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Tech

LinkedIn Corp ($LNKD): Move above Kijun sen (Trendline)

 

LinkedIn (LNKD) has just IPO for about a month. Its price went as high as $120 on the first day of trading and fall all the way to the $60 range during the last one month.

Today, LNKD has a gap up. With this gap up, the price level has move above the Kijun sen (trendline) on the Ichimoku chart.

The entire Ichimoku chart is not formed yet. But, I am taking a bet here with a SHORT PUT spread position for LNKD. I am bullish and it will go up in the short term (maybe all the way heading  towards the end of the year).

Note:

Insiders and money managers have 85.7 million Class B shares of LinkedIn that cannot be sold until 180 days after the IPO. новейшие игровые автоматы играть бесплатно без регистрации

Categories
Tech

RightNow Technologies (RNOW) : Consolidation

RightNow (RNOW) has consolidated since I sighted its bullish move on July 15.

With the earnings just 2 days from now (July 29), there is a good chance that it may breakout of this consolidation and move higher.

The Tenkan sen has risen closer to the price level. And the kumo is also suggesting good support at $12.

RightNow_Daily_27July2009

Note: As with all earnings play, we never know how the market will react. The broader market seems also a bit stretched and may see a correction as well.

I am keeping my fingers crossed on this. My bet is for RNOW ability to keep cost under tight control with good revenue reports.

I believe the former, keeping under cost under control, should be easier as the founder Greg Gianforte, has a history of bootstrapping RightNow and bringing it to IPO. I think that is a feat to remember.

Let’s hope such tight controls continue.