My now ex-wife says I am a complete moron. I was served divorce papers shortly after a string of margin calls, and I returned to the bottle one more time. The ex says to load up on the bull dog only when it is on the shelves at the Dollar Store. I have to hand it to her. She perceptively pointed out the insiders, along with Mr. Pinus, were dumping massive quantities of ZNGA paper at $13-. Do you think I should pursue another course of living than as a stock trader? I really need the advice of the pro traders, especially the technical gurus. I know the ZNGA chart looks quite promising when held upside down. Timing is everything in life. My timing is out of joint, so to speak. Is Farmville the future?
For a moment, I thought this latest phase of gadgetry had malfunctioned. Perhaps I suffer from a severe case of myopic vision. Low and behold, those were the real numbers, and I suddenly felt some emotional angst and the psychic need of diversion and a strong drink. I immediately checked on my virtual crops (what else could go wrong), and in an almost biblical sense, I suddenly realized the seeds had been strewn among rocky ground and among thorns, and my much anticipated harvest#$%$ bull dog-- was in deep trouble. Yes, I saw that ZNGA didn't need to pay taxes last quarter, and in fact, they have a $9 million credit. These minute details of Ernst and Young are quite baffling to me. I can only assume that you pay taxes when you can post a profit. There is at least one benefit to a failed revenue model--no taxes. I need the help of the ZNGA longs to clear this matter up. Should I farm elsewhere? This whole tragic experience is starting to remind me of John Steinbeck and the Grapes of Wrath.
Sentiment: Strong Sell
The long can only rest comfortably numb with their fellows.
Second question: Why happens when this hype breaks technical support at $2.70?
Third question: Can anyone defy Karma Yoga?
Sentiment: Strong Sell
This latest device will add an entirely new dimension to virtual reality and virtual good. I picture myself soon cruising down Market Street watching my crops reach for the sun. I will be the ultimate hipster. I would think it is time to load up on ZNGA stock before Google Glass takes over the nation. You either accept modern technology, or be left behind in the dust. Think of the possibilities. In the anonymous privacy of my forehead, I could even view pornographic videos while riding BART to work, of course only after I check how the farm is doing.
There's one possible drawback. I was wondering if I am at risk when entering some of the rougher neighborhoods. I think there has to be some sort of security apparatus. Imagine how easy it would be for some miscreant to grab my Google Glass straight off my nose. Perhaps a GPS tacking device would help.
One thing is certain. The future is here now. Google Glass will work wonders for ZNGA stock.
Sentiment: Strong Buy
This little downward move finally breaks ZNGA out of the recent tedium, and it comes as no great surprise.
Summary:
1. Key psychological price: $3-
2. Key technical support: $2.70
3. Interest in the fad games, ZNGA's only revenue generator, is drying up fast.
4. The company must eventually tap into the much touted cash reserves to survive.
5. A $1 billion good faith value remains delusional.
6. Online gambling revenue is years off in the future, even if the concept were to succeed.
7. Insider buying is nearly nonexistent.
8. No one will buy a company which can't post a profit.
9. ZNGA overhead is significant, and we also have pending litigation.
One very interesting piece of trivia is that for the first time in history, year over year text messaging declined by 5%. This tell me the obsessive nature of the button pushing generation is wearing thin. Some realize that to be truly engaged in life, you need to be offline.
Sentiment: Strong Sell
Historically, this has been a highly manipulated stock. I suppose you can only push on a string for so long. Even the Kosher Nostra has limits. The crowd eventually wises up to the same game.
Sheep shearing is required for the charade to function. Quite simply, they have moved on to other prey.
Do you recall those days of wine and roses---100 million shares could cross the tape in one session.
Cheerleading ratio off the chart. Buyout imminent. Yahoo. Baidu. KFC
Would you buy a company with no earnings?
My kingdom for a horse.
Sentiment: Strong Sell
Beta value in decline. Horrid volume. Is this perhaps the calm before the storm? I somehow sense the pigs will soon be squealing in the Farmville sty. Does anyone recall that rather interesting book, Animal Farm?
Yes Dorothy, volume does precede price with high frequency.
Sentiment: Strong Sell
The dead fish bounce from $2.09 notwithstanding, I can only ask which group has consistently made money from this hype? Obviously, it has been the shorts. Billions have been vaporized in the last 12 months by the sheep who shoveled their money at this stock. Meanwhile, the insiders were dumping at $12-.
Summary: Even at these depressed prices, the market is assigning a $1 billion good faith value to this outfit. That will prove delusional as well. It will soon be necessary for ZNGA to utilize their much touted cash reserves just to keep the doors of the brain trust open. That is the supreme danger when the only product is a fad. Oink, oink, as they say in Farmville.
Sentiment: Strong Sell
Some rotten stocks don't just up and die; they simply fade away. The horrid volume is justified by the alchemists with all kinds of voodoo technical factors. The Bollinger rubber band seems popular at the moment. Th true explanation is vastly simpler. Interest in this stock is drying up at warp speed. There are no near term prospects to move this stock higher, while users, bored with stale white bread, are dropping like flies. The speculators/gamblers will not rest content watching wet paint dry. This rubbish must break the key psychological price level of $3-. It is but a question of time.
Sentiment: Strong Sell
Even without the coming margin calls. So many ad hominems. Tsk. Tsk.
Still, I'm willing to enter a civilized rational debate on this stock.
Meanwhile, so much has been squandered by so many.
So few (Kosher Nostra) profited, courtesy of the sheep.
Sentiment: Strong Sell
Then I know I must be on the right track. Thanks for the pointer. Is it vaguely possible that ZNGA must the all time low of $2.09? Why yes, it is.
Karma Yoga must unfold. It is already written in the stars.
Sentiment: Strong Sell
Funny, it was quite easy to borrow at $14.19. No problema.
Sentiment: Strong Sell
I just saw some insider limit buy orders from Townsend Street at 99 cents.
Along with Yahoo, Baidu, and Dairy Queen.
I have reliable sources in Memphis, TN.
Sentiment: Strong Sell
This classic rubbish will soon be the anthem of the ZNGA longs.
All together now: "Ohhhhh........ Afternoon Delight"
Sentiment: Strong Sell
Gadgetry/strip malls/crap music/Beyonce/money grubbing/sheep herding/phony democracy/Wall Street
Sometimes it gets me all worked up, this whole chaotic tragedy. But then I search for meaning.
When I get in these moods, I generally find effective therapy in a couple hours of Farmville.
It somehow soothes my nerves. I am suddenly assured that I do indeed fit into the big picture.
I can't post anymore today. Time for some serious gaming. It just makes me feel better.
The gears and cogs will now slow down.
Sentiment: Strong Sell
Golden Rule: If you want to maintain high standings in the popularity contest, never ask logical and uncomfortable questions.
Sentiment: Strong Sell
Clearly, they must tap into their cash assets before Nirvana is achieved.
I wouldn't describe patience as a strong quality among the ZNGA gamblers/speculators.
Sentiment: Strong Sell
Only the longs can play this one---War of the Fallen.
I'll give the ZNGA brain trust some credit. They are masters of irony when it comes to titles.
Recall Bubbleville.
Quote of the day: "Gaming (Farmville/Mafia Wars etc.) is central to any culture." ---Mr. Pinus
Well, gag me with a spoon.
Sentiment: Strong Sell
Fool me once. Fool me twice. Then only a fool is fooled.
Amazingly, this charade still works, for all of five minutes.
Sentiment: Strong Sell