Ah well, when things are not going your way, it can get tough. Just one day after closing my trade on Zynga ($ZNGA), I saw the trade gain over 10% on Friday in what would have been a big turnaround. Hopefully that moment comes sooner than later. What has helped has been the fact that markets have been sluggish making the comparison a bit better although the overall return is still poor this year for long & short tech stock picks! Today I am happy to open a new trade with one stock that I’ve been a big believer in. Let’s start off by looking at the number for Dice Holdings and Monster Worldwide: [table “405” not found /]

Long LinkedIn (LNKD)

LinkedIn has been a stock and company that I’ve been a big fan of. Lately, in our free tech stock newsletter, I looked at its valuation in comparison to Facebook’s and it does remain more expensive although you could probably argue that there is less risk involved. It’s been a few difficult weeks for LNKD lately following a major security breach but I do still think the stock looks great. It does remain difficult to trade given the sky high valuation but I do think that in some circumstances such as today’s, it becomes a very decent opportunity.    

Short Zillow (Z)

Zillow has been able to do much better than what I would have expected but I do think that despite all of its momentum, the fact that it relies so much on the still very weak real estate sector has been a major issue. The bottom line is that I think Zillow is priced for higher growth than it can actually achieve.

Disclosure: No positions on LinkedIn (LNKD) and Zillow (Z), this trade will be opened on Monday morning