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why is that?
Im no expert in charts, but looks to me as consolidating for another run
But why would a buyout be negative for the Guinea government? Buying the company doesnt necesarily mean getting read of Ray...and would probably mean more funds for the oil explorations, digs..etc..
however 11 per share seems as too high for me. I havent seeing buyouts for 10 times the current share price or so. Usually nothing more than 3 times or something....maybe Im wrong...can someone with more knowledge on buyouts comment on this?
EVERY big analyst and financial institution does; only a million daytraders an individual investors are panicking, selling, and shorting the stock; the big guys are betting on it, and placing target prices way above the current one.
IMHO, its a hold and even a buy right now. Im holding my shares.
Actually, as a trader Ill be more than happy with a buyout between 3-4$. At'l be a good trade for me...
mm...Im checking the chart; for the past year, every positive run in the SP has taken on average, a bit more than a month.
For example:
Ago 8 - Sept 16: from $.66 to $.90
Oct 4 - Nov 14: from $.60 to $.79
Dic 23 - Jan 23: from $.53 to $.65
If there's some news coming that will pop the price in less than a month, that'll be a first timer with this company. The equivalent of "we found oil!" but in gold mining; that doesnt happen to my knowledge, the only thing like that would be very positive Q results, or what really pops a SP, a better than expected Q results. And PTQ has a record of under-delivering, and we do know how the Q results are coming.
What you guys think.?
I also wonder..the people in here that are so confident that the price will fall some more before going up; why not short it and make some money on the process?
Back when I did, the SP was continuously rising and it went all the way from mid .30s to $1.1 in a few months. Thats a positive sign to me.
Just make sure you know how much you're loosing when selling; its pretty f..ed up to sell with a loss, then see the share price go up and cover (and you could have lost nothing).
Thats what I like less about margin: there's a time-pressure working against trading judgment. It has caused me to profit very little on some ocassions, on trades that without pressure I would have waited and see much larger one.
Im on margin on ZNGA also; but I think itll pop up again in a day or two.
Good luck
I do; big difference. With margin you pay an interest until you sell the position. Also, if you sell for a price thats lower than the buying price, you then have to cover that difference. So its a risky thing...better to do only if you're pretty positive that price is going up, and then you gotta sell soon.
Same here.. Shoulda..woulda..if".. etc.
But Ill hold because I trust have confidence in the mid-long term recovery and upwards with this one.
Is the SP fading into oblivion? What pushed the price at double the current level a month and 2 ago?
Agree.Everything runs in cicles. Zynga is far from being a failed company or business. Its going through a bump in the SP, not even in the business itself.
Theres a reason why the price target they put is way above the current price. Patience, we'll be rewarded on the long run.
And there..10% down!. Proves my point.
good to see it up.
Agree. But considering the history of this stock, I preffer to wait and get back in only after theres a trend upwards, even if that means loosing some oportunity at the begining.
Better to win less than to risk loosing more here...
All this talk and activity here..and volume today is 0 and SP is static. What a joke. Wake me up when this stocks moves anywhere.
"huge overreaction"
that sums it up IMO. Price went down too much too fast. Good buying oportunity IMO.
The little Ive learned in two years trading or so, is that things that look like dramatic and like "written on stone" today, can be completely in the oposite direction in a matter of weeks or months.
Todays criminal is tomorrows angel, and viceversa.
It wont surprise me if ZNGA is being pumped, admired and the SP is popping in a short time, and people wont even remember this little bump. Ive seen in it time and time again: $HDY, $BWEN, and others.
Ignore the over-reaction in the markets, hold on to those shares. Dont sell on panic nor buy on hype. The big guys are shooting target prices in the range of 8 - 11. That works for me if I buy at 5.70 or so. Im holding long.
just check out todays move..its already almost fully recovered from the slump early morning; it wont impress me if we close green today. and then keps climbing again.
IM holding both and happy.
agree 100%
Congratz. i agree, you got in at a very good price. i dont think it will return there in quite a while. Got the feeling it might boomm soon
$6.10 in after hours. Nice....
Xactly.
I just wish I had more $ to buy when it went down to 5.85$ or so..
Im holding long this baby. WOnt surprise me if it hit the teens in a few months...
I understand this is the news tomorrow.
Zynga to ‘unleash’ games on cloudy outlook - MarketWatch http://on.mktw.net/MvdDRS via @MarketWatch
6.10 looking like resistance.
But heck...IMO this is going up, just a matter of time.
True. But considering the current hype about zynga, I see it more as a small drop before the pop.
Youre joking about trusting your money to a computer program, right?
Twits are very positive for ZNGA this coming week..lets see if its it does happen. Im positive about it, bough some for the probably pop..
"If you know something is going to be a very, very, good investment, then you are happy to obtain more and more of it at a cheaper and cheaper price in the interim"
I agree, thats why I bought carnival when the cruise accident incident. But that applies when a stock is at a certain level, falls dramatically for an obviour over reaction by the market, and starts to climb back.
PTQMF's case, where the price has BEEN FALLING FOR A YEAR NOW, doesnt fit the case. Theres no sudden dramatic drop, no over reaction, no big incident. Its just been falling constantly. To observe a falling price for a year and not even question the validity of the overconfidence on it going up again is not..wise IMO.
Xactamondo.
This is the only forum where Isee people happy to see their shares go down in price. Anywhere else people is worried, angry or both when it happens.
Go figure.
thanks, but Ill be when theres a signal that this might go up...
I guess some in here are celebrating the 5% down today.
The whole market came down hard yesterday. Patience, and buying oportunity if you have some powder left
follow you"
LOL!
Agree at some level.
There is lots of politics, I dont like the selling of C&W either.
But I do know a lot of people who are actually there protesting, theyre not into poliitics nor infuenced by them. They're sharing opinions and stuff on social media, Im reading it as I write this. Theres a lot of discontent with the situation...politicians try to take advantage of it, but its not all thats going on.
SOme might been paid to be at the Asamblea, but believe me, I know some people who attended and they are not into politics in general, they are just pissed with government. A lot of people is...not everybody protesting is into politics or getting paid.
Shitty situation that affects the economy in the city.
Copa is Panama.
Petaquilla is a gamble.
The first has been goin up the past 2 or 3 years, Petaquilla has been doin the opposite.