I wanted decent public relations, and all I received was more drivel.
Did Mark Pinus write the speech?
Sentiment: Strong Sell
It's a creative legal strategy for Mr. Pinus who cashed out at $13-.
Don provided a huge pop while fundamentals continued to erode unabated.
Mr. Pinus still faces civil litigation.
Here's his legal strategy:
"It didn't happen on my watch. I was no longer part of the company. Ask Don about it."
Smart criminals don't use guns.
Sentiment: Strong Sell
However, I am in the mood for a bit of Tom Petty and the Heartbreakers.
Yep, Freefallin' it will be.
This is very ugly.
Next stop is $3-.
Sentiment: Strong Sell
Yes, fish heads stink, and they are best placed in your rose garden. However, they can on occasion bounce when tossed high enough. It remains to be seen whether Dr. Don's medicine show will manage sufficient height, and I must admit, I did not listen to his spiel, as boredom is to be avoided at all costs. It is looking a bit iffy from after market signs. Suffice to say, both Herbalife and Krispy Creme have withdrawn their bids for ZNGA's diminishing assets.
Summary: David Bromberg: "A man should never gamble more than he can afford to lose."
Rust never sleeps. Even aluminum will create an oxidized finish over time. As a welder, I would understand that. Even copper creates a beautiful patina of turquoise arsenic after it is exposed to oxygen over long periods. Look no further than the old mansions roofed and guttered in copper sheath.. Gold is almost entirely resistant to oxidation, and that property, along with its relative rarity, explains its intrinsic worth for many thousands of years. Silver has those properties less so, but it is poor man's gold. Tin is an alloy combined with copper, and it will readily oxidize. That is currently a hot issue among the foodies, as tin can contents will have traces levels of metals which we ingest.
ZNGA is lead, though alchemy, via the Kosher Nostra and Mark Pinus, was put to full use. Unfortunately, at the end of the day, ZNGA remains a lead zeppelin.
True, those last 3 million shares came from the hedge boys (aka,The Kosher Nostra), but I am certain it was computer generated trading. I would love to talk to one of their MIT rocket scientists to determine what kind of information they plug into the computer model. Volume and general price trend are the obvious inputs, but what else? The models all operate on statistical probability. It is a negative that ZNGA closed near the low of the day. I read volume as neutral.
We are close to another day when Hal the computer does not cooperate. These programs can and will run amok because there is no proper accounting of human emotion, a key ingredient in the markets. Selling will be exacerbated by the computers and a flash crash (or worse) will be the net result. Hal will say, "I'm sorry Dave. I can't do that."
I'm long at $3.33 from yesterday for a short term trade. I may have to take a bird bath on this one. Let's see what Don can pull out of his hat in a few minutes. Wall Street is not in the mood for, "Prosperity is just around the corner." At least Mr. Pinus is not addressing the throngs, as he has zero public speaking skills.
She actually knows a thing or two about cooking and I like to cook. I enjoy her warped sense of humor. Her milk glands are a bit excessive though. I tried that once in Germany years ago. Unrestrained, the twin globes just fell all over the place like overly inflated water balloons. More than a handful is just a waste.
I had vainly hoped that Don would announce to the world that he had finally found Jesus, but alas, this has not come to pass, though he, like all the shareholders, still needs to be saved. No, Don will announce one more insidious market ploy to retain the ZNGA users which are currently dropping like dead flies. Don is about to expand the company's balance sheet with this blockbuster:
Webcamdeville--A Philippine Country Escape
The user screen will be adorned with virtual nubile flesh in real time, and should you answer little Lolita's questions correctly, you reach a higher playing level where the pink sparkling panties become optional. Similar to Jeopardy, the user must always answer within the format of "who is" or "what is." Knowledge of Tagalog or Cebuano is most helpful.
This looks like the long sought after solution to ZNGA's bloated and idle work force, currently numbering in excess of 2000. Most of the salaries are now outsourced to Manila, where wages average about $7- per day. There are certain moral and ethical implications to this shift in strategy, but what the hell, sex sells.
I rate ZNGA as a screaming buy.
Sentiment: Strong Buy
Q. Don, why does ZNGA list its P/E ratio as not available?
A. It's been missing since the IPO. We are now looking in the lost and found department.
Q. Describe in two words the personal dynamics between yourself and the former CEO, Mark Pinus.
A. Not good.
Q. How are your ZNGA stock options performing?
A. Horrible, but I still have the $5 million cash signing bonus.
Q. Is it rue you were fired from Microsoft for myopic vision?
A. It's just a rumor, and my vision is fine. I was granted a permanent leave of absence.
Q. How do you explain the revolving door of Chief Financial Officers at the ZNGA Brain Trust?
A. If they can't handle New Math, they have to go elsewhere. We need creativity.
Q. The ZNGA death spiral has resumed from $5.89 just months ago. Why?
A. Wall Street has a current obsession with numbers. The New Economy is all about momentum.
Q. Will Mark Pinus ever return to the ZNGA Brain Trust?
A. No, I believe he now speculates in Israeli War Bonds and bulldozers.
Q. Does the new head chef, the Asian sensation Tifa, wear a bra at work?
A. Thankfully not. She's exempt from the company dress code.
Q. Describe your typical work day at the ZNGA Brain Trust.
A. I play a few hours of Candy Crush, get an in house massage, visit Tifa, and it's then cocktail hour.
Q. ZNGA is described as a dog friendly environment, but unfriendly to shareholders. Why?
A. A dog is man's best friend. Shareholders ask unpleasant questions.
Thanks Don for your time.
