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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Sep 25, 2012 10:21 AM Flag

    How Many More ZNGA Rinse Cycles Before the Longs Finally Get it?

    The buy and hold crowd is largely absent from current ZNGA trading action. Except for short term pump and price manipulation, the primary trend for ZNGA remains down despite its "bargain" price. Commitment on ZNGA stock is measured in days and hours, and the adept day traders and a few robots have done extremely well in the recent weeks. With each push, the longs vainly believe the final bottom is now in place, only to be disappointed by subsequent declines. I will reiterate that devastated and bloodied stocks are most easily manipulated with relatively small amounts of capital by the pros. Let's examine which groups have made money from ZNGA:
    1. Obviously anyone who remained short this stock. It has been a fantastic ride for the shorts.
    2. The very few who purchased at the IPO price and quickly exited near $14-.
    3. Mr. Pinus and pals, who sold $600 million at $12 and above via the scam secondary offering.
    4. Recently, the professional day traders/manipulators. You are playing with the big boys here.

    The biggest losers, bar none, have been the buy and hold crowd. As we close the year, watch for the fiscal cliff. Actually, it is a huge abyss, and it is being more or less ignored. Neither ZNGA nor Farcebook will react well to such an event, much worse than the market as a whole.

    Sentiment: Strong Sell

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    • I just dont buy that for a second than zynga raised 1.5b from the street and all of it is a scam.

      Social gaming and mobile gaming is here to stay and these small hiccups are great buying oppurtunities.

      Also your theory is full of holes since short interest is back to when they IPOed dropping 80%.

    • I just dont buy that for a second than zynga raised 1.5b from the street and all of it is a scam.

      Social gaming and mobile gaming is here to stay and these small hiccups are great buying oppurtunities.

      Also your theory is full of holes since short interest is back to when they IPOed dropping 80%.

 
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