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Zynga, Inc. Message Board

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  • odonnellm66 odonnellm66 Sep 25, 2012 1:27 PM Flag

    hit my stop 2.86!

    I too have been fooled by supposed randomness any number of times. The wise trader takes his pain quickly. Keep in mind, there are any number still holding this stock at $12- and above. Many have the mindset that does not allow them to take a loss of any kind. I learned these things the hard way. If only Rosa Gutierrez were here. She was quite prolific with her posts of late, that is, until the decline gathered steam, and she is now licking her wounds. Recent price action in this stock is highly suspect, and you know my opinion. Last week's moves were manipulation plain and simple. This is how the casino works. True price discovery only occurs over an extended period of time. Push/Shove/Rattle & Hum

    So, cue up "Summer's Gone." It's an appropriate theme song for ZNGA. Brian Wilson is a melodic genius.

    Sentiment: Strong Sell

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    • Hey thanks for the advice.

      Stops are not strict rule in my books.
      Stops are used only in situations I have very less conviction in my position.

      If I know the business in and out also know the reason for the drop then I can hold through a loss.

      There is no point in holding a stock which is in the middle of a business model change, znga if they can transition to diversified company with 35% from fb, 35% mobile 30% gambling, then this price is cheap.

 
ZNGA
2.86+0.09(+3.25%)Jul 22 4:00 PMEDT