Simple rule idiot buy low sell high. This WILL get back to it's IPO price. My guess once the money starts really flowing it will probably exceed. Where do you think the big casino guys are going to go when they want fun gambling applications? King? EA? I don't think so. Try having a vision. My CA average is $3.00 for 10k. My first buy was $6.50. Do you when @$6.50 I'm going to sell these? Hell NO. @$6.50 they will be selling at least a 50% discount. I love my $2.40 buy, just like I love my 50 cent Sirus XM shares. People who trade on what analysts and MEDIA publish will never make money. In 2008 when everbody was coming on CNBC, Bloomberg and Screamed at folks to stay away from the banks I bought. More money is made going against the crowd. Do you remember when FACEBOOK was "overvalued @ $38 IPO price. I sure do. Bought under $20 and have a good profit. Now tell me just how bad ZNGA is again?
Dude don't listen to these pundits. I too bought the bank stocks back then. BAC $5, MS $14, and ING $7. I love the fact just last week someone came on CNBC and said they all will double again. Love It.
People have been trying to short this stock at 2.50, 3, 3.50, 4, 4.50, and 5. There are a lot of people who thought that, at 2.50, the stock was going to zero! Yes, these brilliant "investors" thought that shorting a stock at or near book value was a smart thing to do. If you want to short ridiculous valuations, short YELP and ANGI.
YU, since the stock will continue to go higher and higher and higher.. Its about where they are headed not where they have been.. Don doesnt lose....... One game and were at the IPO price or higher.. which month?
OCT 2014... tick tock tic tock
i actually have to agree here. I am all in with Glu Mobile,,,but Zynga's #'s just aren't adding up if you ask me. I think the value of Zynga has been manipulated by the option traders primarily,,and i feel like shorting this stock is a good idea if it goes up anymore. I just don't see a profitable company here. Now Glu on the other hand, is BALLING!!!
GLU is not even in the same League as ZNGA in terms of Scalability and game quality or even monetization for that matter.. whatcha talking about willis.... IF your suicidal enough to short a Momentum stock about to go parobolic then good luck.. Don hates the short traders and will do what he can to drop the MOAB on your #$%$ when you least expect it... hence the early earnings release which was a huge beat, swamped the shorts that day and the stock has not had a down day since.
might as well give me your 50 grand we can go out back i can kick you in the bean bag and we can call it even.. save you some pain too...
Go look at the P/S ratio of some of the bigger internet companies. Znga's bottom is in. Frankly I wouldn't be surprised if market holds up to see the stock at 20 next year. Not kidding. Just go run the numbers on big social media companies. If Znga is a huge player in online gambling, that this price is CHEAP. The value of Znga is going up because institutions want in because new management and is clear its a turnaround play. you are too early if you are shorting here imo.