odonnellm66: Bulls make money, bears make money, pigs get slaughtered
I simply have a personal dislike for the company and the CEO. I am trading on emotions, which is seldom a wise thing to do. It is no longer simply about money--squeezing pennies. It certainly could be about pride and ego. I just want to be right. Perhaps, I am looking for some divine form of justice; so many people, shareholders above all, have been screwed by this outfit. The declining short interest doesn't disturb me at all. I suspect I will cover below $2.50-. If I leave some money on the table, so be it. I am also philosophically opposed to mindless and inane games--the modern drug of our youth. Not for my own son. Farcebook probably has much further to go down.
It's funny that you say you will cover at $2.50 because that's the point where I'm hoping to buy at. So, we have the same price target. Your trade will be complete with a big profit and mine will just be starting.
In the event of a broad market sell off, much overdue in my opinion, ZNGA can easily decline to $2-. True, the overall market is unlikely to decline until after the election, but we are still looking at a 50-70 million share day for ZNGA in the next month. I view ZNGA and Farcebook as essentially fads with unproven revenue streams. Furthermore, I am sick and tired of watching the general population fully glued to the screens of their mobile devices. Many navigate like zombies on the sidewalks of the average city. This is some kind of sickness. You will say this is all here to stay. Perhaps so, but I will maintain my naive form of idealism. Has conversation become a lost art, as we write in the cryptic language of 144 characters? Gentlemen, place your bets!