I don't understand how even the most optimistic cheerleaders on this message can stay positive. The DOW went up almost 900 points and the NAZ flew as well in last two days, and ZNGA lost 2 cents. I should taken my losses on ZNGA and bought GLUU yesterday at noon Pacific when it hit $4.02/shr. I'm a du mass.
It will not participate substantially in any up or down market, because it is beaten down to its near book value and the only thing will affect it is if it produces profit. For that you would have to wait quarter to quarter and see.
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It also held up well on the worst down days of the year. Its condition is pretty much immune to the market condition, since it has been beaten down to near its book value. The only thing that can cause it to move up and hold is showing profits. That might come in the near quarters.
Sentiment: Strong Buy
At less than $2.50 a share, the institutions see a great potential for higher prices. The only problem is since they purchase massive quantities of the shares, they see large enough profit to sell when the shares go up just a few cents. Eventually, whether institution of individual, selling at this or a few cents higher will prove to be a wrong move. - particularly now that, as I had predicted, the market sell off did not persist.
Sentiment: Strong Buy
Big money loaded up in the past few days again from retail distress sales. Something is back on the table. 80% is a bit too high IMO, 40-60% was the norm before so why would they double up with MP at the helm?
As Zynga continues to demonstrate its expertise at developing "top shelf" or "best in class" casino-type games (call it whatever you wanna call it), and its proficiency at generating revenues from games such as slots, blackjack and poker, this little tidbit hits the news desk. I wouldn't be surprised, with China's struggles on the Macau effort, to see a partnership sometime in the near future whereby Zynga begins to realize some "real" revenue from an RMG partnership - hopefully, something like that is in the works...one can only hope. Note the word "Global"...and, yes, odonnell66, I know I may be reading something into nothing.
Zynga's Chief Financial Officer, David Lee, and Senior Vice President of Games, Lincoln Brown, will attend the Canaccord Genuity 2015 Global Online Gaming Conference in New York on Wednesday, September 9. Brown will participate in a panel discussion on social casino games that is scheduled to begin at 8:00 a.m. Eastern Daylight Time (EDT).