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crazy breakout coming
No premarket trades thus far but who cares as long as we have a green day
What's the close 5.01 5.02 or 4.97
We've gone green boys
With the legalization of online gambling activities quickly sweeping through the nation, some of the top sportsbooks and the leading play-for-free poker companies could be in positions to make a move into the real money sweepstakes.
Zynga (ZNGA), which runs a very popular brand of free poker over social networks, has seen its poker brand grow by leaps and bounds over the last year. It's no coincidence that over that same time, various scandals surrounding UltimateBet and Full Tilt Poker have reduced the number of options for players to play paid poker. Many of those people have turned to Zynga to get their fix.
At the same time, online gambling legislation has been moving toward legalization. New Jersey and Delaware have passed or are in the process of passing bills. Zynga is already in position to swoop in and offer a paid service; it's just a matter of how and when.
Zynga could very quickly become the ultimate online poker giant as it has already tapped into the world of social networks. It could either keep its brand and start offering pay-for-play poker or even keep one as the family-friendly version and create a new brand for online poker.
There's also the possibility of it teaming up with experienced companies in the industry; gambling operators such as Wynn (WYNN) could join forces with Zynga to make the ultimate product. Zynga will likely wait and see what transpires with gambling rules and regulations, which should be eased shortly. If that's the case, it will likely start to make a move into the new territory.
For now, Zynga players can't win any real money, but it's fairly clear that with so much money on the line for the company, it's only a matter of time before it begins offering real money gambling options.
Twitter: @Inspin
Editor's note: This article originally appeared on Inspin.com.
Per market means nothing
I just saw news on a tdameritrade link saying that they're going to be holding a conference call webcast on the 25th of July to discuss their earnings report it has got to be good
Who's Janus capital and how do u know they doubled down
I think it may be time for a technical uptrend we hit a double bottom yesterday on the 3 month chart and ask is thin all the way upper ppl held their shares we came down to these levels on light volume
So what are you saying buy up shares now because jincus doubled down? There should be a double bottom reversal at 4.87 right?
Yeah I really am stunned because there were many great analytic reviews and projections
What happens if I were to buy on margin at this level and the stock falls below 5?
This concerns me
ZYNGA, Inc. (ZNGA): Pennystocksinsiders.com found a substantial Market Sale made by company Chief Financial Officer -- David M. Wehner on July 2, at stock price US$5.51. Disclose date: July 3. Pennystocksinsiders.com also found company Senior Vice President, General Counsel, Secretary, Reginald D. Davis, sold 607 shares at stock price US$5.51 on July 2. Zynga, Inc. (ZNGA) shares ended lower by 1.47% to US$5.36 on over 14.33 million shares, below its 30-day average volume of 25.72 million shares. Share prices of Zynga have traded as high as US$15.91 per share and as low as US$4.78 in the past 52 weeks.
Told you guys under 5 go all in margin rockets cash throw everything at it and the kitchen sink lol
Yeah but what's the feelings about the earnings report on the 23rd good or bad? Plus the employees get to sell shares tomorrow
Lol I have a tank of ammunition waiting for sub 5
Everyone is waiting till sub 5
Im waiting for sub 5's
Think any action here today?
Sold this crap
Explain please
Actually L2 is pretty dead.
I was just watching cnbc, the gist is that this drug only helps you lose about 12 pounds on average and that's with proper diet and exercise. It doesn't work on its own. 2ndly it can't be used by ppl who have a number of conditions which are primarily found in obese ppl for instance a type of heart problem but I forget the exact terminology used. Therefore I highly doubt big money will be pouring in here, hence the reason for pps action yesterday. So great that it's been approved but its not a blockbuster drug by any means ..
This drug actually isn't getting good reviews in the media as far as long term prospects. This may be good just to get some quick money if that's even possible at this level, but I'd be cautious as far as buying and holding
is it to high to buy in now think they'll be a correction?
Biggest bunch of bullshit makes no sense whats going on here seriously but I think the smart play is to ride it out agreed?
IDK if wanna hold or sell today has been crazy omg lol
Oh lol
I thought the event was at 10:30 am?
Can't access from work so guys plz keep me updated
Does anyone know if zynga is live streaming the press conference today?
Wow what a gap indeed. Now I've always traded pennies but that market has. Been crappy. But does the same rules apply that more than like ZNGA will come back down to fill the gap?
I'm strapped in and ready to go!! When's the earnings report due? And what is a good earnings report number?
Lol I have clients all day tomorrow to keep me busy so hopefully I'll see a 10% day
This battle over 6.05 is really entertaining the EOD action here is nuts
This range is getting annoying obvious manipulation to stay under 6
I do too but I don't mind slow and steady build a firm foundation for each leg up
FB drops on the day ZNGA drops
This might be a dumb question but, why does it seem like FB and ZNGA Market movement are almost directly correlated
I feel the same way