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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Jun 24, 2013 12:04 PM Flag

    During the ongoing ZNGA death spiral, TBT just continues to go up.

    Look, ZNGA and Treasuries are definitely overdue for nice upward bounces, strictly brief technical rebounds. The thing is, I can't day trade with any consistent measure of success, and thus I don't do it. I only focus on the primary trend and remain patient, ignoring the day to day background noise. The primary trend for ZNGA is down.
    There are also some highly complex financial instruments out there, synthetic trading to name one. Large amounts of leverage are utilized, and even the MIT mathematical geniuses cannot accurately predict how they will behave under certain circumstances. The bottom line is that I suspect there are some major institutions, money center banks, which have been caught on the wrong side of this Treasury decline. When they are forced to unwind their positions, chaos can result. I would think it would start with a yield of 2.75% on the ten year. We are now at 2.59%. That's the big picture in this Ponzi scheme. Remember Lehman Brothers? Bear Stearns?

    Sentiment: Strong Sell

 
ZNGA
3.12+0.01(+0.32%)Aug 20 4:00 PMEDT

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