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odonnellm66 247 posts  |  Last Activity: 8 hours ago Member since: Jan 17, 2012
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  • Yesterday's levitation in the SPY is at least questionable since Germany is still not prepared to toss more money down this rat hole. Greece has now spiraled down into a virtual state of economic depression, so any numbers used even six weeks ago before the bank runs are no longer valid. For those playing the recovery in the SPY, I can only say there is zero room for error at this juncture. A complete Greekexit remains quite feasible in my view despite a favorable response from the French. Again, it goes back to Germany, and it is Merkel who runs this Schauspiel. If there is any disappointment in the so-called Greek solution over this weekend, we are looking at heavy selling pressure next week. I would furthermore state that China's one party system may not be able to save its stock market bubble, trading halts and threat of arrest for short traders aside. China's greatest fear is social unrest resulting from a catastrophic market rout. Quite possibly, we have a perfect storm brewing at this moment.. Market risk is at unprecedented levels, margin debt off the charts, and market psychology has been trained to buy every dip for more than five years. That market strategy, remarkably successful in the past, now likely proves disastrous.

    Sentiment: Strong Sell

  • Doesn't this all start to smell a bit like a market top? Or does it smell like teenage spirit?
    Remember that time long ago when IBM, General Motors, and Polaroid were the bellwether stocks?
    Now it's FB and APPL.
    The Apple watch is so cool.
    Just like Google Glasses.
    As goes APPL, so go the major indexes.
    Tomorrow's AAPL price? Who cares?
    Precise market timing is for others.
    Only know the end is close at hand.
    Junk bonds remain the huge question, completely off the radar.
    And the masters of this grand ponzi scheme,
    The Federal Reserve,
    Fear to raise interest rates even a token 0.25%
    Because of the leverage in this house of cards.
    Watch out below.
    And the junk stock ZNGA?
    A Comedy of Errors
    And outright fraud.
    Another one bites the dust.

    Sentiment: Strong Sell

  • Reply to

    Price Action

    by intelidog Jul 30, 2015 10:47 AM
    odonnellm66 odonnellm66 Jul 30, 2015 11:03 AM Flag

    You have proven my point perfectly.

    Sentiment: Strong Sell

  • We have zero diversification, and have bet the entire farm on Boy Zuckie. Will he have to forget about UC Berkeley tomorrow and focus instead on Heald Business College? I need some serious advice from the pros on this message board, preferably within the next 42 minutes. Thanks so much.

  • The widely praised editor, stock savant, and Mahler aficionado, SFJLegend makes numerous critical points.
    1. The recently resurrected CEO--Mr. Pinus--will soon be wearing an ankle monitor bracelet.
    2. ZNGA has never posted a profit since the scam IPO. Not even once.
    3. ZNGA's so-called product is nothing more than a fad--here today, and gone tomorrow.
    4. We have 400 layoffs and 600 more to go.
    5. 98% of all players remain in freemium mode.
    6. The in house massage therapists have been axed.
    7. On today's menu in the company gourmet restaurant: Beans on Toast
    8. The CDC in Atlanta, Georgia has declared ZNGA unfit for investor consumption.
    9. Beer pong has been officially banned at company headquarters.

    Summary: Are you seriously going to toss good money at this garbage stock? Legends says, "Beware!":

    Sentiment: Strong Sell

  • Mike, I was just hit with another margin call, so I'm in a bit of a rough spot. Though I despise the sham stock ZNGA, much like yourself, I've been long the S&P 500 and a biotech ETF with full tilt leverage. I should have listened to your doom and gloom view of the world, because I now find myself in the position of needing to find a real job. Hell, I may even apply as a masseuse at the ZNGA Brain Trust and soothe the frail nerves of the reincarnated CEO, Mr. Pincus. Listen Mike, can I borrow a quick $100,000 to fix that unpleasant margin call? You know I'm good for it. Yes, I will start attending Gamblers Anonymous meetings. By the way Mike, in light of the current financial stress, my marriage proposal is now on hold. I know you will understand. Love is a many splendid thing.
    Yours,
    The (former) Legend

