Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday May 19.
LinkedIn IPO (LNKD), GameStop (GME)
The LinkedIn (LNKD) IPO is bad for the market. Cramer isn't so negative about the company which has stable advertising and subscription revenues, but he feels that the shenanigans surrounding the IPO were reminiscent of the dot.com era. The IPO was priced at $45, opened at $83, rose to $122 and finally plummeted to $92. Only 7 million shares were offered in order to entice investors with the scarcity of shares and to make the stock "frothy"; that was intentional. The LinkedIn IPO is the kind of thing that "makes a mockery of capital raising and stock trading in this country." Cramer is worried about a return to the laissez faire dot.com era, when the authorities looked away when unscrupulous games were played with IPOs.
Cramer took a call:
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