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.
Wow congrats! I presume you are a trader, what's the next move, I like to follows that $$ too.
LOL? Thanks for the trading tips!! I'm already out with my profit.. in at 5.92 out at 6.03 money in the back..LOL!!
next
Do what you please but Why! Dont Buy high/Sell low unless is necessary. My suggestions is set a Stop limit @$5.5, if they are executed then buy them back @$5 or lower; otherwise let it ride! this should be a good reasonable low enough @high$5 since you're already bough in, unless you are short then never mind.
_____
• 12:06 (Dow Jones) After getting pummeled this month amid large patron Facebook's (FB) dour IPO, Baird upgrades Zynga (ZNGA) to outperform, helping the game developer keep out of today's swath of red ink that's again washing over the equities market. The investment bank is keeping its $13 price target on ZNGA, saying, "Despite the prospect for mixed Q2 results, we see positive catalysts ahead with a more favorable risk/reward scenario." It adds that despite the worries about ZNGA's reliance on FB, the relationship "still provides a unique competitive advantage. Moreover, our industry checks suggest that other game developers are shifting focus away from Facebook, in part because of Zynga's 'most favored nation' status." ZNGA is up 2% at $5.99 but down 28% this month. (kevin.kingsbury@dowjones.com)
Seen like ZNGA hold up real well for another bad market day, let's see for another couple more weeks what's really will be for sure. I am still considering on buying, anytime when my price is right.
GLTUA.
whatever..trade em, don't marry em
Well, the ex-employees haven't finished selling yet, I don't think so... I still anticipate more selling...
loaded ZNGA at 5.92 and it's looking good so far.. maybe it's finally at the bottom?? i'm not going to marry it, i will sell if and when it turns down
"Never say never, any social network is trend oriented. Look at Myspace?"
Myspace's business model was different, also they didn't have close to the userbase that FB has.. once again, there's nothing close to FB right now, so to suggest that they could go bankrupt tomorrow is without any merit whatsoever.
Their business model being "highly flaw'd to say the least" is your opinion, not fact.
I still don't know why you associate FB being hammered with Zynga man... they're unrelated, only time it would matter is if FB went bankrupt or is perceived to go bankrupt because that would affect Zynga's revenue..
FB is not going to go bankrupt in the foreseeable future. So associating the two together is a fallacy.
A nice run south, Anything below 6$ means no good regardless of the small gain it wont last much....
FB's being MC Hammered today hard!!!
ZNGA is having a nice run today
Reversal time? Maybe, is look like it is.
Just wants to share, June 01 is a DejaVu again for Groupon (GRPN), also Zynga's brother with another buying opportunity!?
__
• Groupon is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
• Groupon's lock up period ends on June 1, and will free up more than 600 million shares on the public market. The company priced its IPO back in November at $20 per share, the company closed at $11.79 Tuesday.
If you like ZNGA and FB, add Groupon to your lists and Good Luck!
6 due to analyst upgrades but that is all fluff. I'd still hold on buying this one, its already going back to 5's
Keep your wallet safe and hold until further notice!
ZNGA bottom is now here. load da boat boys and girls...
huge short position,, wait for a bottom than buy... $$$$
Yes Poker I will get in fast and long at $4.75 or the low end. Not before..then I WILL ride it up..and stick it out like I am doing on Pharm stocks I own. I hope that Fall will be profitable this year! I have stated before..I usually go with my gutt. I believe in Znga..I do and have done pretty well in past with it..so all we can do is ride this out and wait..it is stressful..but should be benificial in long run. We have alot good traders in this forum and helpful..I think we are all watching out for each other..in times like this..it is good to see everyone pull together and be helpful and professional. GLTA!
While I do think it will start going up at the end of August.. I do think that the price before august will get to around $8... and during August, we will be fluctuating around $7ish... so I don't think we'll be at $5 at the end of august and then start climbing "okay.. ready ... set ... go" from $5.. no...
It may go lower than $5.30.. I don't see it going lower than $5.. but we're splitting hairs... even if $4.75 is bottom, are you going to buy your whole lot then?.. and risk not getting in at all?.. You do know when this thing bounces, it will bounce hard...
either way, I don't recommend buying in for another 2 weeks anyway..
