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Several Internet stocks are heading south in response to Google's early Q3 report. Facebook (FB...

Several Internet stocks are heading south in response to Google's early Q3 report. Facebook (FB -2.8%), Yelp (YELP -2.7%), Groupon (GRPN -2.8%), Zynga (ZNGA -1.6%), and LinkedIn (LNKD -2.1%) are among the casualties.
Comments (4)
  • MLNX is headed further south as well. Great coverage by fellow SA writers Akram's Razor as well as Brian Nichols !
    Could be next QLGC or STEC. Sub 50 soon!
    18 Oct 2012, 12:58 PM Reply Like
  • How far south to you estimate FB will go as part of this internet group? Could it be a double whammy with FB expirations coming soon?
    18 Oct 2012, 10:15 PM Reply Like
  • apple is about to take a big hit on its earnings i see stock dropping to the 550 range by next week. Get rid of it and start investing in gld and slv. This economy is doomed. cmg, ko, goog, mcd all top companies missed on earnings. This is early sign of how bad this economy will get they are gong to have to put a lot of money in the market to turn this around. The recession officially started.
    19 Oct 2012, 02:02 AM Reply Like
  • It had to happen some time; perpetual QE does nothing but paper over the cracks, while devaluing money! Anybody have any hope that the politicians will try something different this time?

     

    Contrarian, I first thought FB a 5$ stock, but now I'm wondering if I was too generous, especially having found out just how enormous the extra shares burden will be. That said, there's still a lot of enthusiasm out there that I expect will push prices back up if it ever drops to the 12 or 13$ so many pundits have projected. I wouldn't now go long at anything higher than 3.50$, but short term, it could be worth a flutter if it does drop below 12$. Cue the attack of the FB trolls!
    19 Oct 2012, 08:37 AM Reply Like
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