Brother Facebook managed much better, but its downward spiral remains intact. Isn't it better for the longs to admit total defeat? Many cannot because of pride and ego. Hope also springs eternal. Will someone in this house please empty the garbage? It is starting to smell.
Znyga tanks because of the lost of faith in Social Medias stocks, not because of any problem. Right now, it is focusing on mobile and entering real money gaming. When either of these kicks in, we will soar. If both of them start working, we will be above $15.
What's the downside? The downside is mid Aug when the staff can cash in their stock. If they do, we may go to $2.10, $2.20. If they don't, we are flying upwards to $4-$5, just because it says a lot of what the insiders know.
And after August, we will start to stabilize and move upward. Longs need to hold tight and aim for $8 this year. My prediction is we will touch $8 and then rest at $6.50 by year end.
2013 will be different. With real money happening in international , we are heading to $10. And possibly with news allowing US to do real money gaming, we may head towards $15. Be positive.
If you are a bagholder from $11, you still have a chance. If you are a bagholder from $6, you will be silly to sell now. If you are a short, it really doesn't make sense not to cover now...any news can kill you. ------------------ GREAT POST,,,,,,,,,,,,,,,,,
Get Ready Bashers & Shorts coming after you !!!! :(:(:
According to my math, ZNGA will eventually be erased from the landscape, perhaps by the end of 2013. If you want to chase horribly performing stocks, I would suggest the leveraged ETF, TBT. It has been a real dog during the interest rate decline. Very few anticipate a rise in interests rates, which is one good reason why it will happen. TBT is essentially a short of the 20 year bond. It currently hovers at about $15-. I expect it to break $100 in 2013. The days of negative yields are over after the election. It is a much better bet than ZNGA, especially in light of the coming lawsuits. TBT is not for the faint of heart, but we have seen the low. It is a high probability trade. Interest rates are headed higher, and in dramatic fashion. This scenario is currently off the radar for most of the Wall Street "experts."