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8 Stocks Set to Soar off Facebook's IPO

Large-Cap Social Networking Plays

Some of the well-known large-cap social networking stocks could also catch a solid bid if the Facebook IPO goes gangbusters on its debut. Some names to consider are Yelp (YELP), which develops apps that connect people with local businesses.

Another is a name a mentioned earlier, LinkedIn (LNKD). LinkedIn operates an online professional network, and the company recently upgraded its mobile app to further entrench itself into social networking.

Zynga (ZNGA) is another potential Facebook sympathy play. This company makes social-networking games that are used with Facebook, including Farmville, Words With Friends, Zynga Poker, Scramble With Friends, Chess With Friends and Drop 7.

What I love about all of these names heading into the Facebook IPO is that they are heavily shorted. The current short interest as a percentage of the float for LinkedIn is 11.2%, for Zynga it's huge at 51.9%, and for Yelp it's around 14%. These stocks could easily see some sizeable short-squeezes if Facebook soars on its opening day.

Look to jump into these stocks and make some fast money if you see some pin action off the Facebook IPO.

To see more Facebook IPO sympathy and derivative stock plays, including Vringo (VRNG), Groupon (GRPN) and Sky Mobi (MOBI) check out the Facebook IPO Sympathy & Derivative Stock Plays portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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Stock quotes in this article: FB, RENN, QPSA, FFN, ZAGG, SKUL, LNKD, YELP, ZNGA 
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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