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The Chartman

Taking Stock of Social-Media Plays

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The market needed a good week and it got it.  We identified the gap that needed to be filled a while ago, and thankfully, the Dow cooperated with a strong surge the past few days.

With that done, I’d now expect to see the market back to old highs.  We’ll see what happens after that.

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This past week, Twitter announced plans to IPO, so I thought it was a good time to look at past social media offerings, Facebook (NASDAQ:FB) and LinkedIn (NASDAQ:LNKD).

FB I’ve shown a number of times, avoiding it early on, but recommending a “buy” at lower levels.

I’ve never been a big fan of LNKD, probably because I didn’t use it much myself.  Shame on me as the stock has been strong and I’m using it a lot more.  I’d wait, though, before buying.

Back next week to see if the rally has any staying power!

What do you think?

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