but there's renren, which means everyone in chinese. now, even without facebook in china, the social network's impending ipo is having a halo effect on the country's tech stocks. it's boosting their share prices. for example, since last thursday's close in the u.s., renren, listed on the new york stock exchange, jumped 51% through the early part of this week. and sina, listed on the nasdaq stock exchange, its shares are up about 18.5% through today. now, the belief here, a rising tide floats all boats. and with expectations of a successful facebook ipo, there's more speculation on other industry players even halfway around the world. >> fascinating, isn't it? sort of has a bit of bubble written all over it when you get the halo effect coming through. let's get back to renren, the facebook of china. how does it stack up? if you put it side-by-side with facebook? >> doing a face-to-face comparison of the companies. it's clear that renren has a lot of growing to do to compete with facebook. first off, looking at revenue. as of the third-qu

also renren, that's another we mentioned before. having run up into the facebook filing. that stock is higher in the after-hours session by more than 3%. all right. let's move on here. interpublic group has what a lot of others want right now. that is a slice of facebook. it sold half of its holdings ahead of the filing. michael roth is with us now. also has another event coming up. that would be the super bowl. pete, turn off your phone. good to see you. you made a $5 million investment back in 2006. you sold half of it not that long ago. august of 2011 for $133 million. that's a fantastic return. but at that time you saw what facebook -- you probably had a good glimpse as to what facebook was going to be. what it was going to do in terms of going public. why did you choose to sell at that time? >> we're not a mutual fund. when we made our investment in facebook, it was for strategic reasons. we wanted to learn something about facebook. there's this new entity out there. how can we help them and learn something? we did that. when it no longer became strategic and it grew

. >> caller: my undervalued stock is renren. >> you will not get me to recommend any chinese stocks otherryl in florida. >> caller: a nostalgia boo-yah back to the '50s when the phillies played at shibe park. >> oh, man, baker bowl. go ahead. >> caller: jim on december 16th richard heckman was on your show and provided a very optimistic future for hek. it has fallen 25%. what the heck is happening to hek? >> between the heckling that i get for apple, and i said it was just another stock after steve jobs died, and tat heckman interview, would i take that back? i have a long-term view that heckman's good. i wish people would understand that speculative stocks can go down. i believe in heck, but if you don't believe in it then get the heck out of it. >> let's go to deacon in michigan. deacon? >> caller: jim, a big boo-yah from the great state of michigan and once again the motor capital of the world. >> oh, yes it is. yes, it is. some of the republicans are fighting over the idea that it was good to keep the auto companies alive. what's on your mind? >> well, with oil and gas exploration in