Scooped up more shares @ $4.97. Should the price drift lower, I'm buying. There is just too much positive going with this stock. It's up 50% since the end of June. And it will be up another 50% by or before the next CC.
And why didn't the other officers sell their shares??!! Ludwig the only one to know what's what??!!
Stop with the witch hunt, and give us a break.
Even though I sold my position I still believe Zynga will return strong once again. Today's movement is just an example. By spring it will be on solid ground. Between now and January Z could see a number of big swings. I'll buy back at the start of the year. Maybe I'll miss the low buyback, but given the amount of "up" to come it wont matter.
interesting review, zam. Was wondering if you or anyone else know what the crossover is for console players playing mobile. Is it just in passing while waiting to get home to play "the box," or do they actually enjoy some of the mobile games.
Hey oilman, I get what you mean "...some said I was a liar or bragging..." These boards can be unnecessarily rough. It's as if some of these posters are experiencing their first beer. I think if I and mg and Karen or anyone can walk away from Glu with a profit, large or small, then there is reason to be happy. Continued success chancing that almighty dollar.
The idea of "free games" is to sucker players in. You don't have to spend anything playing a free game but it will take countless hours to reach the end.
However, I am concerned with EA. They have a great pool of talent creating games and updating popular games. And they have money. They will bring games to mobile that will attract an audience. Moreover, EA has been successful using a membership. They are currently taking their membership worldwide. They may include with their membership access to their mobile games and eliminate the "pay as you go" program. They might also sell memberships just for mobile. People may see the membership cost is a better deal then nickel and dime. It is also possible both membership and pay as you go can co-exist.
EA is about a year out from firing on all cylinders with mobile. With Glu I have two focal points, the next CC and the end of the year. From there I will re-evaluate.
Let's say mg bought his shares near the beginning of January 2013, and hasn't bought any more since. mg is looking at 110% gain in a 20 month hold. That's a "darn" good return on an investment. So why be insulting with naming calling? Perhaps you have the experience to jump in and out with a greater profit, but 110% is not too shabby. For myself I have a core holding of Glu at an average of $3.24. It was lower but I added some at $4. I have a smaller amount of shares that I sell and buy back. Again, you have the greater experience and my trading or strategy looks sophomoric. However, oilman, instead of name calling be a leader. Post when you are buying or selling and let others profit along with you.
As for myself, I see nothing wrong with holding or even buying at this price and holding. I feel Glu will see a 50% move to the up, from today's price, on or before the next CC. And, $10 by the end of the year.
Not to be caught in semantics, but I agree, we are on the ground floor. Before this moment Glu struggled with establishing games and managing overhead. This is the first year Glu has had no debt. And, a solid profit line is building. So, in a sense this is the ground floor. The past was spent building the foundation.
As for a one hit wonder; KKH can't last forever. No game does. But, Glu has other games that bring money in. Deer Hunter has been around for sometime and continues to attract an audience. It is also my hope Glu's new low remain around the $5 mark.
I think many of us, the pros and cons, will have much to evaluate after the next CC.
Glu has done a good job of introducing games that are well received. And yes, they do take pride in what they do. Glu is known to hold off a release if they aren't completely happy with the game. I'll check the interview out. Thanks for the info.
It's hard to ignore the Glu Management Team when each quarter for the last 18 quarters in a row has been better than the last. And all those quarters are coming together for an impressive cc in October/November.
After the cc I sold off the balance of my shares, about 7K. At one time I had a little over 21K. I am certain Z will make a solid comeback, but I fear the share price will be fluctuating. Many believe this is a bargain price for Z, and it may be. But I feel a greater profit is to be made with Glu in the next 2 1/2 months. I do plan to buyback in to Z sometime in January or so. Bottom line, it's all a crapshoot.
Ludwig sold some shares, but that alone would not impact the stock. Glu is a volatile stock. Its rise and fall would happen on rumors more than an exec selling off shares. Well, unless it was a huge amount of shares. Officers sell cause they have a large holding and they want some money. Glu paid $100 mil for Cie. Most of that payment was stocks. Add to this the meltdown of KING and the on going problems with Zynga and investors get a bit spooked. Zynga got some attention today because of its low price. By the afternoon Glu came well off the low of $5.01. Keep in mind, Glu is in uncharted waters. Normally when it's been over $5 it drops down to the mid $3's. It now looks as though the new bottom is around $5. And seeing $7 is almost a given by or before the next cc. I'm top heavy with Glu and yet I have money on hold to buy more shares. I'm not happy I missed the $5.01 price. Bottom line, Glu will drift up and down for the next few weeks, but it is going higher.
Whether it passes KKH or not it dropping a chunk of change to Glu's bottom line. More money, more money, more money. The next cc will be interesting.
Speculating I'd say yesterday's drop was an indirect cause related to KING. Today the markets opened down. The nasdaq has been moving up this afternoon and so to with Glu, coming off its low of $5.01. (And boy!, was that a bargain price!) Of course, mgibbons is probably right, "...it's glu, it doesn't need a reason." Or, another way to look at it, "Forget about it. It's Chinatown."
At EA Don served as the president of Worldwide Studios. No CEO, but no slouch position either. Was at EA for 15 years.
Bestinvestor, I don't get it. I just took a look at your 3 pages of posts, and though none of us are perfect, you were far better at articulating your thoughts than these last two posts. "Slingshot," "unthinkable," why? If you have something, post it.
I predict Thursday will follow Wednesday! What day is it today? And what was yesterday? How about that. I'm right! Told you so...