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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Jun 14, 2013 10:47 PM Flag

    ZNGA: Trade Options on a penny stock?

    CNBC thinks so. You might as well get a copy of the racing forum and bet on the ponies. These guys are pretty slick, straight out of Vegas. Completely missing in their spiel is any fundamental analysis. Nonetheless, write some covered calls. This stock is a straight up gamble anyway. One point should not be ignored. The next earning report might reveal losses well beyond guidance. Short term, it costs a lot of money to shutter offices and get rid of employees, all 520 of them.

    Sentiment: Strong Sell

 
ZNGA
2.50-0.03(-1.19%)Sep 1 4:00 PMEDT