Linked In (LNKD) is nearing it's highest value since the IPO opened, which it reached within the first few hours of the first day. After going up $8.37 on Wednesday, the stock closed at $107.87 and with no signs of a slow down. With LNKD it is hard to say whether or not it is a good buy. Nothing seems to indicate either way. Wednesdays surge may have come as a result of Linked In surpassing Myspace in social networking rankings. Some analysts put it in the $75 range by mid-August. It does appear over-inflated and the bubble could burst leaving a lot of investors hung out to dry. If it doesn't pop, investors will be very happy. Keep your eyes on Linked In. Don't forget about the upcoming IPO Groupon, it has the potential to come out of the gate full speed. Do you think Linked In is for real? Is it worth the risk?
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