Social Media Stocks - five months later

On August 15th I posted "Social Media Stocks".  In that post I called for a bottoming of the social media stocks beat up so badly.  My biggest error, being such an IT person, is to buy that day, and not roll into the stocks over next couple months.

In any event, the play is shaping up good.  Facebook is significantly higher than that day.
Groupon is about break even from that day.
ZNGA, well, its down percent wise still pretty decent, but looking to be firming up.

If you bought these stocks, time to start placing stop losses and looking for an exit.
I posted then, and still continue to believe, holding long term presents significant risk in these companies.

With that said, there is nothing wrong with adjusting stop losses periodically upwards and continue to let it ride higher.  You may get severely punished overnight with news causing stock to open down significantly.  But when isn't that possible?

Below are the charts, with the red circle on when I called for purchasing.  Good luck.

Social Media Stocks

Today I bought some stock in Facebook, Zynga, and Groupon.
It is a risky play, all have questionable business plans to increase profits.

All have been recently brutalized by the market, and FB and ZNGA have seemingly stopped the stock freefall.  Facebook insider selling can begin August 16th, quite likely the end of the selling is soon.  (Thanks greg)

Below is their charts.
I do not recommend any as a buy and 10 year hold, more like buy and think every week how crazy or genius is it to own.  These stocks have a few things going for them, Social networking is here to stay and they have hordes of cash.  I see social network transforming in the decades to come.  With their positioning and cash, surprises to the upside are not unreasonable.

Groupon by far is the biggest risk, but also most to get reward if they can do ANYTHING positive!