Check out her substantial assets. She's already a youtube sensation.
Tifa--Hot to Cook
I just tried her Asian chicken breasts in a white creme sauce.
Summary: I'm already long ZNGA common at $3.33. This pending news is good for a 5% to 10% bounce.
Trust me. I have the inside track on ZNGA. You'd be a fool not to jump aboard this freight train.
Sentiment: Strong Buy
I grasp the utility of Google, but I fail to understand that aspect of FB.
It simply accumulates information on our likes/dislikes/acquaintances etc.
Likely, I don't fully understand their business. I din't like FB at even $30, and I am lucky to never have had a position in the stock. I still believe the decline in volume is a source of concern, and in terms of the big picture, I mean this for the markets as a whole. A summer crash would be most unusual, but that doesn't mean it can't occur.
Meet me at The Stud this evening after you give the keynote address at the Apple Conference.
I'll be in black spandex with red suspenders.
Gray hair, not quite fully bald, and you can't miss my beer belly.
Bring your credit cards.
As goes Farcebook, so goes social byte.
Volume is the Holy Grail. I don't argue with it.
ZNGA's umbilical cord is yet tied to FB.
The nasty divorce was never entirely finalized.
FB volume has fallen off a cliff.
It's getting a bit scary.
ZNGA's volume was strong out the gate this morning and faded late in the session.
It's an unsettling picture.
I'm banking on Dr. Don pulling something out of his bag of tricks.
Or dump tomorrow for a short term loss.
Is mobile revenue a pipe dream?
Let's see if we get a further boost in volume during the last 30 minutes of the session.
That would be a big positive for another ZNGA roadkill bounce.
Since the fundamentals for this stock are horrid, ZNGA is only a trading vehicle.
Buy and hold at your own peril.
Vulture Capital is long again at $3.33.
333 is half of 666, so numerology is at play.
And Venus is presently in the 7'th house of Jupiter, of critical importance.
It is like all ZNGA trades, meaning very dangerous.
Tight mental stops are necessary, never fearing to take a short term loss.
Let the market dictate; you cannot.
If we had 24 hour trading, it would eliminate much of the price manipulation.
I'm referring to the robots in Hal's clan.
Is it time for me to apply for a management position at the ZNGA Brain Trust?
I need to get my creative juices flowing again.
It gets tiresome to post on this board each and every day.
I was always destined for a much higher calling.
But through the slings and arrows of numerous misfortunes.
This became my lowly station in life.
Who said life or the stock market is fair.
From glen to glen and down the mountainside
The summer's gone and all the roses fallin'
It's you, it's you, must go and I must bide.
But come ye back when summer's in the meadow
Or when the valley's hushed and white with snow
I'll be here in sunshine or in shadow
Oh Donny boy, oh,Donny boy, I love you so.
It appears the cynics like myself are out in full force, though there is some distortion from kevinb21, who's incessant banter is similar to my own. Normally, the cheerleading ratio is a key indicator, but because of certain distortions, I rate it as neutral. It is troubling that the ZNGA frat boys are either hung over in bed or consulting divorce attorneys, but out of empathy, I feel for their pain.
Of greater concern is the big boost in volume from yesterday's anemic pace, and it's with minimal price movement to the downside. That's a big short term plus for ZNGA common. Someone is snapping up the shares, likely the speculators and relations of Hal.
Summary: Vulture Capital Management has already covered at $3.34, even though $3.28 was the initial price target.
We now contemplate another ZNGA roadkill bounce based on Dr. Don and the Traveling Wilburys.
Is it time for another 48 hour trade?
Dr. Don and the Traveling Wilburys are scheduled to close out the show with their massive hit,
"End of the ZNGA Line."
Let's take a guess at possible encores.
1. Runaway (Stock)
2. Handle (This Stock) With Care
3. Inside Out (Margin Call)
4. Dirty (Farmville) World
5. Congratulations (You Lost)
This is one show you don't want to miss.
Sentiment: Strong Sell
They were a bit bulldog peeved at leaving 10 cents on the table from the latest run of delusion, but I explained that no one can have impeccable timing in marriage, the stock market, or life in general. Their current target price to cover is $3.28, but with this patent medicine conference pending--Dr. Don and the Traveling Wilburys--I cannot guarantee that they will not pull the trigger prematurely. I am now required to post the following disclaimer:
Vulture Capital Management is a diversified hedge fund In Minnewaukan, North Dakota specializing in pink sheet issues, mass hysteria, and other assorted caviar wet dreams. Our employee, the prophet odonnellm66, has been instructed to post regular ZNGA updates on the message board, and he is adequately compensated to do so. We do this out of a sense of altruism, as the founders of our firm are a group of humanist Norwegians. The prophet odonnellm66's missives are not to be construed as a recommendation to buy, hold, short, imbibe in alcohol, or bogart on the peace pipe any tuft of herbal remedy known as Humboldt County green bud. We hold no responsibility over Mike's actions, especially after the second 20 ounce Pabst Blue Ribbon. odonnellm66 should be regarded like a grain of salt, though Vulture Capital has profited handsomely from his metaphysical vision.
Sentiment: Strong Sell