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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Jan 18, 2013 9:04 AM Flag

    ZNGA: A Comedy of Errors

    Admittedly, I have zero feel for where this stock moves today, especially in light of options expiration. I'll leave that to the big boys and the day traders. I focus only on the primary trend. I believe the coming earnings announcement will be problematic. I fully believe the cost of operations currently exceeds revenue. Wall Street is unlikely to buy into the notion, "We are in the process of developing a platform for legal online gambling." I feel certain this stock will not tread water much longer. Something gives, and sooner than later. There are a host of challenges to make online gambling viable. Big government alone is a huge impediment, and they can easily run the casino themselves. Why allow some young upstart into this fertile territory? Governments discourage monopolies, unless they just so happen to be running the show themselves. Strapped state governments will do exactly that.

    Sentiment: Strong Sell

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