I keep hearing that Linkedin has more of a long term future that what it may seem. It is already killing Monster.com and the new way that not just people but companies connect with people. HR departments are using it more and more to learn about people before hiring them. Also, over time, more and more jobs may just be posted there and more and more reference checks and contacts with previous employers may be made through Linkedin.
This stock will likely move back closer to its 52 week high of 122.70 again.