ZYNGA MUST BE VERY IMPORTANT TO MERRILL/BAC-Why pick on a $3 stock?
With all the overpriced stocks out there....why bother downgrading a $3 dollar one?(cheaper buyout?)
Something smells very fishy. I say go contrarian on this one. Remember... MLynch is know for these tricks for a very long time. PICKING UP CHEAP SHARES!
I don't beleive this is being done for share buyback but for an outright buyout. Alot of people who bought when it went public and after at higher prices.... and held are screwed.(estimated buyout price=$8... and they know its worth substancially more! PRICE MANIPULATION) Ceasars, who will likely buy, will get a deal on znga and Ceasars shares will eventually skyrocket because of their acquisition. Just a thought.
Because I just put a ton of cash into a new account with them a month ago and it was the first big thing I bought, and also met with their investor folks who wanted to manage my money, but ended up not. Mehbeh?