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Pincus is at a conference tomorrow till friday... wonder what he's going to announce then... my guess is it will be positive...
It is probably shorts slowly covering up...
Guess someone is keeping that price from dropping below to 5's
Probably the MM's
DejaVu! Any one here remembered Motricity (MOTR)? I was in that Tsunami not long ago just like what is happening to Zynga right now, as soon as lockUp expired, Sell Off started, took only couple of months (postIPO high$31+ and at a time it lockup expired pps around$20) took a year+ for sell off to $.55, stock never recover since, but their business model is difference from ZNGA though, I dont thinks is will be that bad.
Zynga will recover and come back stronger, shame on you FB and Shorts.
Be ready when a buying time is right. GLTA.
BTW, I also sent a message to a bunch of ex zynga employees to try to not sell and to make the shorts pay... we'll see what happens with that...
lol.. no I wish... about 325 million shares belonged to them for this restriction period... but if majority of them don't sell because of the low price.. watch out..
56 million is a lot of short! Is that how many shares belong to the employees?
Don't forget to factor in the 56 million shorts... if for some reason majority of the ex-employees decide not to sell, those shorts will be in huge trouble... I'm not saying that will happen, but for instance I'm not selling and I hold a lot of shares... I hope there are more like me who won't sell.
I say its mostly 50% FB and 50% ZNGA insiders who probably got their stock at par or over par. Which is probably around $1~2/shr
Lockup period for internal employees expired today for some. I don't doubt they've been selling it all to get the most $$$ they can. Thus far zero good news so this will keep sinking.
Jump ship while you still can those who've lost a lot of $$ and buy it back at a far lower price so you can regain those losses a lot faster than waiting for it to reach break even at this point can take some time.
Is it ugly! I blamed 40% of this sell off to FB for stiring this muds beside to other shorts and insiders. I gess, let's buy BIG when it hit $5's then, is coming IMO also, I couldnt understands why most didnt wait until price is higher than current to sell for more $$.
Sorry HotRod, You'll get your $$ back evetually.
GLTA
Even if it were not S&M.
It would still be a lonnnng way off before such would happen.
AIMHO? $4.93
Thanks fellow holder(s). You're right. Despite the multiple crushing down days, it's great to see optimism in the group. Thank you.
I agree and know that more good is coming Q3 and Q4. The release of shares between now and September is going to hurt. Buying back in, or averaging down under 6, good idea folks.
Hotrod,
There's a lot more than online gambling that are coming to fruition... their platform will be a big one and that'll show more growth Q3 - Q4... tons more things as well...
I'm going to try as much as possible not to look at the stock... The price drops are as a result of employees selling... this will continue for a while... if you haven't gotten in... look for a price around $5... I might even buy some at $5.50 and avg down at lower.. Basically these prices are gifts from people who got them lower...
Buy and then hold till beginning of August...
True online gambling "can" make a huge profit... Granted that the laws will be passed. Remember its still not legal in all states... so this will only be good if it does in fact become a legalized system. Else. Its just smoke and mirrors.
The markets right now are hurting thanks to the Euro Crisis. Expect that to do so much damage! Ripple effect to all sectors!
-GLTA and may money fortunes smile upon all of you!
I think a lot of us early believers are in the same position. Good for you though! Sometimes you just have to walk away. Sometimes you have to wait. This one has taught me the meaning of suffering. I believe, like others, based on forward looking information that Q3 Q4 will be better.
yeah sorry for me, i lost half the investment, Had it purchased during the 2nd week of ipo at 8 ish and then again at 13. lost so much $$ i decided off with its head. for now.
Going to buy back when it goes to its lowest peak possible im guessing in the 5's somewhere.
Sad we were at 15, now 6. These insiders that got in under $1 have made a mess out of this trade. It's cool though, and it is what it is.
Knowing from insiders that they are pushing forward with online gambling will be a key to this position rebounding Q3 or Q4, which has been mentioned here before.
Couldnt understands why most selling at this lowest level ever beside shorters, along with FB :o( I guess Is a Buying/Avg.costs opportunity then!
Sorry if anyone got ZNGA shares at a higher pps.
you will get a bounce somewhere but it won;t last very long. This is junk and is getting treated as such, finally
I agree with you Poker. That's why I decided to sell out now and buy back when it hits a real low peak and I feel that 5's is as low as we will see this one, hopefully not lower than that.
