You shouldn't have more than 2.5% of your account in this right now. When it gets below $7.50, you can double down. Next earnings would have to disappoint to get this well below $7.25 imo. You'll get you money back plus dividends in a couple years if management can stop being pigs.
You're going to be fine, this stock won't wipe you out. You're down 10%, and it may drop 10% more if the market really tanks. So you still will have 80% of your money.
It sounds like you bought it to trade and are in too heavy? If that's the case, then sell it and take care of your bill FIRST. Losing 10% on a trade isn't a big deal. Even Soros has done that before. just learn from it and don't buy all at once next time.
Be happy you have your HEALTH!
2013 will be a horrible year for auto sales. And '14 and '15 will be a Depression in the US due to Obamacare and tax hikes imo.
FIATY will continue to burn cash until they need to dilute or spin off Chrysler to get more.
Sentiment: Strong Sell
Probably less than 2% of current users.
Sentiment: Strong Sell
Sorry. i forget that the cart goes before the horse on this board.
But they don't play games on ZNGA!
People yap about 36M users in 140 countries (which I highly doubt), but how many ACTUALLY live in Nevada or NJ and have the credit to gamble and lose money on online gambling? I bet is WELL below 2% current users. I bet it's well below 1million users!
ZNGA poker is partnered with some tiny casino in nevad but can't land anything in Jersey. Let's say they have 1% of the online market share in nevada.
YoMama poker is partnered with MGM and has 20%+ of the market share in Nevada and 25% of the market share in NJ.
ZNGA's Farmville crops wither and die and so does the company while Yomama rakes in the bucks with minmal operating expenses.
Right now, the pumpers here want you to believe that ZNGA's market cap will grow to 10's of BILLIONS of dollars, while MGM's sits at $5-6B. Which is the more likely senaio here?
I'll go with MGM, LVS, and WYNN over ZNGA everyday of the week!
Somebody playing Farmville in India won't be gambling online in NJ.
Everytime this is a "BUY".
That explains the downgrade on a stock that could earn close to $3/sh in 2013 and pays a dividend close to 4%. thry beating that when all the other stocks fall back to Earth with declining earnings.
Sometimes, like the bashers, I think their job is to draw in retail shorts to squeeze later. This helps them drive UP the price.