Social Networking Stocks Trading Alert; BIZZ, ECDC, LNKD, STVI
Social Media ETF on Horizon for Investors
POINT ROBERTS, Wash., Aug 02. - InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stocks for trading August 1, 2011.
Global Funds recently filed with the SEC, plans for the Global X Social Media Index ETF. The Underlying Index tracks the performance of the largest and most liquid companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications.
Social Networking Stocks Trading Snapshot
Bizzingo, Inc. (OTCBB:BIZZ) surged 18.20% to $0.65 on over 29K shares. Last week, it was announced that Bizzingo (OTCBB: BIZZ) has engaged the services of IBG, heralding an imminent rollout of Bizzingo's one-of-a-kind 'business-meets-social' networking.
East Coast Diversified Corporation (OTCBB:ECDC) fell 0.93% to $0.02012. In June, the announced plans to develop a portfolio of GPS related commercial and social networking mobile applications under its new division, EarthSearchMobile, Inc. Current estimates of cell phone users in the United States are projected at 300 million, with 5 billion total world-wide users. With a majority of these phones already enabled with GPS tracking technology, EarthSearchMobile will look to apply a number of commercial and consumer GPS tracking and social networking applications for this already existing hand-held market.
Linkedin Corporation (NYSE:LNKD) gained 3% to close at $104.05. The company is scheduled to report its quarterly earnings on August 4. Revenue is expected to rise to $104.45 million. That compares to $93.9 million in revenue in the quarter that ended in March, a period in which it showed a net loss of $2.1 million.
Snap Interactive Inc (OTCBB:STVI) moved 8.335 to $1.17. Snap Interactive, Inc. owns and operates dating applications on social networking Websites, as well as an online dating Website. In March 2009, the Company launched Are You Interested? on the iPhone.
DIGAGOGO VENTURES CORP (Public, OTC:DOGO) fell 0.80% to $0.496.
SINA Corporation (NYSE:USA) (Public, NASDAQ:SINA) fell 1.31% to $106.67.
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East Coast Diversified Corporation, EarthSearch Communications(OTCBB: ECDC)
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About EarthSearch Communications (OTCBB: ECDC)
EarthSearch Communications, an ECDC Company, is a US-based business whose flagship product, LogiBoxx(NYSE:TM), integrates GPS and RFID at the hardware level. When combined with its proprietary Global Asset Tracking and Identification System (GATIS) middleware, LogiBoxx and GATIS become the centerpieces of a LogiBoxx Certified Solution. An unprecedented business decision-making tool, a LogiBoxx Certified Solution offers continuous visibility within the Supply Chain, Logistics, and Asset Management and Control industries. Along with its integrated, patent-pending GPS and RFID technologies, EarthSearch also offers a complete line of innovative RFID solutions. Its expertise with GPS and RFID technologies, combined with exceptional support and service facilities, distinguishes EarthSearch as a leading manufacturer and supplier of real-time location solutions in the marketplace. For more information on East Coast Diversified, visit www.eastcoastdiversified.com or www.earthsearch.us
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