FriendFinder Networks Inc.
After Zynga (NASDAQ: ZNGA) beat the estimates of Wall Street with its recent earnings and is up sharply, investors should heed the advice of Chuckie D of Public Energy: “Don’t believe the hype.”
The social media sector consisting of companies such as Zynga, Groupon (NASDAQ: GRPN), Angie’s List (NASDAQ: ANGI), and FriendFinders Network (NASDAQ: FFN) is lacking in one key ingredient: an economic moat, which protects the business more »
The Big Wave Trading margin and retirement accounts remain fully invested. There have been two distribution days in the Nasdaq in the past week but the selling has been orderly. While we remain cautious on new positions with the market in a non-stop uptrend, we continue to ride the trend higher. We do not know if the market will or will not pullback. We can only prepare for both outcomes more »
Big Wave Trading Margin and IRA accounts remain nearly fully invested (85%-95%) as our Market Model remains under a full BUY signal. That signal was triggered on 1/5/12. Big Wave Trading is currently watching the current pullback to see if it will result in a short-term top or a normal pullback that will lead to a resumption of the current uptrend. As of Friday, there are no more »
Overshadowed by financial media coverage of hot internet IPOs, many companies that recently went public are not receiving their due praise, especially from retail investors who are exposed mainly to news regarding Facebook, Groupon and other web 2.0 brands.
Largely driven by the downward spiraling conditions in the Euro-zone, the global IPO market dropped by 29% in 2011 as only 338 new companies went public. Furthermore, in contrast to more »