Friday, June 17, 2011

Pandora, Day 2

Don't worry, I won't follow it every day. I was just curious to see how many people just bought it to sell it fast. Looks like there were lots. From Radio Ink this morning...

"It's hard to find too much good news for the big P. Granted it was only day two, however, there was very little perspective on day one either when the stock shot up to $26.00. What's the thinking now that the stock is already down to $13.26, well below the IPO price of $16.00. And that was on an up day for the market. Is this a temporary blip on the road to riches for Pandora? Or are it investors realizing, after being burned during the first bubble, that a profit-generating business model out of the gate really does matter."

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