GLTA
Over 1 million block sale. Dear Pincus, please show some leadership and get control of your insiders.
Thank you and I think it will be wise to wait and then sell some..Znga will go up..you and I both know it..too much in the works with Pincus doing deals in furture to make Znga stronger! It is hard to be patient and not loose faith..I have several stocks I am holding that will not go up until fall...just have to ride the boat awhile..it will payoff in long run for me I know..it is hard to be patient with this rocky stock market!! Summer is always tough time for mrkt! Have a good week..thanks for keeping us posted Poker!
Let's put it this way... I'm not predicting lower than 5's... the short interest is at 56 million right now... it is sick... like 1/3rd of the float... but yes, will be probably covered soon..
Thanks.. good luck to you too... after mid june, I think we should start our uptrend... we'll face some resistance at mid August with the 150 mil shares or so.. but sweet sailing from then... Lot of good news looming around Q3 and Q4...
So you are predicting mid 5's, or you do not think it will go much lower than it is now? I hope you the best as well, I am long on ZNGA.
I'm pretty frustrated, but have given up... I'm not selling tomorrow or even 2 weeks from now.. I'm going to just hold...
I know a bunch are going to sell... but that will be over the next 2 weeks... And shorts will get to cover... I know one person that is unloading 37k shares tomorrow, and another unloading about 100k shares... that's all I know...
I would wait before jumping in... mid 5's think about jumping in... might not go much lower... I think after 2 - 3 weeks, she goes up a bit...
LOL, I quit playing BAC when it was a nose diver at the end of last year. I'm still in shock that I saw when it dipped under $5.
I hate when I am so focused on some stocks and miss out on great opportunities on others. Can't win on them all!
Hey PokerV. What is the skuttle butt around work on how many employees might be selling from the 29th thru 4th? Large amounts? I still bet Zynga drops this week and some next..because of this possiblitiy. I want to buy..yet my gutt tells me to wait..more so..and then I will ride it out..unless something huge come out and it runs..I know you have been frustrated ..hang in there! Thanks for all the imput you give us all!!
I think so too..will be watching this close this week and next and put a bid in of 20k shares and see..how low this pupply goes. I bet $5 is possible..who knows..maybe lower? I will go long if this happens!
Agreed. A predictions for FB out there was a high$13 and $44, I like to own them after earning/90 days up if they are all good, any price$ I am willing to pay (I did send orders to buy on Friday 18th @high$38, my orders was rejected from some odd reasons I got so lucky that it didnt go throught; otherwise, I might have already lost a lot$). Too much grinding on Facebook right now and going forward> this mess will be costly, but they can affords it, that also effects Zinga stock price as well, eventually things should get back to normal soon.
Good luck.
I feel that Znga May even go below 6$ thanks to FB.
All the negative PR surrounding FB right now is going to make znga hurt even more than it already is, more than 50% loss here. Sucks that FB did so bad but that's what they get for insider trading and flipping their estimates last minute. This lawsuit will really come to fruition since what they did was clearly illegal. The NASDAQ is part to blame as well.
I'd hold off on buying this one until the price stabilizes and the lockout period has passed at least by 1 week or 2 just to feel the market out.
Good luck to those on Long and everyone else!
More things you don't know about how the sell off works... I can't sell before the 29th.. I can't actually sell on the 29th either.. There is a 48 - 72 hour period in which the stock will get transferred to my brokerage firm, so the earliest I'll be able to sell (if I choose to sell) is probably the first of June (if I'm lucky)... or else it will be the 4th of June...
And don't assume I will sell... I might just choose to hold my stock and sue Zynga later for how much the stock fell...
Woh! That's means and uncalled for, avoiding is not a solutions...you are bluffing right? I still like you :o) eventhough you probably be gone from this board after you unloads all your shares by May 29th anyway,
Enjoys your weekend.
I'm going to avoid talking to you from now on.. you can look at my previous posts and you can see it wasn't just a sell off in the first week of May.. Read my posts, don't waste my time.
Everything is based on the public to see.. they just have to see my posts, which were *before* your posts...
Secondly, when you say things like +70% increase over the next three months, it makes me wonder if you know how the stock market works..
