* 210M for OMGPOP
* $1.37M for CEO security
* Secondary Offer & Shares sold by insiders/outsiders
Looking at the 4Q report that did not do well, the 1Q will follow suit. The 1Q may meet or slightly beat, but sediment will be down causing the stock to tank again.
50 = May Puts 11 strike
King, I agree with the 1st quarter not living up to expectations, no one can provide a good reason for the elephant in the room. However, I think things should be good for the second with the help of FB's IPO.
My goal is to build a position a week after earnings, after the dust settles, unless some unsavory news changes my mind.
You may want to have a good pair of speakers so you can hear what is being said.
You just explained what I was pointing out to you. If insiders really thought the stock would tank, they would've sold a lot more instead of locking their shares for a longer period with the secondary.
"PINCUS still owns majority" did I say that he didn't? Hmmmmm, you are scattered in this discussion.
"Why would they have second offering to lock their shares for a longer period of time, if they thought this stock would crash after first earnings?"
The offering is designed to limit WHICH shareholders can sell off their stock and when. The developer calls this a move to "increase the company's public float," which basically means Zynga wants more control over its stock price. If every shareholder were able to sell right now, that could cause the stock price to plummet.
And I'm the one that needs education? Yeah, OK.
"sentiment" I should have proof read, sorry.
I understand there will be doubters, just like those that doubted the 4Q earnings. If the 1Q earnings are going to be so good, why did Pincus, Wehner, Schappert and many others sell prior? This is just a very small part why it will not fare well. I won't try and debate back and forth, I will let my post do the talking when Q1 is announced. PPS will drop afterward, that much I know.
*Mark this Post*