Because Fidelity wanted in, they saw what this could be in the future, they aren't worried about the next couple of months or even the year, they know this has legs and so they invested and bought at $4.50.
A tight register works both ways, the up is great when everyone wants in, the down can be great also when some want out! Big volumes lately suggest that the outs were doing it at any cost and why not if they were in at 20c, yet at this point it seems that there are new buyers who are willing to soak it all up.
Hey LinkedIn, guess what, they have been sniffing for ages, I hope management don't let this go for a song, all just my thoughts obviously
All this talk from some here about how FB and others being able to just come out and do the same, we'll come on guys, check yourselves if you think this will happen anytime soon!
As far as some saying its a dead database, it is updated faster than these people can think for themselves, much faster!
GL all, it's a jungle out there and I hope everyone has a trade plan for themselves! You know you can like/love a stock and its future but sell when the markets turn and sentiment is in the dog house but then buy it back for much cheaper! There's nothing wrong with liking a stocks prospects but act in your own best interests when the overall markets are crappy or that your stock has got ahead of itself.
GL all......,
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