    Sentiment: Strong Sell

  • China, not Greece, is likely the really big story. The Shanghai Composite was off another 6% last night. It is down more than 24% in just over two weeks. This is despite massive intervention and rate cuts by the Chinese Central Bank. We now witness panic selling and margin calls in Shanghai, and nearly $3 trillion in market cap has been erased. History does have an odd tendency of accelerating at critical junctures, and markets declines then take on lives of their own. How does ZNGA fare in a U.S. market rout, which we are on the very cusp of? The short answer is not good. The ZNGA Brain Trust vaporized billions of shareholder capital ($15- to $2.84) in the midst of one of the greatest stock market ralleys in history. The company still does not make a dime, and will post more losses this August. This bloated pig remains in big trouble. Further layoffs are not a question of if, but when. Don't get me wrong. Greece remains very important in terms of establishing precedent for other nations under the curse of austerity, and it's a long list.. We have a perfect storm brewing between China and Greece. Bottom fish junk stocks at your own peril. We have another fascinating week of trading ahead. Yes, it will be exciting. Hold on for the ride.

    Sentiment: Strong Sell

  • We ought to be off a minimum of 500 DOW points today. No matter. The pain still comes. The central banks are losing control of their ponzi scheme. The Chinese decline also continues. Patience rewards the shorts, just as it has with ZNGA. Long term, watch for big problems in the junk bond market. Then we witness a dynamic shift to fear.

    Sentiment: Strong Sell

  • Day to day price movements are actually of no concern to me--not with ZNGA and not with the Fed pumped up broad averages. The patient sort I am, I only focus on the primary trend, which is down. Under normal circumstances, one watches Hal and his byte buddies enter the field of play for the last 20 minutes of the trading session--push, shove, and front load. The SPY reflex bounce begins to fade right now, so my stab in the dark says ZNGA closes lower. The volume remains extremely suspicious as the stock treads water. The real excitement is ahead of us. It will be fascinating to watch this house of card crumble. Yes, another day of spanking for the delusional ZNGA longs.

    Sentiment: Strong Sell

  • I am not especially fond of chart reading and prefer to focus on a combination of tarot cards and human psychology. Robert Precther has more or less disappeared from the scene, but he was always one of my favorite pundits. I especially enjoyed how he used social trends (literature is dead, touchscreen obsession, and garbage music anyone?) to predict stock market moves. Of course, I always appreciated Alan Abelson's cynicism, wit, and the quality of his writing, but he's now dead. But back to head and shoulders. If you believe in such things, then a 90 day ZNGA chart says that we break the April low of $2.45. Sooner than later.

    Sentiment: Strong Sell

  • Are we perhaps looking at a full blown liquidity crisis globally?
    A world which simultaneously papers over rotten debt.
    By the way, what's the FB P/E ratio?
    No downside risk for this big league growth story?
    I'm such a cynic.

    Sentiment: Strong Sell

  • This all makes perfect logical sense to me. It's a great little piece of news (smokescreen really) for a day trader. That day trader will be gone in a few heartbeats, as they are an impatient sort. After all, ZNGA seldom moves based on such things as hard numbers and actual profit. However, it might do so sometime in early August.
    As a side note, selling in China has resumed. China, not Greece, is quite possibly the big story.

    Sentiment: Strong Sell

  • This entire casino is starting to smell a bit rotten. The proverbial question is what will be the straw which breaks the camel's back? I honestly have no idea, but I do anticipate a black dog event, and the waves of selling will be shock and awe. Yes, it occurs this calendar year. The current levels of complacency (and margin debt) are nothing short of astounding.

    Sentiment: Strong Sell

  • That's precisely when ZNGA responds not to blatant price manipulation, as we witness today, but rather to classic supply and demand curves. Free price discovery will get very ugly as fear supplants greed and the bid side of ZNGA common drops precipitously. There will be many more sellers than active buyers, and this shall be the definition of a legitimate liquidity crisis. Many will hit the bottle next to me at The 21 Club as a temporary refuge. Others will smoke copious amounts of green crack. Divorce rates skyrocket once the wives grasp your secret losses. Psychoanalysts will be overwhelmed with desperate patients. The walkway on the Golden Gate Bridge will be closed after an entire group of delusional ZNGA longs hurl themselves to the waters below. Mark Pincus will hold a press conference and finally admit, "The devil made me do it," but by then it will be too late. There will be much wreckage from the ZNGA death spiral. No one can defy Karma Yoga. Thus spoke Zngathustra.

