I suppose you could say that Pandora Media ( P) is one of the good recent tech IPOs. After all, the firm hasn't gotten shellacked like the rest of its peers, and until lately, the stock has looked a whole lot stronger from a technical perspective than most internet names. I'm inclined to agree. That's why Pandora didn't make it on my list of short-worthy social media names. >>3 Internet Stocks Ready to Move Higher But I still think that cash burn is a big enough concern to warrant selling Pandora. Pandora's burn rate weighed in at an annualized $64 million, nearly enough to deplete the company's post-IPO coffers in a single year. At the same time, the firm's reports earlier this month that listening hours are increasing means that royalty fees are going to be on the increase as well. With Pandora's model not mature enough to establish profitability in-line with listening hours, that's going to eat more cash. Even though the firm's debt-averse approach to maintaining a balance sheet is commendable, it also makes a dilutive equity offering a strong possibility in 2012. I also featured Pandora in " 4 Hot Stocks to Trade (or Not)."