Coming Back Around to Social Media
The Facebook (FB) IPO is one is the biggest IPO disasters and worst-managed initial offering we can remember, but traders need to remember that the botched IPO is a technical issue and has nothing to do with the actual performance of the company.
When people lose money they get negative and the negative sentiment generated by the failed Facebook IPO could create an opportunity for traders to get long in social media, which is one of the fastest growing segments of the market. Social media is a battleground sector and we don't like battlegrounds, but it feels like the fervor over the FB IPO has subsided a bit and traders have shifted their attention elsewhere. We expect the bullish trends in social media to continue and the market will sort out the winners and losers as we go, but we believe this is a group that traders need to pay attention to and we expect to see opportunities in the sector develop once the risk-on trade comes back around....343 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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