Anyone considering buying ZNGA should be urged to get in EARLY today.
The combination of the upgrades, the Apple effect and the short covering as a consequence of those will likely make this a monster day for ZNGA.
I'm starting to think you win this one.
I'm also thinking this is a prime example of why everyone hates Wall St. and feels the deck is stacked.
You had asked where the shares will come from....
Well, I think we're seeing where....
Looks to me like they've been taking out stops all day in order to build an inventory to sell to their clients in conjunction with their come-on upgrades.
I don't have much hope at this point that ZNGA won't be manipulated whichever way these guys want to play it regardless of how well or poorly the company actually does.
Is that lunch time in NY or HI?
All the upgrades and Fed on hold til 2014...and STILL can't get it up?
Perhaps social media stocks hit by rumor FB IPO imminent. Evidently trading FB shares on 2ndary mkt frozen for 3 days. If true, it will surely sap money parked in these social media wannabes.
<<Is there something significant about this January 25th date>>
Well I found one significant thing. Apparently the IPO underwriters cannot issue research until the 40th day after the IPO and this is the 40th day; hence, so many calls on the stock this morning.
<<when is the lock up expiration>>
Every article says May 29th except this one below by CNBC, which says January 25th. I am still seeking an explanation.
Cause the underwriters come out in unison with their upgrades?
Maybe for a day or short swing trade.
Will laugh if it is neg by end of day.
Again, latest data is that the new games are not as popular, games are a trendy business, the other major players are entering the Internet-game mkt with free games which will ensure low profits while the mfrs duke it out for mkt share...while we wait months/years for real money gambling.