a lot of other upcoming IPO’s like Facebook $FBOOK or Twitter $TWIT, will be at least initially based on whatever multiple $LNKD trades at. I think there is enough of a vested interest on the street for this to be a success. But what do I know, I’m just a trader. For me, the chart below is the only thing that matters.

For the astute, you will notice there is no data. And since there is no chart, I have no edge. As a trader I know what is in my wheel house and what isn’t. Speculating on a hot IPO isn’t and thus I will remain neutral until I have some data to trade off of. However, knowing that there will be attention on social media stocks, it may be worth watching other social media stocks like Renren Inc (Public, NYSE:RENN) $RENN or stocks with Social Media ties like SINA Corporation (USA) (Public:Nasdaq:SINA) $SINA.

Good Trading,

Joey