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Zynga, Inc. Message Board

  • slobbermutt slobbermutt Jul 26, 2013 11:26 AM Flag

    Amazing the Drop isn't Greater.....Big Player Accumulation

    Considering the volume and the quite negative remarks of the Conference Call yesterday, I would have expected the shorts to have dropped the share price to $2.50 by now, at least. One might begin to suspect that their is some serious money going into accumulation here.

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    • Maybe the fact that there was no share buyback, hence management is hording 1.5 billion dollars has something to do with why someone might be accumulating shares. Just for kicks, FB buys ZNGA using their stock for currency, fires the incompetent management team and maybe another 20% of the work force, FB walk away with a company making a ton of money a day and 1.5 billion dollars. You don't like FB pulling this off, plug in another company. Yesterday was the kiss of death for ZNGA, management told everyone they didn't want to play with real money, well Wall Street is about real money.

    • slobber; i agree with buyer accumulating theory and also shocked this not @ $2.50. see my previous post.

      Sentiment: Strong Sell

    • I am amazed as well. Thought for sure would see $2.50 or below...remarkable that it has seeming support at $2.85. But who knows what's really going on in the background. This could be related to $3 options.

      Sentiment: Strong Sell

    • Um, this isn't a $40 stock and this is the first day of the drop. People will come in to scoop up shares hoping for a pop. Will drop to $2.50 before it finds a bottom.

 
ZNGA
2.69-0.01(-0.37%)Oct 1 4:00 PMEDT

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