Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Freshly minted shares of business-minded social network LinkedIn
So what: As of this writing, just before lunch, 11.6 million shares had changed hands at an average price of about $86. That's just about $1 billion of paper-pushing in half a day's worth of action. To put that number into perspective, large-cap market darlings Baidu
Now what: Okay, so everyone wants a piece of the new kid on the block. But LinkedIn's prospectus is full of bright-eyed membership-boosting plans with very little economic value. Google
Interested in more info on LinkedIn? Add it to your watchlist.