The shares that the employees have are PART of the 736 million already.. they've already been accounted for... I think your lack of knowledge can mislead a lot of people... please do your research and then share opinions in the future..
Please tells, What's your predictions again, a "Sell Off" in first week of May and...? Sorry if I've been disrespectful to you, I like your posts, I am just trying to analyse what is/was already out there for discussions, maybeYou/I might mis-readed/interpreted in wrong ways, who know :o)
Remember honestly, Always JMHO.
Hey now! Sometimes I dont really know which side you're on, everything's is/was base on what's out there for a general publics to see.
DID I MISREADS THIS +70% over the next three months?
"The company currently has about 736 million shares outstanding, meaning its share count could increase by more than 70% over the next three months, though not all those shareholders may elect to sell at the currently depressed price. The effect of post-IPO lockups on stocks is unclear. Theoretically, a flood of new shares hitting the market can depress prices, based on the dynamics of supply ..."
Well, actually my predictions came true.. You based your predictions somewhat off of mine and now taking a skewed direction with it...
Also you seem to be misunderstood about the shares being sold, you think they're additional shares...This is wrong..
This is why half information is BAD...
70% increase of the Outstanding share count is WRONG. That count isn't increasing because shares are being sold...
PokerV. I know, what do you thinks? I am willing to compromise, you are parts of my calls/predictions I made, is all added up you see, now I'll need to consults you and majority of the boards here if this fluctuation pps for Zynga is a good entry price yet, I know, I'll need another .50 points to go to fullfil my target, I still believe in you that you know a lots better, and I am willing to accepts any possible outcomes...good nor bad.
I am just another investor with an opinions, or you can compare me to this professional guy with his predictions: "...Facebook shares currently would need to be trading at just $13.80...". I know is confussing sometime with all constant of these daily news.
JMHO.
Tom, What are you talking about?
70% more over the next 3 months??
Your predictions occurred?
Explain...
WHAT DO YOU ALL THINKS @mid$6 seem like it want to float at this level. IS IT A BUY OR NOT YET?
Serious suggestions please ASAP, considering to reEnter.
Thanks!
actually this has already been woodsheded. Gekko told me it's a dog with fleas- cya in the 5's soon
ONE MAN OPINIONS...I HOPE IS ANOTHER MAN TREASURES!
...Good news, Bad news is just keep coming!
"Technically I don't see any reason to buy Zynga here, as it is still locked in a descending channel. It could be weeks or months before the stock gets the catalyst its needs to breakout. I believe the ending lockups next week and over the summer are unlikely to push the stock much lower. Many insiders might not want to sell at these current low prices. Zynga also has 26% of the float sold short, and any good news could create a strong short covering rally."
_______
• Zynga has already said new games are weighted towards the back half of this year.
• With all the negative news surrounding Zynga it is important to note it is still a fast growth company, adding employees, creating new games, and expanding their reach to new platforms. The company is a long ways away from fully monetizing their over 200 million monthly active users.
** With over $1 billion in cash and no debt the company is also in strong financial shape, and in position to make key acquisitions.
• Zynga (ZNGA) has been under pressure lately, falling to new lows. The disastrous Facebook (FB) IPO last Friday, as well as next week's ending of the lockup period for Zynga insiders to sell have been cited as the reasons the decline in Zynga's stock.
• When you look at Zynga compared to other game developers, I think Zynga appears to be reasonably priced.
GLTUA.
Good morning. YES! Sell in May and Go away is happening this year per historical accounts (but last year was an exceptional).
Here's what also scare me off from buying right now with this "Sell Off" clouds hanging over my head, and my current predictions occured:
• May 29th: 335 millions shares
From "Non-Emplyees"
• Jul 6-Aug16th: 50 & 150mil shrs.
From "Board & Executives"
* 736 Outstanding + 70% more over the next 3 months
JMHO GLTA.
Well.. I do think it will get down to $5.50 +/- 0.5... but I do think we'll start going up starting september...
Alright is a deal! Is must first reaching $5.50 +/-.50 before is reach $12 any day from now 'til December 2012, my predictions still stand. JMO.
GLTA.
long before december. Should be within 30 days
My prediction for Dec (Q4 2012) is $12 +/- .50
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