itself in an ugly 8-month downtrend. Since then this four year-old “elder-statesman” of the new internet sector has recovered, fallen, and then recovered again. Richard Suttmeier, chief market strategist at ValuEngine.com, rates the stock a ”hold” and says that the volatility and opportunity presented by these type of companies makes for an interesting mix.
The thing is, when you deal with these internet stocks, you never know what you’re going to get,” he says in the attached video, expressing his doubts that OpenTable’s 100%, 10-month run has much more gas in the tank, so to speak. Similarly, he points out that LinkedIn Corp (NYSE:LNKD) has also marked an IPO anniversary; its second since making a May 2011 debut. But unlike the boom-bust-boom performance of OpenTable, LinkedIn “has been one of the better (long-term) performers,” although he feels its upward ascent looks limited at around the $174 level.
Younger still are shares of Pandora Media Inc (NYSE:P), which has been gaining interest lately in the wake of Apple Inc. (NASDAQ:AAPL) entering the digital i-radio space. While Suttmeier calls the hold-rated music purveyor “a failed IPO” that currently has “upside limited to $17.75,” he’s not averse to trading the stock on pullbacks.
You can see the full “Breakout” interview below: