all the good upside undone in just three trading days...what a lousy stock mkt. Can't believe this REIT is so vulnerable to the whims of a handful of day traders? Unbelievable.
if liquidated today, this company has more material debt than it has assets?
probably why its trying to unload some of its "cargo's - methinks they may be in a cash bind sooner than later?
2016 Feb 5.00 calls = 30k plus*
practically zero action on the put side!
* These being the only options in play, someone has recently made a big bet at the $5.00 strike. But whether they wrote them as a hedge...or are long the calls, who knows?
@foxhunt - sell your shares if you feel so badly about this company. Personally, I'm agnostic about ZNGA - mostly because it's off the radar...and that's fine with me. I see value here and will continue to hold and/or invest further if and when I see fit. Hopefully, ZNGA is not the only stock you own.
think you hit the nail. After getting up to 4.96 intra-day, two sellers jumped in to drive the stock back down to 4.86 within minutes of each other. Total BS but what are you going to do?
Yahoo pages are increasingly cluttered with unwanted pop-up ads and junk content to the point where the portal is almost dysfunctional. Pages constantly freeze, email is a mess...need I go on? They really don't know what to do with this business - pretty sad.
the longer it takes ZNGA to EXECUTE, the more likely it is that they will be acquired. And sooner rather than later, IMO. And with a billion in cash (and/or equivalents) sitting on their balance sheet, this scenario is even more likely.
the NYSE is a joke - as is the SEC. The up-tick rule should have been reinstated years ago to curb the short sellers and HFT's...but the exchange is making too much money on the high volume, so screw your IRA or 401k!
the way she's been able to transfer millions from you Yahoo shareholders...and all of it straight into her own bank account. You must admit she's done an awesome job for herself & growing family!
could be that investors are switching from the preferred into the common. The stock is relatively cheap, and paying a stellar dividend (more bang for your buck)?