I had to short this, there is no reason at all except hype at this ridiculous level. I don't dislike Zynga, but these prices are crazy. After the ER, I expect to see it back down to the $11 $ $12 area. It will be the easiest short that I have ever done, and I don't short that often.
Thanks, Great job to you too. I almost covered this morning at $13 but looked at the numbers again and realized that this still has more room to go down. I will watch it Thursday and Friday, my data has this floating around the 10 to 11 area soon. The plan is to cover then.
It's interesting that all these people posting how they shorted always tend to catch the top of the days trade. hummm, those shorties must be the best traders this world have ever witnessed.
man u are crazy why overbought ???? this is facebook power of money of potential clients ....where u find 880 mil potential clients >>>???? and do not compare with groupon or linkedin they suckss.....zynga is the best
If you looked into legalising online gambeling you will find indians and casino's currently in place are locking this market up zynga isn't a indian casino..so forget them getting a piece of this action...