I don't think so, but food for thought. The gambling sector as a whole has done well, very well since the end of February. I think what we are seeing is some basic profit taking. As for Z & G there hasn't been any press, no updates. It can make holders of these stocks a little edgy. We are left to speculate. The mantra has been "be patient." So, to give a target, I say focus on July/August. If the stock price remains in this low area then start questioning. I think we will see around $5 by then. More importantly, we should see great things by the end of the year. It will take time to organize online gambling and for the states to approve it. Also, new mobile games will be rolled out during the summer.
Lee, I forgot if you read the 1930's article yesterday. People are just manipulating, chasing moving money, traders are leaving looking for more movement in stocks, and weak hands are being taken out. I usually just walk away on these days. For all we know shorts may cover or news will come out and ZNGA could end the day even or up. Going to mow the lawn;) I'll check back in. Have a great day.
Hey Truth!! yeah I bought on the dip this morninng.....its just curious that if you look at BYD, GLUU, and Z they all have large volume sells ..like 15 mins apart....loooks like major MM activity....wonder why today...also each stocks volume is high compared to the last 7 days....
I bet that lawn is lookin good....I should follow in your foot steps but too tired today...lol....have fun!