I would appreciate any factual informatiom that might help me for this unwarranted big downturn today
well for one reason its not fairly valued at p/e ratio of 120
at $10 its priced to perfection, we all know zynga has been misexecuting and missing its subscribership numbers they are tanking and going down!!
also one month from now they will also be reporting financial numbers from 4th quarter in about 35 days from now,
no doubt it will be more sell on the news rather than buy on the news reaction to the anticipated priced to perfection or "reality" of something called competition.
also pay particular note to the double confirmation signal; high volume selling pressure of nearly 10 million shares; one definitely does not want to get caught under a falling knife on this IPO.COM.BOMB!!!
also look at the Bollinger Bands and PAR curves its starting to look ugly even on the technicals, short this baby for some quick profits!!!
The drop today is because of Disney/Playdom releasing the Marvel Superheros game on Facebook...
Bought in today at 8.01, holding long term!
Why can't u idiots learn?
wait and sell at the bottom.
i will be waiting to buy your shares.
They're out to get you.
Stupid fookrs were stupid enough to buy at the inflated IPO price. Price heading down to true value in $2-$3 range. Growth/players in Zynga is overinflated by a factor of 3 at least since most Zynga/Facebook users have multiple accounts to acquire freebies daily to enhance their players. Facebook will keep this all hush hush til a year after IPO when the chit hits the fan and they admit the number of facebook people were grossly overestimated (as well as corresponding growth). Of course, MZ needs to cash out first of course.
WS realizes 5.6B market cap is way too much. More realistic is 500M-1B market cap and stock price range of 81 cents to 1.62 is a better valuation.
Because stock value is really 6.50, so guess where its heading!!!!!!
the real reason is that Social Media stock are completely out of favor. Look at SINA YOKU GRPN.
Facebook ipo may revive this group but the whole social media idea looks completely dead now.
ZNGA has no grea p/e like GOOG and when stocks have no P/E and they go out of favor in the investment community (i.e. Goldman, Morgan Stanely, and big funds) they could really fall hard.
The only hope is left is the Facebook ipo.
because you bought it.
If the stock was priced to high to begin with, this downturn would be completely warranted correct?
Hey !Thanks for providing me no info except for your nonsense comments and unrelated to why the stock is down today
Morgan Stanley bragging about it's holdings on Friday.
Yet stock was still down on Friday on an up day.
They must want out real bad.