Good for you. My personal portfolio is up 67% year on year and my mutual funds (i.e. the glorious institutions you so revere) are up 14%. So how is it that institutions are so much smarter than the average investor?
I actually and honestly feel sorry for you if you follow institutional investment percentages. Especially since those values are notoriously out of date. You snooze. You lose.
No, actually I didn't lose money on this stock. If you look back at my history, I shorted this stock around $11 and covered at just under $5. Silly me for thinking that was the bottom. Who knew management could be so inept. My bad.
Anyone saying they are making tons on this stock going long and/or short is a liar or an idiot. There is not enough movement to make this thing worthwhile. There are hundreds of better stocks out there for a swing trade than this.
Tired of hearing about their balance sheet. That means about nothing. There are dozens of companies that have been bought out for less than cash value (do the research). Divide that by outstanding shares, and you have less value than the dismal price this stock sits at today. Thinking that you are protected by cash and/or real estate is ludicrous. What is their goodwill sitting at now? You factoring the reality of zero in for that?
Every few months I come on this board and all I hear is about the new games coming down the pipeline that are going to skyrocket this stock. I've heard that for years and it has never happened. Why is it going to now? First it was online gambling, then it was mobile, now it is just bring out a fricking game that makes some money. Desperate much? FB games peaked and started their slow and steady decline long ago, mobile has not shown decent revenue streams for any but the smallest and most versatile companies (which Zynga is not). So where is this huge income stream going to come from???
Been around this forum for a couple years. Made a ton of money shorting this garbage from around $11. Now I just drop by once in a while for a chuckle. A few long standing bears left on here but the zealous bulls seem to come and go. No small wonder.
Waiting for a hail mary from this company is akin to waiting for the pope to bless #$%$.
It's hard to believe that Pincus would be a better CEO than Mattrick but the proof is in the pudding. Funny how a guy voted worst CEO of the year is bested (worsted?) by Mattrick. Sad but true.
Every single acquisition this company has made has turned to nada. How's Natural Motion working out for you bagholders? Oh yeah, the games are coming, the games are coming..... So is J.C. Someday.
It's a hoot wandering in here once in a while to read the dialogue. If nothing else, this message board is pure comedy.
I come back here once in a while and all I can do is shake my head. It's like really - you bagholders think this Titanic is going to turn around miraculously? You've had about a dozen hail Marys already and this POS hovers just above it's all time lows.
There is no miracle coming, there is no blockbuster game that will save this sinking ship. There is just slow deterioration and decimation of this once, albeit short-lived glory company. If you want to keep sinking your money into this garbage then go ahead,but I hope you pull your head out of your posterior and realize sooner rather than later that there is virtually no upside to this company. What makes you think the last two plus years is going to be erased in the blink of an eye?
Pincus bailed long ago and Mattrick is just sitting in his office doing what only he and Charlie Runkle are good at behind their desk. And while it may be enjoyable, that is not making you money.
To all the diehard bagholders - have fun and I'll check back on you in a few months and have a chuckle. I hope for your sake that you'll cut your losses and bail on this ultimate loser of a stock but I know most of you won't - either out of greed, stupidity or vanity. Likely a combination of all of the above. I feel sorry for you, really I do. But on the other hand, this lesson will hopefully teach you to trade better in the future. Hoping for a hail mary is not the smartest thing to do in this market, especially with a management team that has to wear velcro laces.