Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Unfortunately I am not seeing this moving up anytime soon.
Bad PR everywhere I look.
http://www.dailyfinance.com/2012/06/04/zynga-is-more-vulnerable-than-you-think/
Yepp I am on margin as well. Just that good ol' feeling of having the potential to be completely in debt to a financial institution. mmm mmm. Put another limit order in for 5.69 Almost went through.
Well good luck to us both man... I picked up a fair bit at 5.78.. and it is on margin.. *sigh*
None for the time being. The pink sheets are ultra volatile, so be prepared to lose $ as easy as you invest it or vice versa depends on your luck and skill in picking those.
Another bad day on mrkt! I am getting hammered on all stocks!!! Geez..is it ever gonna start recovering anythime soon..with an election year???? Man..thanks EUROPE!!! Gosh at this rate where is Znga headed..I am scared to jump in..how low do you think she might go from here on? I thought about jumping in at $4.60 scared too..who knows what this thing is gonna go next few months! GL
Miserable start to the day... Damn Zynga sellers.
they should rename zynga to tank-a... keeps tanking. lol
Well... I did work there for almost 2 years, and I've gone several weeks with no weekends off... 2 am to even 5 am work days... sometimes we never went home for 2 days straight... 100 - 120 hour weeks was common.
Zynga was a tough place to work... But I left because I wanted to start my own company... I'm used to working hard.. and even when I started my own company, I was (for a long time) working 7 days a week, 14 hours a day...
Management at Zynga really sucks... also clearly by the number of employees they have and the number of games they put out a year.. there's a problem with efficiency...
But I'm still long on Zynga because I think they can change for the better... they can't get any worse!
Good morning! PokerV. I found this notes, wonder if is pertaining to you and some departed Zynga's employees:
_____
18 hours ago
• "It's distracting because people have a lot of wealth tied up and have been doing calculations of how long they're sticking at Zynga," said one of the company's earliest hires, who departed recently. "From the beginning there were expectation-setting signals that you're going to burn red for a while, you're not going to have weekends, and you'll be here until 2 a.m., but the result is that you're going to be a millionaire."
• "Zynga's a tough place to work," said Lou Kerner, founder of the Social Internet Fund, who has invested in Zynga. "You go there because there's a lot of upside to the shares, so it's disappointing when the markets are against you."
Those who can prove their worth, thrive. For several years, management has called all-hands assemblies every quarter where a handful of Zynga's high performers are each awarded $100,000 worth of vested stock.
But a former employee, who left the company in April after two years as a developer said frustration was bubbling among some of the rank and file as the value of their holdings slid and project launches were delayed. In Austin, Texas, where Zynga employs scores of workers, a recent internal survey showed only 20 percent confidence in management, he said. After that, office managers held meetings with staff to discuss the results and air grievances.
"I didn't see anything coming out of the company that could result in the stock price going up," said the developer. "There's a big reason why Zynga is making a big push for external acquisitions."
I HAVE WONDER IF THIS CAN HELPS IN DETERMINED IN ACQUIRING/ HOLDING ZYNGA's As long term investing.
JUST SHARING, JHMO. GLA
Mr. T! Que Paso
That's hilarious. I am ok with that, I am still waiting for my entry point so I wouldn't mind a little bit further dip before the bounce. I really don't see it going under 5.50, really seems like their is a effort to keep this thing around 6.
Actually, I think more are definitely selling on Monday... I called up scottrade today and I heard in the background.
"Damn I can't deal with these annoying Zynga guys anymore, they're driving me nuts, calling every second trying to figure out this and that".. .and this other guy was like.. "yea, damn zynga guys.. "..
So, I presume more are franticly transferring their shares over and it will go into their account Monday or Tuesday..
Sorry to be the bearer of bad news, but this definitely sounds like they intend to dispose of their positions.
Thanks for the info!
ZNGA - nice run today. I was able to buy and sell on the dips and peaks - the $6.00 held up pretty well for the most part!
The shares hit my account today... I was able to trade today.. but I'm holding... and I have a large holding..
There most likely is a delay with the brokerage setup.. for me it hit my account today for instance, the transfer agent was a dumb ass...But many employees were proactive and transferred like a month before, when there was no restriction..
but it is quite possible more selling will ensue Monday.... It is also possible that many just didn't bother since they were holding, and they just left it at the transfer agent... lots of possibilities.
Poker, what day would you have been able to actually sell? I know the lock-up expired the 29th, but I'm talking about when it settled in your brokerage account and would actually be able to sell from there. Like you have been saying, a lot of these people have never seen money like that before so I'm wondering if there is a delayed sell off due to employees needing to set up brokerage accounts and whatnot.
6 does seem to have very good support, have been waiting to get my second position in at 5.50 and below. Might have to settle on 6 next week.
Today was not a bad day... it stayed pretty much steady around 6... L2 shows a lot of support :
Bids
9,947 6.0000
14,778 5.9900
11,278 5.9800
6,400 5.9700
68,200 5.9600
Shorts are going to want to cover soon... employees that were selling might be waiting for a better price now..
I got lucky I bought @14 the first time held through the down turn an as soon as it hit above 14 I sold with $500 profit
Yep.. very good move.. I wish I had had that luxury.. too bad my stock was restricted then...Not anymore though..
$6 seems to be bottom here - I'm so glad I bailed above $14 the last time
Everyone wants their piece of the pie. Can't really blame them for doing so. A lot of ppl would do the same thing...
I think it is the damn employees at work... the ask sizes are pretty large...
yeah most likely took advantage of that small pop to 6.26
Its looking grim out there. Hold off on purchase guys!
