Amazing the Drop isn't Greater.....Big Player Accumulation
Considering the volume and the quite negative remarks of the Conference Call yesterday, I would have expected the shorts to have dropped the share price to $2.50 by now, at least. One might begin to suspect that their is some serious money going into accumulation here.
Maybe the fact that there was no share buyback, hence management is hording 1.5 billion dollars has something to do with why someone might be accumulating shares. Just for kicks, FB buys ZNGA using their stock for currency, fires the incompetent management team and maybe another 20% of the work force, FB walk away with a company making a ton of money a day and 1.5 billion dollars. You don't like FB pulling this off, plug in another company. Yesterday was the kiss of death for ZNGA, management told everyone they didn't want to play with real money, well Wall Street is about real money.