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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Nov 9, 2012 8:22 AM Flag

    What percentage of NASDAQ's net value is dominated by Apple Computer? ZNGA implications.

    In hindsight, NASDAQ will come to regret allowing one stock, the wealthiest company in the world, to dominate its exchange. In the current scenario, as goes AAPL, so goes the NASDAQ. We can take this line of thought a bit further, and suggest that as goes AAPL, so goes the U.S. economy. With Apple, we are talking about a quality company, with actual products of utility. This is by no means the case with rubbish like ZNGA. Apple is also a stock with extreme liquidity. Liquidity could very well become quite iffy with ZNGA during a major market rout, and the spreads between bid and ask would widen in dramatic fashion. The herd will simultaneously arrive at the consensus that the bull dog is a lost cause. This is coming in 12 months or less. ZNGA can and will vaporize its cash assets at warp speed. No matter, Mr. Pinus and his insider pals are already out at $12- and change, courtesy of the sheep. There's no mortgage on that Pacific Heights mansion.

    Sentiment: Strong Sell

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ZNGA
2.69-0.01(-0.37%)Oct 1 4:00 PMEDT

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