Zynga Inc (ZNGA)

[stupified777]

Although I have seldom posted negatively about my current investments, I agree. This thing is a dog turd. I've been in for about 3 years and regret not selling daily. It seems like the company just flops around with no real game changers (no pun intended) in the industry. With the latest acquisition of King, I sit back and think that should've been us. I would've been happy with them buying us at a premium of $5 billion. I like the stock buy back concept but there is so much gray area with it. We can buy anytime, cancel anytime, yada, yada. United Technologies just announced a buy back and there stock surged on the news because holders of that equity trust that company is doing it for the shareholders not for any other reason. ZNGA has a ton of cash still and I think the share buy back is good news but details need to be cleared up. I also like the latest Q results but the markets reaction to the forecast for next Q is what I'm assuming kept this slug from moving further. Without any immediate upward movement, this is gonna be an end of year tax sell off for me.