I have never liked this stock, and I still don't. However, with all the negative comments, more than I have ever seen, can this stock now be due for the fabled dead cat bounce? A negative on that idea is that the expected Facebook decline remains in force. I would look for FB and ZNGA to bounce together. Long term, $14- Facebook is on the way. ZNGA is now due for a technical bounce unless you expect total demise of the company.
$14- FB is my initial target; it can certainly go much lower. When we had $14 ZNGA, my initial target was $9.50, which was taken out in short order. You study the charts, observe sentiment, and leave yourself open to revise your targets. You must also admit when you are wrong and exit a bad trade quickly. $14- FB is a high probability trade. Funny how ZNGA and Facebook were the darlings of the analysts. What do these people know, or are they completely corrupt?