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Is Einhorn Selling LinkedIn Corp?

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Mark Melin
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LinkedIn Corp (NYSE:LNKD) shares are falling this afternoon as rumors swirl that an activist hedge fund has sold the stock.

LinkedIn 8 19 2014

LinkedIn shares fall 2% as Einhorn takes short position

According to a report by John Seward in Benzinga, shares dropped as much as 2 percent today as well-known short seller David Einhorn is said to have taken a short position in the stock.

Quoting Einhorn’s letter to investors from last month, the report notes the hedge fund manager said "there are a number of tech stocks caught up in a smaller version of the 1999-2000 Internet bubble and we've created a bubble basket to short them." ...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.