Contemplating my business/loan disasters of last year.1@
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I already did in the morning (premarket)... Made $4k today alone. I could certainly lose those gains, but looks good so far.
Truth is.. Pinkass is probably safe from lawsuits in any case. There's a ton of disclosure docs along with filings that save him from jail. So I don't think the lawsuits will have any effect on him.
Valuating operating assets at $100 million? The market is on crack, clearly treating zynga as a $2 whore.
I'll capitalize on these errors.
Well, the way cross promotion of their games work is... First the game has to prove itself on its own steam (word of mouth, employees spamming their friends, etc)... if it makes it over a million DAU, then cross promotion/spam offers start.
Standard operating procedure there..
But for a long time now I've said, the ville games are dead. I was annoyed when they made "The ville", even more annoyed when they announced Chef Ville and furious when they further f***ed up with Farmville 2.
They've surely made a ton of mistakes, but I wonder if their name and relationships can help them recover.
Surely the options they granted employees are underwater now, so I don't know how that will play out as well.
In my opinion, Zynga needs to do what I've wanted them to do for a long time. Downsize the company to 400 employees, focus solely on their platform, mobile, third party games and RMG... thats it!.. nothing else..
But they're idiots.
I'd hate to think I devoted 2 years of my life working for a company headed to $0. The business is failing yes, they will need to go full force into mobile, midcore games and RMG. But there are companies Zynga can buy. They could buy us? Our midcore title coming up is better than most midcore titles out there. (www.rawbots.net) .. There is hope for them I think, but they might be too stupid to realize opportunities.
So what's your prediction now? Below $2? Based on their lowered guidance, where does that put Zynga's PPS?
Loss of .12 - .14 is pretty bad indeed... but does it mean we hit bottom already now?
My guess is it hits $2 tomorrow... and new trading range is in between 2.1 - 2.35...
The volume AH wasn't much... I suspect huge volume in the AM and ... Margin calls and stop losses tomorrow, and yes... shorting will resume... I think it touches $2.
This company is an embarrassment of catastrophic proportions. Since I left, that company has made mistake after mistake. POS leader that doesn't know how to take a company to new highs, just knows how to line his wallet.
Guys,
I was saying all along about this... some even ACCUSED ME of bashing. Truth be told I didn't know Zynga would announce bad earnings early though.. Guess they need to be on their guard about more lawsuits.
I hope no one loaded the boat at 2.7ish.
Wonder if GLUU is supported by AAPL calls?
AAPL going down so much? No clue. Could also be that big seller. I bailed already for a tiny profit by avging down and selling when it went back up.
Right now might be a good time to add, but I'm going to hold off.
since when have they done anything to make you think they care about us?
If I were you just sell your put options if PPS goes lower, sell your call if it goes to above 3.. I think you'll be fine.
But yes, Oct 1st can't be earnings.
I have shares.. I'm not convinced it won't go lower. I think 2.7 might be bottom...
No, I never expected that, that's why at that time I bought big at $3... and while it was coming down from $3.33, I put a stop loss at $3.26 and it filled.
Very nice.. though, I don't see this going to $2... and I also don't see this going to $5... Just my opinion.
If the earnings suck, I see this going to 2.4.. because they still have a ton of money in the bank and pinkass is well connected.
If the earnings are good, this goes to $4...
Nice strategy.. I should think about something like that too.
Do Fridays usually have an end of day rally?
I don't mean to sound mean here, but with this stock, you got to have either internet always or place your sell orders and buy orders. This is one sick stock and a company run by a guy with zero morals or ethics (and turns out is a huge hypocrite too).
It looks to be moving up right now, hopefully you can sell at 2.89 or so.
Maybe that's what the mms are counting upon? You should try not to buy at margin, I've done it in the past and it has only cost me money.
Is it still looking like a good bottom play?
Wow that hypocrite! That just makes me so freaking angry. But if he does end up paying, that'll be sweet justice. Hope the judge quotes his own blog and makes him pay.
Something is definitely up right now, my guess is it is some kind of rally in the making. It is bouncing and the bid is stacking up nicely.
The volume has jumped up as well in the last little bit. Wonder if it is a run?
I hope you're right.
I've got roughly the same number of shares as you right now and I still hate this company. I hate Pincus, I think he's a fool and many things are not going well at all. It is just a slow pace and they keep making mistakes.
I wouldn't jump into the conspiracy theories for why we're down here. This company is down in the dumps and has a lot of skeletons in the closet to justify its price.
No I know this company quite well.. And I know some of the execs personally.. They at one point wanted to fund one of my games, and of course instead they offered me a job as a software engineer and that kind of upset me.
But yeah, I also know some other stuff about this company that I get a bit nervous about, but... you are right, the chart history is what got me into this stock.
Guess I have to learn to be patient I guess. I got in today big at 4.7 ... I don't know if it was a good move at all..
I don't know why it should trail apple, just because they make games for iphone?
That's absurd. This market just does what it wants. People with iphone 4s will still play GLUU games.. doesn't matter about iphone 5
Could it go down to 4.19? or is that absurd? I feel that one shouldn't look at the stock price of this stock when it is falling down.. it can be really depressing.
Why is it falling hard right now?
Yeah, the lawsuit won't help us, it hurts anyone that holds stock though.
Doesn't matter if you don't join the suit, you're automatically included if you met the criteria (held stock in Q2)
Ed Norton to play 'Words With Friends' for charity
He is my favorite actor of all time so, I like this news.
http://www.cnbc.com/id/49175326
Been good man.. just hoping zynga rises before earnings. I'm still not sure about much on this stock, the market treats it like it is going to go bankrupt tomorrow.
Looks like it might be a sideways trading day today.
Do you think it goes lower than 2.7?
People don't know when earnings are supposed to be. Oct 1st isn't it. I'm still holding my shares, haven't added more.. I feel nervous about going into october with these shares tho.. lawsuits looming doesn't fill me with a lot of hope.
Take a look at GLUU.. I might jump on that in a bit.. It has been trading in large ranges. It is definitely a dangerous stock, but the swings have been large for some nice trades? You think?
Problem is.. can you get money back if there's a lawsuit? Maybe a very small fraction after lawyer fees and them not settling for a big amount.
Wondering if this is a good price to get in at now?.. yes no? Bottom?
You can try, I wouldn't bet on it.
At any point news can come out where Zynga soars up to 3.5... You never know.
But I suppose if you're shorting small amounts, try your luck :)
It was just up before due to Sept 22 calls. I feel this is headed to 2.7 - 2.8 area, before it goes back up around earnings time. I hope I'm wrong.
http://seekingalpha.com/article/883841-new-zynga-game-blame-mark-pincus-is-for-losers
Pincus will get his just desserts soon anyway. It is annoying to read articles like this defending him, but hey, time will come when there will be no argument as to what Pincus is.