Folks – do not by these dips! I REPEAT…. DO. NOT. BUY. THESE. DIPS!!!
Earnings season has a reputation for being generous to some and absolutely brutal towards others, but it has been a long, long time since I saw two house hold names like Linkedin (LNKD) and Tableau Software (DATA) get taken out to the woodshed and slaughtered mercilessly.
Also, this is why I DO NOT PLAY EARNINGS. I do not even hold stocks through earnings, because one slip, in a play like these two stocks, and your year is ruined. You don’t recover from these kinds of gaffes. And lets face it, after watching Facebook rip dramatically higher following their earnings report, it would have been easy to assume that LNKD would do the same.
But guess what? It didn’t and those who gambled on LNKD are paying for it dearly today.
Tableau Software (DATA)
LinkedIn (LNKD)