No, selling isn't going to stop for another 2 weeks.. and also remember June 5th (50 million shares)...
Which is why the whole thing extends to around last week of June I think...
Unfortunately employees that got shares for really cheap, are really just thinking about cashing out to buy an apartment or something... and majority of these are not savvy investors, this is likely the only stock they've ever owned... They don't know what's right or wrong, whats up or down.. they just know
"If me sells me get money now... if me wait.. me may lose"..
If I were you, I wouldn't buy right now.. wait for 2 weeks at least...
I honestly feel we will go lower unfortunately! I feel we could see $4.50-$4.75. I will jump in then for sure! I like PokerV think it will go up end of Aug. This is not going to stay this low for a long time. It is too active too! FB hurt this stock bad..Pincus Like Zuck has Po alot of investors off. He for sure needs to start pulling this up..and fast with some great news or new products! I will be watching and see what the sell off brings us next week or so. Yet..I am still amazed this has happened..Europe has killed the mrkt and we had such a good S&P going until then!! GLTYA!
I held back some funds for the scenario that it might get that low ($5.30ish) but wanted to be in just in case the bottom was in today. At least the selling seems to be slowing down. If I was an employee there and I didnt have a financial need to sell then I would stash the shares away and wait it out.
In my opinion I don't think we will see below $5... I think we bounce hard at around $5.30ish... I do think there's a lot of people waiting to get in, and they will around there... shorts still have to cover as well..
I know there's still a fair number of possible sellers from ex-employees, but I think many have sold already, will continue to sell... but some have chosen not to sell..
A good entry in my opinion is $5.50.
Totally agree. Looking for a reversal very soon. Been following this from the beginning and was in and out before FB IPO but established long position today. I think this will get back in the 8s next month and then level off there for awhile. Looks way oversold right now.
Never say never, any social network is trend oriented. Look at Myspace? There is always something new on the horizon, thats why its not a safe gamble, unless they can destroy any oppositon.
Their main source of revenue is Ad's which people dont even click. Hence the loss of the GM Contract.
Their business model is highly flaw'd to say the least. Name recognition may win you the popularity contest but it won't get you far without money. They will need to quickly revamp their efforts to push for more aggressive ad's once people will actually see instead of ignore. Either that or come up with other ways to make money.. one's that investors will take a liking to and pour their millions of dollars into.
Znga needs to become 100% independant and self sustaining on the revenue stream
I would do buying a lots of ZNGA @$4.50 any time, otherwise with/when a majority of this boards agreeing on a price$ that is low enough or at a bottom, 2 out of 10 votes that would be good enough for me since we are all in here follwing Zynga closely daily and have so much similarity agreeing on the matters, with some exceptional here of some of you, OF COURSE!
I love to buy at its lowest pps possible, let me/others know when is a good time to acquires, PATIENTLY I AM WAITING...baZYNGA!
Thanks and GLTUA.
Well, but that's my point.. your example is not valid, because FB is never going to go bankrupt, definitely not within a year..
In my opinion, we're going down because of the following:
1) Employee's selling.
2) Massive short interest because of knowledge before hand of employee selling.
3) Lack of buyers (who would buy when they know employees will be selling so much?)
4) Yes, to some extent, FB's IPO has had an impact on Zynga's price (but this is completely unjustified in my opinion)..
Once the employee selling finishes, we go up.. period..
Revenue is Revenue but from the WallStreet perspective its like this.
Kodak and Zynga are partners. Zynga relies on Kodak for its 92% of revenue. Then Kodak goes bankrupt. There goes 92% of your revenue. Your stock shits the fan and then you face most likely banruuptcy as well.
I know that example is far fetched but either way it is not impossible in a real world scenario. Granted FB has $$$$$ but if they lack good means of executing that $$$ into new ways to make money then you might as well be giving your cash to monkeys.
It'll be low due to all those lockups expiring. You've been right so far, everyone is selling. It will keep affecting Znga as well as FB going down as well will keep hurting Znga all the way down...
