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inthemoneystock (< 20)

Predicted: Facebook Hype Spreads To Zynga, Groupon



May 14, 2012 – Comments (1) | RELATED TICKERS: ZNGA , GRPN

Last Thursday, I predicted a bounce higher in the social networking stocks like Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN). I described how these two stocks had been hammered with tons of shorts jumping on board. In addition, the Facebook IPO would create a bounce where easy money could be made.

Today, this prediction has started to come true. Zynga is trading at $7.97, +0.49 (6.55%) while Groupon is trading at $11.01, +1.11 (11.20%). This was a no brainer play and easy money for anyone who followed the article.

Gareth Soloway

1 Comments – Post Your Own

#1) On May 14, 2012 at 1:21 PM, drgroup (67.58) wrote:

Are you an owner of the FB ipo?

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