I posted a while back to buy beaten social media companies stock.
Back then facebook when it was at 22 range. Recently the stock hit over 30. I had a stop loss in at 26, and closed my position. if Facebook comes up with a new micropayment model to infuse money to its user, the stock should explode significantly higher in the year ahead. Who knows if they will do something so significnat.
Zenga was at 3, now at 3.38, I am going to hit out 2/3 of the position now purely because I am nervous. I'll put other 1/3 at 3 to stop out. It would not surprise me at all that ZNGA moves up to 4.50, but who knows.
Grpn is back to same place as bought, about 5.50. I wish I watched this stock closer and hit out at 6 recently. I'll problable dump entire position, I have no faith in Grpn model.