Don't get all lathered up that the Goldman Conference will push this into the stratosphere - it won't, and here's why: 1)The webcast/presentation starts tomorrow at 4PM EST -right after the market close. Everyone who thinks it's gonna go up as a result of news coming out of the conference will own the stock by 4PM, if they don't already own it 2)Nothing is going to come out of the conference - it's going to be a rehash of last week's earnings conference call (something might come out -but that's VERY remote). What 'new' news would there be to report from 6 days ago? 3) traders will be out of the stock by 4PM tomorrow, because they realize what I have just stated, and they will buy it back at a lower price on Wednesday or Thursday, when it falls after nothing new comes out of the conference 4) the stock is well overdue for a sell-off anyway, and the lack of news from the conference may be the catalyst for dumping it on Wednesday and/orThursday, 5) Any impact coming out of the conference will be in the hands of Goldman, the analyst of which may wait for the stock to drift lower before puting out his report, or may wait for a week or two to issue his 'buy' rec. The 'buy' rec is coming, but not tomorrow and not likely this week because of the run up in the stock price. The job of the analyst is to make money for clients, and to issue a buy rec when the price is attractive - so he will wait - at least that's my opinion, based upon years of experience.
First of all, I acknowledge and respect your commentary. I also see the possibility of tomorrow being a sell the news/no news. Thirdly, nothing goes strtaight up and sell-offs and consolidations are natural, even in an upside story.
However, I've also learned that this market is utterly unpredictable and that often the most natural rational play ends up not being the case, especially day to day.
You can try and anticpate, but when a stock has huge catalysts and has been put through the ringer as ZNGA has, anything is possible. We could see 3.20 or 4.30 tomorrow. Neither would surprise me all that much, but I'm staying long.
PERFECT. 100% CORRECT...DON'T FORGET THE CRAMER SELL RATING AFTER ALL HIS PUMPING (after the after hours tonite)..I THINK THE "HOODIE" WEARERS ARE NOT REALLY TOUTED IN THE BOARDROOM AT GS. OR ELSE THEY WOULD HAVE BROUGHT FACEBOOK PUBLIC..44:1 FORWARD EARNINGS...IS NOT CHEAP! FACEBOOK DROPPED ZYNGA....GUARANTEED GS UNLOADS SOME POSITIONS THIS WEEK...CHART SHOWS GAP AT $2.98...Gaps fill...Too much insider selling.....not good for the board..looks really bad....cya at $3 Friday.....GLTA If you love it buy it cheaper...like around $2.98..but Im a moron, idiot, buffoon...etc etc...sooooooo.......$$$$$$$$$$$$$$$ but I will take the money..
Sentiment: Strong Sell
you make it sound like zynga is a 25 dollar stock with a market cap of 10 billion dollars. goldmans clients have a minimum account balance of $250,000 and zynga is still so dirt cheap. refer to groupon chart.
Sentiment: Strong Buy
You're right -it is VERY cheap, but it has also run-up about 50% in the last week on 400,000,000 shares. I have a feeling that the buyers might be a little exhausted, and in need of a little sell-off to bring 'em back in buying it again.
With this stock, anything is possible. There won't be a short-sqeeze, that's for sure, as short-interest is so small, and my guess is that the shorts covered last week. "activist investors" aren't stupid, and like Goldman, will wait for a correction to step in. I hope I'm wrong about this, because I am long a big stake. I am just trying to educate the uninformed.