True... but this is short term.. just wait till closer to the end of this month and see ... I predict we will start uptrending then.. but I'm not sure where bottom is for now..
Okay, so this is the part I'm not getting...
Why is Zynga being 92% dependent on facebook such a bad thing?.. Revenue is revenue... The revenue that Zynga is making off of facebook is completely independent from FB's valuation right now...
If Zynga is making a billion dollars a year in revenue off of facebook, what does it matter if FB's stock price is plummeting?... the two are unrelated in my opinion because facebook isn't going to die off... it has 900 million users right now...
I disagree with you on the Low 5's all the way to Q3... completely disagree... I do think we start moving upwards from close to the end of this month on wards... but we do have a hiccup in August...
Zynga in $ is worth by far a lot more than its competiton GLUU mobile and go figure Znga stock is getting close to GLUU's stock price, today it was at 4.54. Thats not very far from it. Verus when it used to be at almost 16 to 3~4$ . thats a huge difference.
I'd do what Tom said and hold your $$$ in the safe for now and invest when the LOWEST OF THE LOW hits, in your opinion and then buy in and when it goes back to 15/shr. (in 2-3 yrs) laugh all the way to the bank.
Agreed! Is gonna get uglier. Any things goes, the ways Zynga trading down daily, $4.75 or lower is POSsible now, along if Europe is still in troubles; plus is still a long ways to August...is will be brutal. Is also IMO.
Get your fund$ aviable and ready! that's what I doing right now, I am still having a high-hope for ZNGA.
GL
PinkAss can't do anything right now to bring this back to life.
People don't invest in promises they invest in facts.
Even if his speech at the D10 was providing some insight at to the company's forward looking statement. It won't change the fact the 92% of their revenue comes from FB and that is hurting them.
http://online.wsj.com/article/BT-CO-20120530-712871.html
Zynga being independant from FB is years away. You can't become independant of your mother when you have yet still able to walk alone. 92% is A LOT of dependance.
This won't score him 15$/share anytime soon. No way no how.
Expect this to keep on going lower Low 5's all the way until Q3, hopefully not the case for those in long w/ lots of $$$ invested.
Looks like my short limit order was just 2 cents two high. :( Could of been a nice day for me.
I also had a buy order in for 6.82 that I put in 2 hours before the close. Didn't get that either. Very curious as to what tomorrow brings us all. GLTE
29400,00 SHARES TRADED TODAY SO FAR Do you think this thing could go as low as $4.75? WOW..this has been such a good stock to trade..how things change so fast!! Pincus..better get his A game going and soon!! I really am disappointed this has gone so far down..never did I think this was going this far down!
Wow! a POSsibility is endless.
___
• CEO Mark Pincus said Wednesday morning that real-money gaming could see an "explosion" among the game industry, if the regulatory environment changes to allow it. "If the regulations change, it will be big for all gaming," Pimcus said on the stage of the D10 conference in Rancho Palos Verdes, Calif.
• Zynga Poker is one of the most popular gaming apps on Facebook. Pincus also discussed the company's recent acquisition of the "Draw Something" mobile game, noting that making large acquisitions "is not our model," but that the company will look at buying new games that it feels it can support in the marketplace for five years or more.
YES! THAT's WHAT I SEE TOO @LEAST 5 YEARS GOING FORWARD>, WITH CURRENT TSUNAMI IS WORSE THAN JAPAN...IS WILL TAKE 5+ YEARS TO CLEAN UP AND REBUILD baZYNGA, NOW IS A BEST TIME (almost there) TO ESTABLISH A GOOD FOUNDATION ON PPS TO ENTER/AVG.COST$.......................$5 +/-.50 ? THEN LOADS UP, ZYNGA WILL NOT GO DOWN.
JMHO GLTUA.
,,,,,,,Reverse split neeeded ROFL....delisting next
Even if he does announce good news, it wont jumpstart this stock back to 10's.. Pinkass needs real revenues, a banging new game. Something to make shareholders scream with joy. Nothing now will change the lack of enthusiasm for this stock. Expect it to keep sinking and sinking, smelling low 5's
this POS kept tanking since who knows when. lol and supposedly they got billions
Zynga...Zynga...PinkAss! LoL baZYNGA...how low will you go Huh!?
