Nor did I mention anything about rumors. I don't need tricks and gimmicks. I'm a solid investor with years of experience (and an actual portfolio to manage). What happened today wasn't economics or even logic. It was simple psychology, mixed with a bit of shady "glitches" in the NASDAQ trading system.
ZNGA is now extremely oversold. That last little uptick you see on your charts at the end of the day... THAT would be the smart shorts who took the last opportunity they know they will have to cover and take their profits. Good for them! That's what they are supposed to do.
As for the rest, I'm sorry to tell you that Monday is going to be a very gloomy day. Actually, I'm happy to tell you that.
FB... since you want to talk FB... was solidly vaulted today, which is why it closed ABOVE the IPO price. Keep in mind, the original range (and number of shares being offered) was a bit lower and had to be RAISED due to increased value of the company prior to the IPO. Despite this, the emotional day traders were hoping for some cataclysmic rocket ride to $88/sh like Google experienced. I was not in this group, not for one minute. I invest in ZNGA because it has a great company profile while tapping only about TWO PERCENT of the FB user market. There is nowhere to go but up.