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How To: Swing Trading The Facebook IPO
The Facebook IPO is scheduled to debut late next week. This is possibly the most anticipated IPO since Google Inc (NASDAQ:GOOG). While the hype of Facebook makes it a high risk buy at the debut price, there are other ways to swing trade the social networking stock. Both Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN) are trading at all time lows. In theory, the hype of the Facebook IPO over the next week should lift these stocks as much as 10-15%. Considering where these social networking stocks are trading, this may be the smartest way to swing the Facebook IPO. The trade would be to buy these stocks in the next few days and sell the day of the Facebook IPO.
Gareth Soloway
InTheMoneyStocks
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DOMK is going to climb...
Their iPad solar charger attachment is coming out. No real competition. Trading in low-mid $3. Bargain.
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Facebook- Private Equity
Facebook to remain private, after a $500 Million investment from Goldman Sachs and a Russian investor according to the article I've linked to.
Both good and bad, in my opinion. Bad because all the people that use it can't invest in it. Good because it keeps him and the company's finances out of the spotlight. Facebook has filed seven "Notice to sell shares" Regulation D filings since 2005, (Facebook's SEC filings) and will soon file its eighth for Goldman Sachs. The investment could be strictly for growth and to allow them to remain private; or the company could be in need of capital to stay functional until its advertising revenue builds up. Average investors will have to wait until Facebook does go public to understand the company's financial situation.
In the mean time; the good news for investors; is that you can still buy shares of the company through Sharespost.com; a website devoted to creating a secondary market for private equities. The catch is you must be an accredited investor; as rule 501 of Regulation D of the 1933 Securities Act dictates. It is commonly believed; certain individuals of high net worth are more likely to be able to understand the risks associated with purchasing private equity. Currently you must be part of a corporation with $5 Million in assets, be an individual with over $1 Million in assets, or make $200,000 a year to be considered an accredited investor. Unfortunately the average investor who works a 9-5 job and uses the social networking site to stay in touch with friends will have to wait a little longer before they can buy a few shares. When the time is appropriate Facebook is set up to be one of the hottest IPO's so far this century.
According to Sharespost, Facebook stock has recently sold between $15-$25 per share, but is currently listed with bids between $44 and $50 after the recent transaction.
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Dave Landry's Market in a Minute - Thursday, 5/10/12
Random Thoughts
The Ps once again probed support but managed to survive. Still, the market did end over ?% lower.
The big arrow is pointing sideways. For those who don't understand my most favorite indicator, this means that the market has been trading in a sideways range. It'll look a little ominous when it is down towards the bottom of its range as it is now. However, it's important not to make any big picture predictions when it remains in the range.
So what do we do?
Continue to let the market guide you. Honor your stops on existing longs and trail your stops lower/take partial profits on shorts. Following the ebb and flow should help to automatically adjust your portfolio. I'm going to flesh this out later today in the chart show.
I'm still not seeing any exciting new setups at this juncture. This is the market telling me to stay out while it finds its way. And, it pays to listen.
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Intuit (INTU) - Quick Takes Pro Chart of the Day
May 10, 2012 - Intuit (INTU)
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Barchart.com's Chart of the Day - Walt Disney (DIS)
Barchart.com's Chart of the Day - Walt Disney (DIS) for May 10, 2012
The "Chart of the Day" is Walt Disney (DIS), which showed up on Thursday's Barchart "All Time High" list. Disney on Wednesday posted a new all-time high of $45.80 and closed up 1.63%. TrendSpotter just turned Long on Tuesday at $44.30. In recent news on the stock, RBC Capital on Wednesday reiterated its Outperform and raised its target to $50 from $45, citing the likelihood that its successful Avengers film will spark strong sequels and boost the momentum of other Disney movies and character franchises. Disney on Wednesday reported Q2 EPS ex-items of 58c, above the consensus of 55 cents. Disney, with a market cap of $78 billion, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, StudioEntertainment, Theme Parks and Resorts, Consumer Products and Internet and Direct Marketing.
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Wells Fargo (WFC) - Quick Takes Pro Chart of the Day
May 8, 2012 - Wells Fargo (WFC)
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China Plays
China Nepstar Enters Into Strategic Cooperation Agreement with ATMU to Install More Than 1,000 ATMs in Nepstar Stores
SHENZHEN, China, Nov. 3 /PRNewswire-Asia-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD - News; "China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that it has entered into a strategic cooperation agreement with ATMU (China) Technology Co., Ltd., a subsidiary of ATMU Inc., one of the largest ATM operators in China, to install ATMs in Nepstar stores.
This cooperation will not only provide convenience to customers and generate rental revenue for China Nepstar, but will also help increase store traffic and accelerate the development of electronic payment services at Nepstar stores. ATMU plans to complete initially 1,000 ATM installations in China Nepstar's existing stores by end of 2010.
ATMU Inc. is one of the largest ATM operators, ATM media service providers and ATM maintenance providers in China. ATMU Inc.'s strategic business partner, Postal Savings Bank of China, is the fifth largest commercial bank in China. Established on what was the financial services network of the China Post Bureau, Postal Savings Bank of China provides full commercial banking services to more than one billion residents in rural and urban markets across mainland China
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Fertilizer Stocks
I just saw a streaming news article about fertilizer stocks being out of favor, as if some kind of bubble has burst and everyone let's run for the hills. These talking heads are supposed be professionals, aren't they?
If you look at the charts for POT, CF, MOS, AGU, etc. you'll see that they have been in an uptrend for 3+ years with higher highs and higher lows the whole way.
It's not as if we're going to replace food with something different, the way we replace our SUVs with Priuses.
Automakers and banks "fell out of favor". Fertilizer stocks are taking a breather before the next surge. Enjoy the breakout!
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Re: British Pound / US Dollar Trade Setting Up
Probably the better trade is short the EUR/JPY currency pair.