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Zynga, Inc. Message Board

  • odonnellm66 odonnellm66 Feb 16, 2013 3:39 PM Flag

    Golden Sacks, Bull Dogs, and Ketchup

    From Reuters:
    "Goldman Sachs group is cooperating with an S.E.C. probe into insider trading in H.J Heinz Co. before the food company announced it was being acquired, Goldman said on Friday."

    The S.E.C. filed suit and refers to an account in Switzerland as the "G.S. Account."

    It is remarkable how few want to comment on recent ZNGA action in terms of price movement and volume. There was a huge push in both just prior to the Golden Sacks public relations display. I still haven't received an adequate explanation as to why volume would mushroom to almost 100 million shares, and 48 hours later, yesterday, we have a rather subdued session where volume 27 million shares changed hands. I believe it is very important to know who is playing at this poker table. Anyone who believes short term action in ZNGA operates on an even playing field is nuts. Hence, the primary trend and patience are essential elements unless you just want to spin the roulette wheel inconspicuously loaded with lead. Golden Sacks participates in these fraudulent schemes because they know their chances of being caught, let alone suffer serious consequences, are remote. Their God is money, and the means justify the ends. Doesn't it all sound a bit like ZNGA's $600 million secondary offering?

    Sentiment: Strong Sell

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2.88-0.03(-1.03%)Oct 21 4:00 PMEDT