If you want to know how ZNGA chart will look 100 days out, go look at KERX.
Small Pop Early January, then consolidation with shorts scratching their heads. Then 4 following pennants with 3 bear traps over the course of 3 months then the squeeze today. Rinse, Lather, Repeat. It's how it's done. Remember institutional money doesn't miss out on an opportunity like this.
They will Churn, Pop & Drop, Fake Out Before Break Out, and then let her run.
Hey "W," long time no see. I've decided to put my shares on autopilot. No need to buy more, and I bought ZNGA for my own reasons, which I believe in. Now with a new CFO, COO and Doerr, ZNGA looks like it is finally on a professional course. These three people and the rest of the ZNGA team need time to implement the next steps. What happens to it on a daily bases doesn't concern me. It will move up and then down, but always higher. ZNGA will make money and will have value. In my opinion, ZNGA is still a strong buy up to $4.50. BTW, like, "Fake Out Before Break Out." No truer words.