I realize now i'm a clueless investor and bought in at this FB IPO into ZNGA. I'm now over 8,000 in unrealized loss. I ignored all advice and was waiting for the report yesterday to see a uplift in the stock and was planning on dumping it then. Obviously i screwed that up. We all have a sob story, but this was a big investment for my familys nest egg. I dont want to hear from pumps or dumpers,just honest advice how to exit and to stop the artery like bleeding before i lose everything. I've now blown a large my familys finances and unsure how to make my next move and dont want to be a bigger fool by selling today, or maybe thats exactly what i should do. I give up pretending to be an expert and finally wide open to advice.
Ford Plans New Pickup With Aluminum Body to Boost Mileage
hope this trends continues with all cars, and AA is the company of choice....
i understand now completely what you are saying. Stocks trading is like a drug, if i think over my lifetime i would likely have 30,000+ more in the bank from all the foolish stocks i have invested in. Come to think of it i have NEVER made money trading on my own, always foolishy thought i was smarter than those who just keep there money in the bank or invest in some deadend mutual. Hard lesson, and this is a game for the big boys. Appreciate your advice and looking for a exit... one to permently stay out of this emotional rollercoaster i've been living for the past 5 months or so.
If you hold for 12 months, you will maybe realize the benefit of doubling the price of your holdings based on current consensus projections. You will also receive capital gains taxation treatment. And this year's loss if it does not change will maybe serve you on this years tax filings by balancing out gains.
znga is going to drop even more once the margin calls from the brokers kicks in which is usually 3 days after you get a margin call so expect to see znga in and around 2.80 by monday.
a 45% drop in a day on a 1:3 margin is a potential wipeout of your portfolio + you will owe money to broker so they will do a force sell on any and all of your portfolio.
my advise bail tmrw mrning. ah are usually too low pre market is the time to get out.
Johnson & Weaver, LLP invites Zynga shareholders who are concerned about their legal rights and remedies, as well as others who may have information about the above, to contact attorney David Elliot at (619) 230-0063 or firstname.lastname@example.org.