    Sentiment: Strong Sell

  • It simply indicates that the push and shove is now in place from the first hour of trading. Now the Kosher Nostra must unwind their position in an orderly manner with the full cooperation of the message board sheep. Do the math--a 1.5% return on let's say $7 million in capital. It's all accomplished in a few hours. Free price discovery? Are you nuts?

    Sentiment: Strong Sell

  • Volume is always missing in the equation. Trade these manipulations if you must, but always push the sell button too early. By the way, how does Wall Street react to ZNGA's soon to be announced report of more losses? If United Technologies (UTX) is any indication, patience begins to wear a bit thin. Oh yes, actual earnings are just around the corner or when hell freezes over. Watch for some smokescreen announcement from the ZNGA Brain Trust just before another disastrous report.

    Sentiment: Strong Sell

  • We've been treading water of late at a very anemic volume of 6 million shares, but last Friday's volume moved up, but still below the daily average, and 10.2 million shares crossed the tape. Technically speaking, this is a bleak picture. As volume increases, the price of ZNGA declines, and this will continue to be the case. There's no magic here. Quite simply, there are more determined sellers than active buyers, and this can only mean that the bid side must drop. The madding crowd, operating on a prayer and hopium, has yet to throw in the towel on this dubious stock, but we are close to mass capitulation. That event is yet pending, and as we see the mad speculators all run for the single exit door simultaneously, volume will suddenly explode above 50 million shares in a single session. The bid side then gets very ugly as ZNGA finds itself experiencing a textbook case of horrible liquidity. The catalyst for the selling will certainly be the upcoming lack of earnings report. Pincus will attempt to temper the blow shortly before one more report in a long string of losses by some type of announcement, likely a new silly game based on this, that, and the other. Do you hear the great sucking sound of 1600 highly compensated techies? Lord knows what they all do on any given day.

    Sentiment: Strong Sell

  • It was tracked to directly beneath Mark Pincus' gold plated urinal at the ZNGA Brain Trust. This is just a mild precursor to the really big event, which just so happens to fall on August 6. This temple of infidels shall fall on that day, as it is built on a foundation of quick sand. Meanwhile, The ZNGA CFO has dumped all the ledger sheets into a massive crock pot in a last gap attempt to show profit.
    Now I ask you to make a list of major companies, tech and bio, which rest atop the San Andreas or Hayward faults, or in close proximity. You can start with Google, Facebook, and Apple. Consider that the 1906 earthquake was ten to twenty times stronger than the 1989 Loma Prieta quake. We are well overdue for such a tremor which would essentially shut down all of Silicon Valley, including of course San Francisco. Not to mention a catastrophic loss of life.

    Sentiment: Strong Sell

  • The DOW is off 140 points and the Nasdaq climbs ever higher. I would further state that Nasdaq breadth is plain horrid with fewer and fewer stocks in the leadership. The likes of FB mask the internal price deterioration, and you only need look at the weekly new highs/ new lows and a list of stocks below the 200 day average. None of this is sustainable, and it is likely resolved in waves of selling. We might escape the summer unscathed, but this fall promises to be quite exciting. It is also worth noting that cracks are starting to appear in the junk bond market, whose low levels of liquidity ought to be frightening. Read today's Bloomberg article: "Wall Street is Losing Patience with Shale Drillers." This is a major train wreck in the making, and widely ignored. Junk bonds now issue the mother of all sell signals.
    Meanwhile, ZNGA is in the midst of one more roadkill bounce, classic push and shove and nothing more. Sell immediately into this price manipulation.

    Sentiment: Strong Sell

  • Reply to

    Price Action

    by intelidog Jul 30, 2015 10:47 AM
    odonnellm66 odonnellm66 Jul 30, 2015 11:00 AM Flag

    What I like about you, and I don't have to agree with the position, is the ability to articulate clearly in the written language. In a touchscreen world, this has become the rarest of commodities. Without proper articulation and logic, 95% of the poster boys are just stabbing in the dark, and that's pretty much what you encounter on any given message board. From your use of language, I can tell you are a reader and an educated man. Quality reading and quality music are pretty much dead notions in current mass culture, which can only mean that ZNGA should sign some agreement with Kaitlyn Jenner. The stock would then immediately skyrocket.
    Shame on us. Shame on the public school system. Shame on ZNGA. Shame on FB.

    Sentiment: Strong Sell

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