Sucker selloff from yesterday ended. We are heading towards $3.00
When you combine yesterday's Facebook's mobile user news and it's price recovery and the ZNGA anticipated gambling announcements next week, we are heading to $2.70s today and we have a perfect setup for a test of $3.26 by Monday. If ZNGA beats the numbers, then we are looking for $5.10 because of the short squeeze and retail buying. If ZNGA does not beat, then it will slide back to $2.75 level (it will not go back to $2.10 IMHO). Either way, if you buy at this level today, ZNGA looks very safe IMHO.