____
• Zynga continued to tumble and slump 7.87% to US$6.09 after hitting a new low of US$5.98 earlier in the session. More than 48.20 million shares exchanged hands, more than double its average volume of 22.63 million shares.
• Shares of the company have been showing heavy selling pressure ever since Facebook, Inc. (FB) made debut on the stock market on May 18, 2012. Zynga generated majority of its revenue from the world's largest social networking platform. Shares of Zynga have tumbled about 27% over the past one week, while shares of Facebook have fallen 25%. The company made debut in mid-December, 2011 at an IPO price of US$10. The stock quickly moved up to US$15.91, its new high, by early March, 2012. However, the rally was short lived and the stock started to see selling pressure. Late April, the company posted third quarter loss due to stock-compensation expenses.
• The company reported loss of US$85.4 million, or 12 cents a share, reversing a year ago profit of US$16.8 million. On an adjusted basis, the company would have earned 6 cents a share. Revenue during the quarter jumped 32% to US$321 million, from US$243 million a year ago. Insiderslab.com found Ko David Y, Chief Mobile Officer, sold about 18,523 shares on May 22 at price US$7.12. To increase investment return, Insiderslab.com refers insider trading data to professional investors as it believes that company insiders like Executive Officers and Directors have a better understanding about the company's prospects.
Zynga must see a better day soon, Hang in there.
Best of lucks to All!
That's a good point... actually I do think even though many things were announced or that people know about, buyers stayed away from this stock because of employees selling... this is an outlier in my opinion... once the sell off finishes, it is common sense we should climb up... and we have a really big short position still that needs to cover...
And I do think Q2 should be decent... well it will be mildly good, but still good... Q3 will be fairly good and Q4 will be better... Lots of good things to come and we are at the bottom right now (almost, but possibly splitting hairs, who knows.. we'll see)
Doesn't pinky need to announce the dream works deal officially still?
If I were you I would really hold off on that short position... I know quite a few of zynga ex employees that sold today... I found out later they did...
I'm sure more selling will happen tomorrow, but I do think we may not see the low 5's... I think you might be taking a bit of a risk at short selling especially since Pinkass (this term should hopefully stick now) is presenting at a conference tomorrow and till friday.. who knows what will come out of that hypocrites mouth... it may be good news, in which case you just got hosed...
Some very great information flowing in this board. Very nice to read and some very respectful people, which is always enjoyable.
Though I did not see too much openness about positions and plans but I understand as most consider that "too" personal to openly provide. However I don't mind being open in every trade positions I have.
I am setting a short sell order for $6.22 tomorrow. I'm thinking a sharp correction in the morning before it starts the next trend onto further 52wk lows.
I don't short sell often so anyone who is long I will eventually be joining you soon. <3
I'll be around hanging around this board for probably the rest of this year. Definitely has quite the "tradablility" factor in many areas throughout the rest of this year.
(Sno's plans and Sno's opinions are both subject to open criticism and constant changes. aka "melting") :D
PinkAss..GOOD ONE POKERV. LOL LOL HE BETTER GET THAT PINK THING MOVING!!! lol
It is in the S1 filing..
Next one is June 5th I believe (50 million shares)
Next after that is August 15th (150 million shares)..
I think that's it... there could be more, but I am not aware..
Hahahaa pinkass , this is just too good! :D
+1 On making me laugh today that was well needed after having sold my shrs today at a substantial loss. I needed that.
Pinkass will need to get himself moving fast to total collapse of this stock!!!!
What are the next lockup expiration dates? You seem to know a lot about these
That's really bad.. damn... well, I hope he has more aces up his sleeve, but I don't think pinkass cares about the stock right now... most importantly because he knows ex-employees will sell and start their own startups (like I started mine)... he's a joke and a hypocrite.
Better be because he just lost a CTO (veteran).
http://techcrunch.com/2012/05/29/game-closure-laurent-desegur/
Wow this is a blow to the 'nads if I do say so myself.
No PR he will release will help recover from this disgrace!
Like you said there is 325 million shares held by insiders. This is scary!
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: |