Hatred for Social Media Stocks Is Getting Extreme: Time to Buy?

By Sean Udall, Minyanville.com:

I was going to kick off this article with some of the economic vibes out of the EU, which are not that bad given that the world was supposedly ending just four to five weeks ago.

 But instead, I’m going to go out on a limb and mention the unmentionables. Nope, I’m not afraid to utter the words Zynga (ZNGA), Groupon (GRPN), Facebook (FB), and the like.  Actually for quite some time, the only one of these names I liked — or more accurately, saw substantial potential value in — was Facebook. I also have a call option sized position in Zynga, which in the $5s I thought I was stealing, and would quickly sell in the $6-$7 range. Wrong… Read more
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