I almost literally bet the house on a theoretical correlation between FB and ZNGA, and now my net worth looks like the Z charts over the past two months.
The only thing I'm interested personally, is a tangible correlation that's demonstrated through charts, graphs, and math and most of all? Stock prices.
Wish I could do a side by side. Basically, here's what this says to me. Nothing personally. Pandora has gone through the roof at the exact same time ZNGA has gone through the floor.
Don't know about you, and to each his own, but when if anything we have an -anti- correlation demonstrated by the charts, I hope you'll understand why I just don't care about theoretical correlations when the charts seem to suggest the exact opposite.
Sincerely, am I missing something demonstrated in actual stock prices? Theoretical "should be" correlations have not served me well or many of us around here since mid-march, when it comes to the value of our individual portfolios.
I'm sure you can chart the side by sides better than I can pull it out for you.
When charts math and graphs demonstrate a positive correlation? I hear you. Until that's reflected in the price of P and Z relative to each other, not so much.
live, if you are long, just a suggestion why don't you wait for your "risk" trade until it hits more like.....well 8.00 a share? The only way I would enter this stock is if it got lower and started a position about 8 to 10 days before earnings.
Now enter FB, still looming in the shadows....P stock just might not get the run up people think into earnings. Oh, and just slipped my mind...."Greece""Spain", shall I go on......
I have about as much "risk" as I can stand now....bet the pharmacy is making a bundle on Zanxax! Now there is a trade...HHMMMMM!