My goodness if you had a stock trading 400% below your target--I'd put every last one of my clients in it if that was the case and put out daily strong buy recommendations. I mean we are a long long way from that. He should put a substantial amount of money where his mouth is. Are his Wall Street buddies on his page--well they make him look dumb? I mean that would be giving apple a 1700 target today.
yeh, but today he was on national TV, after they have a few fires uner their burner; Nevada, New Jersey, UK, stock buyback, posted numbers that beat last quarter, and look at the Form 4's with all the buying, - but the most important reason is the guy they hired to run their gAmbling operation; not to mention their 300 m users,, 300k daily online poker players "socializing", their connection with FB's 1 billion users, is it any wonder
Sentiment: Strong Buy
If all the online gambling deals pan out in the direction of Zynga, $17 is a definite. Even if it only pan out in certain area, Zynga will reach $8-$10 this year at some point. $17 is just a matter of time.
Dont forget it reached $15 before , without any intention to go online gambling.
I think $10 is easy. Think about Powerball Lottery - every state wants to get in the big pot of money. The same as Internet gambling, every state wants to get in now or later and so far 2 states (NV, NJ). There will be more states to come.
Good Luck Long