OpenTable (OPEN) was way over valued in 2010. This year the stock is coming back down a more reasonable level. The bad news is earnings estimates just got slashed too, so you can’t trust the stock.

OpenTable (OPEN) tripled within the past year — then dropped 25%. The chart shows a roller coaster, but that’s in the past. Here’s what OPEN looks like now.

OpenTable (OPEN) is expected to make $1.09 this year. The stock is $89. The P/E is 82. Seems like it would fall in a down market like this — that maybe one could short it — but this stock has to be respected.