Monday, August 20, 2012

(FB) Filling The Pre Market Gap - (GRPN) WSJ cover story

(FB) Facebook
Filling after an upgrade - Contra Trade - Upgrades cannot hold up Facebook

Facebook --- Capstone Investments Upgraded to BUY (from Hold)- Price Target: 26
Aug 20 at 08:26

Capstone Investments upgrades FB to Buy from Hold and sets target price at
$26 saying they believe that the FB shares' 16X '13E EV/EBITDA multiple
provides investors with upside to the Company's core business and potential
returns from new businesses the stock price currently does not give the Company
credit for.
(GRPN) Groupon 
Headline Story on the WSJ home page WSJ(8/20) Groupon Investors Give Up Aug 19 at 00:00

Some of the early backers of Groupon Inc., including Silicon Valley
veteran Marc Andreessen, are heading for the exits, joining investors who have
lost faith in companies that had been expected to drive a new Internet boom.

At least four Groupon investors who held stock in the daily-deals company
before it went public have sold or significantly pared back their holdings in
recent months. Since its initial public offering in November, Groupon has shed
more than three-quarters of its stock-market value, or about $10 billion.

Groupon's plunging stock price, and the swooning shares of Facebook Inc.
and Zynga Inc., have rekindled memories of the dot-com bust in 2000. Unlike many
dot-com era start-ups, the current companies have healthy revenue and in some
cases are turning a profit -- but their results aren't matching early

 ***DISCLOSURE: Short (FB) (GRPN) From Pre Market Levels

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