Investors are like scary mouse who afraid to come out (me included) because of big hungry hawks (shorts/sell off) circling above, even good news announce will just be a temporary pop on stock, then die-down again to a lower-low IMO, almost good time to buy at a lower price$.
> BTW, a DejaVu for Groupon (GRPN) right now, will also be a good lower-price stock for adding to your baskets......soon.
GLTUA and Enjoys your weekend.
Still very much seems like there's sellers left... lots of employees have sold today I think..
GLTA today and I hope more good news comes out soon. Have a good weekend everyone!
Good luck man.. I hope for all of us that all goes well and the facts I have are correct...
Hmm that is true as well , so after august it should be true Long investors by then instead of all ST poachers.
Well that makes me make the decision a little bit faster. I will take care of this plan tomorrow and also set up a Stop Loss as a precaution....
Also have 200 shrs @ 14/dec call . Possible profit there :)
What lockups expiring?.. 325 mil came out of lockup on May 29th.. 50 million is coming off of on June 5th... 150 mil on Aug 15th..
What else is there that I am not aware of?... Why aren't we going to start climbing after the August sell offs? Especially since a ton of things are going to come to fruition then.. even new games from Zynga...
Precisely what I am thinking...
But...
What about those expiring lock ups. Wouldn't those also cause a ton of sell offs?
Well if you believe in my reasons for why we went down... and this is something I've been saying for months now... then you would see us going up...
My only concern is if the price is not that high, I'd not want to stick with a lot of worthless options and lose the little bit of $$$ remaining. Since options are 10X more volatile then the stock , it's a lot riskier.
Yeah, sorry that makes sense.. I figured it worked like that but I wasn't sure..
Well then, you should totally do it.. I really do think the price of stock will be a LOT higher than now in Dec...
Do you know how options contracts work?
CALL OPTION : Dec 2012 Strike $5 - each contract = 2.10 / each contract = 100shr
So you pay 2,100 for the 10 contracts or 1000 shrs
If you EXCERCISE the contract, you get to buy the 1000 shares of Zynga stock at $5 a share. Else you could sell the contract if they are appreciated, so lets say the stock is worth $14 on Dec and the 2.10 you paid is now 5.10 for each contract, do the math
$3x1000 = 3000 profit if you sold the contract.
Else you'd have to cough up $5000 to buy the 1000 shares,
you instantly get the price diff from 14-5 = 9/shr .
1000shrs worth $14,000
Bought @ 5.00 through option : $5000 + Option Premium of $2100 = Total $7100
Mtk Price - 14,000 . Cost to buy $7100 - Instant profit of 6900
ONLY if the stock is worth that much in DEC. else do the math!
Do you really believe the price of ZNGA will be around $5 on or around Dec? In my opinion, that would be a mistake. My opinion, ZNGA trades at $13 - $14 at around Dec...
I didn't think you could short a stock until 5 days after the IPO... I hate these rules from Wall st...
Zynga was trading at around $8ish leading up to the IPO of FB...
Right. You just have to have a margin account Because you can lose more than what you have.
I haven't had enough time to study and learn options as much as I'd like too so at the moment I just am doing regular trades. Though hopefully by December I'll be ready. :D
Ah ok so he is doing something different.
I was thinking up strategies to recover the heavy loss on my end from Znga.
I was thinking of getting in on the dec 2012 5$ call @2.10
10contracts @ 2.10 = 2,100 premium
potential pps of znga @ dec - est around 12
10 options = 1000 shrs
I'd have the option to buy up 1000 shrs of znga @ 5$ share
$5000 + 2100 = $7100 spent to buy 1000 shares.
If i was to sell the 1000 on expiration date $12000-7100=4900 instant profit. I also can just keep the stock or sell the contracts @ current prices for a profit.
Granted this will ONLY work if the PPS on Dec is around that price.
My losses to date are around 2500. So that would be nice!
weeeeeeeeeeeeeeeee
O I am right there with you. I can't wait to see this go up. However I think it is due for another sub 6 correction 1 or two more times before I'm comfortable getting in with a buy order.
I actually tried shorting facebook the first day it came out and the next 2 days but it was unable to be shorted (I forget why that happens sometimes). I knew facebook was going to flop hard but I was so focused on facebook that I didn't realize how it would effect Zynga. It makes sense too me now and at least I can benefit by adding another strategy to my trading analysis.
What was Zynga at the week leading up to the IPO release of FB?
I thought option based shorts you could only lose the amount you paid for the options... a put or a call option...
What he has is buying on margin I think... he can potentially lose a lot of money since he has to cover... an option you don't have to cover (I don't think you do)..
Thats an option based trade right? can you tell me which one is it, I have acess to a lot of styles but have been trying to figure out which one that specific one is...
Ah, the reason I asked was, I would certainly have shorted the crap out of Zynga at $14... but I'd have had to have a fair bit of money in my account to short the number of shares I wanted to short...
Well, I would wish you good luck, but I do want the stock to go up... we'll see what happens.
"XYZ" is trading at $6. If you want to short 1000 shares of "XYZ" at $6 then you have to have $6000 in your account to do so. Now you owe 1000 shares regardless of what the pps turns out to be. Can be really awesome but can potentially be exponentially devastating too.
I don't enjoy it much but every now and then I short. Though if I had a lot more funds I would short all day. :P
hey just curious, how does shorting work?.. can you short any amount of shares? How much money does it cost?
Shorted 5000 at 6.24
I'll buy to cover and reenter for the ride up at 5.85-5.90
It is looking really good... I still don't know what is holding up the sellers, I would have assumed more ex-employees were going to sell... but either way, I'm happy for now.. I would like to see more of a short squeeze happen
Take a Listen to ZYNGA's business with Mark Pincus >
Followers
|
248
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
10371
|
Created
|
05/28/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |