Contemplating my business/loan disasters of last year.1@
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But apple is up today... I know I had said not to invest in GLUU.. but I bought in now... we'll see whether that was a bad move.. I think they're really undervalued.
Only a small position.. 5000 shares...
What's going on with GLUU? Were they this overvalued before??
I know... wonder what's wrong with gluu..
Yeah, there's a new TV show coming up called:
Geeks are Definitely the New Rock Stars
"Get a glimpse into the lives of these tech mavens where the future of the world is in their hands."
If any thing spells we're in a tech bubble, it definitely is a REALITY TV show based on these jokers. Unbelievable... Get out of the market now while you still can, save yourselves!
GLUU fell because earnings are going to be bad... really bad on November. An analyst spoke with management. Stay away from GLUU until after earnings... yikes.
Glu Mobile mentioned cautiously at Northland Securities
Northland Securities made cautious comments on Glu Mobile following conversations with management. The analyst believes management is disappointed with Q3 game launches, which will likely limit smartphone revenue estimate upside.
Nevermind.. I think it is a headfake... screw this stock.
It might be getting ready to bounce?
You can't look at it like that man...
You got out of it at a lot higher, look at the positive. I lost big yesterday with just a small drop, had I stayed in, I'd have lost $15k.. And I only lost $1200 yesterday.
Seriously... Right now you don't know what the market is doing.. this is a very big drop. AAPL is at 630 ... If AAPL goes to 600, we will see yet another drop for GLUU.
Be safe.. it might be a great price, but you might find better prices tomorrow.
They are saying AAPL can go down to $600.. this is really bad for GLUU as well according to how the market has been playing it. Just keep your cash, stay at cash for all stocks. Not saying GLUU is a POS, but be safe here.
If you want to risk it, go for it, but put a stop loss.
Wow, is it normal for dow to look like this?
Something sick is lurking and I don't like it.
Just stay at cash right now... look at the DOW!
http://www.dailyfinance.com/2012/10/09/markets-likely-to-drop-on-growth-fears/
and it is sliding right now. It might just be a market wide correction coming soon and tech bubble hit first.
I'm still actively looking... and I haven't gotten in yet... This stock is wildly swinging on L2 right now..
I wouldn't chance it. I don't know why it fell. Unless you know why it fell, I wouldn't jump in. Or if you want to risk it for a bounce... (could be dead cat bounce.)
Wow... stockmarket, you scary!
Does anyone know why GLUU fell so hard? or why it is falling so hard as I write this?
Oh okay.. well I sold for a loss... hope you get a good price tomorrow...
Looks like we shouldn't have sold.. it is now going up.
I just sold for a loss too... kept a bit around.. but I lost pretty big today..
So you're still holding? or is the pump over?
Okay.. your thoughts about the gambling thing? In my opinion that was the reason why I bought in... seemed like a good thing for GLUU.. but the market never sees it the way I do... (until I sell).
What do you make of this price?... I'm down a lot buying it stupidly at 4.16...
Are you in this?
Congrats to all that played this! wow, good call.
ZNGA first off never has to worry about a hostile takeover, Mark Pincus issued himself all the Class C shares of the stock and those shares might not have much monetary value, but has 70 to 1 voting rights.
ZNGA is really a disappointment and isn't going to be a takeover target until many things change.
GLUU looks pretty interesting
Well.. I'm in again at 4.16... we'll see if this was a bad move or not.
The gambling partnership looks good to me. GLUU already has a strong mobile presence, so I think gambling is a logical next step.
Total scam...
In the case of a massive reverse split? It would pretty much be worth the last value of that day I believe.
That was a very hypothetical case.. Zynga wouldn't do that.
Go for it. Anything is possible.. Let's place our bets.
I'm also completely at cash as well... I did play this bounce okay, had no clue it would run up to 2.48, I'd have made an extra $20k instead of the $5k that I did make... but hindsight is a bitch.
You're thinking of playing ZNGA tomorrow?
It is really sad if they do that, but essentially you'd get bought out at current value. Basically Zynga would do a reverse split of 1 for 750 million and pretty much everyone will end up with a fraction of shares, which will get them to go private, by simply paying you out.
It would be the final slap in the face to all shareholders if they did that though.
I'm more afraid now of holding USD... That debt is rising and QE3 isn't helping things. I really dislike Obama more and more ..
Everything seems to be a crapshoot right now. If USD goes down, I'm screwed. If I hold other currencies that aren't tied to USD (they're tied to stock market) and I'll lose if the dow takes a hit... I'm sure US will default on their loans... Japan and China both have very sizeable holdings in this debt... both at over 1 trillion... US won't pay this back, they can't..
So what will happen is USD will lose its place as a reserve currency. The world will probably go back to using gold as a reserve currency.
So I'm thinking of buying gold... but that's pretty high right now as well... Silver maybe?... but both those will be screwed in the event of a crash.
Real estate also I think is affected in the event of a US default... There's no safe ground, except me shorting the US dollar index...
So just curious, if the debt turns ugly and gets called, wouldn't the USD get affected big time as well? I'm debating between forex and shorting stocks as well. I do think if a stock market crash happens, AAPL could go down to 400 or so.. not too bad.. GOOG could plummet to 200...
FB is pretty much down to $5 in a crash. Do keep me in the loop on short prospects...
The thing I worry about FB puts is, I actually do think FB can make it out of all this. They are trading ridiculously higher than their revenue right now, but I do think they have the potential to launch a very powerful search engine to compete with google search. Their power lies in their user graph for a very large user base. Zynga is a pile of sh** in comparison... so be careful with FB puts.
I don't know why, I have a bad feeling about October through to Feb... Specifically end of November and mid December.
I do think there's a possibility for a bearish market in between those ranges. I might actually try my luck in forex in that case. Seems like most currencies *except for USD* go down during a stock market crash, so... I'm thinking I might buy a ton of USD/CAD now and let it ride for the next 5 months or so.. if there is a stock market crash, it will be a really big pay off.
Really good day considering where it went down... Guess I'm going to have to look to seeing a position soon since I sold much lower.
He's one guy and I guess I underestimated the strength of his directional influence on the company.
I don't like to admit it.. but you were right on this one. I worked for this damn company though, so I still have my opinion for the long term.
As and when I hear things, I do let the board know. So I will continue to do so. But just know, sometimes that news isn't good and I don't want to be the *basher*. I hope you recover your losses, and I still expect Zynga to go back up to $5+, they just need to execute.
If RMG happens, for sure, this will shoot up to beyond $5. Even if Mark can properly play the midcore market of gaming, it could go up nicely.
He really needs to fire most of the employees, keep about 400. Focus hard on mobile, midcore, the platform and RMG... That's it!
I've been saying this for a long time now but that harvard MBA still doesn't get it.
Ugh, don't exercise those calls at $3. The stock is going to be at this level for a while. I don't know how long you have to exercise, if they're dec calls, just wait.
Stay away from GLUU dude.. That is really risky, far riskier than Zynga.
TD lets me trade premarket, but only an hour and a half before market opens.
Scottrade was awesome in that aspect, they let you trade premarket from the beginning.
Anyway, I'm all sold out now... Made over $5k today.. I'll be buying back in, but I think my gut was right on how to play this... It'll probably shoot up now, but I don't care.. better to be safe..
I really thought the trading range was 2.1 - 2.35.. and I was pretty close.