Why trade in a scam stock? Buy physical silver right now.
Each and every trade must be evaluated in terms of risk and probability. I see way too much complacency, even with ZNGA, a pathetic stock which has already been severely hammered. The bull dog still has considerable downside risk. It can and will break $2-. Silver has minimal downside and I anticipate $40 to $50 per ounce by late March of 2013. Of course this isn't a certainty, but it is what I consider a high probability trade. For the more adventuresome, short the 10 to 30 year Treasury. The prevailing mantra for three plus years has been, "Don't fight the Fed." There will come a time when more stimulus will only exacerbate the problem. The Chinese, among others, are increasingly hip to this reality. How do you define scarcity?
Dear Hegemony: That number would be $14.19, but it is the short syndicate which has profited handsomely, not I. My personal position is quite modest. You can ask the ex-wife where my liquid capital went to a great extent. I wouldn't even get bent out of shape if the bull dog moved back over $3-, which is entirely feasible. I just have never managed to short term trade successfully, and most definitely not day trade. I leave that to those more skilled than me. Thus, I only focus on the long term trend, and I think this stock is still in trouble, particularly when the next earnings report comes out. I will look for an erosion of cash assets.
But tis the season to be jolly. I wish all those who are members of the ZNGA religion--long, short, neutral, or just plain #$%$--a very Merry Christmas. I'm not sure you are allowed to use the word "Christmas" in these politically correct times. Just tell your kids you love them, and then show it. I used to tell my own son to do as I say, not as I did. Yes, there is extreme hypocrisy in that statement. A sober Christmas it shall be. Many weren't.