I bet folks loading up on $P (Pandora) yesterday are having some buyer's remorse today. Shares fell below the IPO price.
I was thinking back to 1999-2000 IPO mania, where any company announcing a web presence would see their stocks soar. Even Sunglass Hut putting up a retail front end, right? (I traded $RAYS at the time - lol).
Now, it's Social Media websites that are the darlings.
Pandora is below the IPO price.
And have you seen LinkedIn lately?