Up 10% in 6 days and 6% in the last 2. That's good for an entire year.
Are you looking at the chart for ZNGA perhaps?
Agree - GLUU potential is massive with only a $480M market cap, 0 debt, low float, 100% yoy growth, and list of growing hit games
ZNGA -30% growth next Q revised 25% lower with a 2.5 Billion market cap
GLUU +270% growth next Q revised 100% higher with a 450 Million market cap
Where should your hard earn investment dollars go? Duh.
GLUU revenues growing FAST
ZNGA revenues declining FAST
Both are about breakeven currently but GLUU EPS is on an upswing and ZNGA is downswing
At the current rate, GLUU will pass ZNGA in revenue in 3 quarters.
Yet, ZNGA is SIX TIMES as expensive as GLUU. It's a joke. This ZNGA miss is GREAT news for GLUU as a company, but most likely, a short term hurdle for GLUU stock.
short term resistance 5.30 (broken), 5.50 (we'll see), and again 5.70-5.80 (hope we see this by close tomorrow).
Was 5.30, which it broke through nicely this morning. Now resistance is 5.51 which, if it gets there today, will most likely hit a wall. If it breaks through 5.50, next resistance is 5.70.
I think this will be back over $6 by the close next Friday.
I believe in this company, in their games, in their development, in their ability to generate revenue, in their ability to continue growing earnings, in their ability to continue raising guidance, and their ability to continue beating that raised guidance.
They have done it for over 2 years straight. Keep betting against that and you will continue getting burned.
The shorts are about to get margin calls.
GLUU is SMOKING ZNGA exactly right. The only reason ZNGA is so expensive is due to all of the hype that surrounded it during their IPO. At 1 point, it had something ridiculous like a 10 Billion dollar market cap.
I am in GLUU because it is/was ZNGAs lesser known little brother but is growing MUCH faster and has no debt at 1/10th the price.
50-day SMA ~5.02 - 5.05 area. It held.
They have beat guidance for the last 2 years and guidance DOUBLED to 80-85 million. That trends revenue to come in around 90-100 million for the quarter, from a previously projected 40 million.
This growth is real. They are about to be profitable. I wouldn't doubt this company and/or CEO to continue delivering. With a market cap under 500 Million and 0 debt, this is a bargain. I've been saying this since 2.50 and it's a better bargain today than it was at 2.50 because their revenue is growing even faster than I had thought.
A VERY important note about the "30 million in cash and 70 million in stock" is the value of the shares being used to purchase the company. The report specifically states "based on a 10 trading day average through July 29th". The 10-day average through July 29th is about $7. That comes out to 10 million shares. If they had made the purchase 1 quarter ago, it would have been 20 million shares.
Their timing using their stock price to make this acquisition could not have been ANY better.
No. There is NO secondary offering. Their recent purchase of CRIE games for $100 Million was $30 Million in cash and $70 Million in stock. That is what people are referring to and only bashers are calling it a secondary.
Exactly. He's bitter because he most likely shorted at $3. His posts are the typical donkey posts. I also added to ignore.
This stock is up +100% in a few months and you are claiming genius...
You obviously know nothing about the company. Welcome to ignore as you provide 0 value.
I got my neighbor into this stock. He bought 30,000 shares at $2.75 and he SOLD when it dropped at $2.55. LOL - kicking himself when it went over $7 because his $6,000 loss would have been a $140,000 profit. He bought on margin and went into panic mode.