Parchayi.com – Personal Finance Simplified

LinkedIn priced its IPO at $42 to $45 a share, up from its original planned price of $32 to $35 a share. This would make LinkedIn worth an approximate $4 billion!

Granted LinkedIn is money making but is it worth 4 billion? Last year’s revenues were 123 million with a profit of $15.3 million. That would make it have a P/E of 260 or so.

Update May 19: So the LinkedIn IPO opened at $83 and is currently sitting at around $100. Do people really think LinkedIn is worth nearly 10 billion dollars?!

If you have an HSBC Credit Card, here is a security warning for you:

The website http://www.hsbccreditcard.com/ is not secure and their “Secure Login” is also not secure. You should always look for https:// in the URL to make sure that a site is secure. Just having the words “Secure” and  a padlock does not make the login secure.

If you are technically inclined here is the form source code from that page:

<form id=”login” method=”post” action=”" enctype=”application/x-www-form-urlencoded” target=”_self” onsubmit=”if (this.submitted) return false; this.submitted = true; return true”>

That means that the form is not even submitted to a secure page and it doesn’t even hash your password onsubmit. So if you do have an HSBC Credit card, use this link:

https://www.hsbccreditcard.com/

It is shameful that a large bank is so willy nilly about your security.

Today’s headlines:

“Oil falls to near $112 after bin Laden killed”

“Wall Street gains after bin Laden death”

What the.. Bin Laden’s death is somehow magically going to improve oil supply and make companies more profitable?