WebMediaBrands (WEBM)

[aquaspin]

WebMediaBrands:

One stock that could benefit big off of the social networking boom we're seeing with LinkedIn is Internet media company WebMediaBrands(WEBM_), which provides content, education, trade shows and online job board services for media and business professionals. WebMediaBrands operates in a very similar space to LinkedIn. So far in 2011, this stock has traded pretty much flat, but shares rose as much as 13% yesterday on heavy volume.

WebMediaBrands has a market cap that pales in comparison with LinkedIn's, at only $61.91 million. The company just made an interesting $14 million acquisition of Inside Network, a research provider and blog network for social and mobile app developers. Clearly it sees the growth opportunities in social networking. Inside Network's properties include the blogs Inside Facebook, Inside Social Games and Inside Mobile Apps.

From a technical standpoint, watch for shares of WebMediaBrands to break out over $1.89 to $1.97 a share on big volume. If you see volume on any future breakout that tops the three-month average volume of 259,000 shares, then look to buy this stock. You could also buy now on any pullback and anticipate the breakout with a tight stop.

http://www.thestreet.com/story/11127941/2/stocks-to-play-the-social-networking-bubble.html