Recently I posted a note about how we should not try to catch WFM. Some falling stocks reward us for trying to catch them as they fall (like Apple or Google most often). Other stocks just cause us to lose a few fingers in the process.

Last night, LinkedIn reported and the reaction took it to +15% afterhours. Today the stock is -9% with an even deeper low of day.

Q: Should I try to catch this falling knife? In my opinion NO. Even if this means that I will miss the bounce if it comes.

Technically, I can make a bear case for LNKD to take it all the way to 170 area. Notes on the chart. I am not calling for it as a forecast BUT I have to believe that it is a possible scenario and I would have weak conviction going long this falling knife.