Zynga Inc (ZNGA)

[xlt leader]

No surprise....bashers only come around when the stock declines, usually their concerns are b/s. His issues are basically what the analysts issues are,. THe stock is being valued as a terminal business which it is not. This is why they have not upgraded but will when it gets to $5. Most analysts are not proactive, they wait for the numbers and then react. Witness the surprise last q numbers provided. As I said in an earlier post Zynga is transitioning to mobile and on-line gambling which is where big money exists. Pokerstars made 5 billion dollars on illegal on-line gambling, should be a clue as to the size of the market.

The hire of Myal Ginzburg who was with 888 holdings should also be a clue. Once these guys get it investors will have moved the stock much higher. Witness my two favourite examples. No analyst had Groupon as a buy at $2.60 -$ 2.80 now around $6 it is upgraded? No one saw that Blackberry was going to survive ( although I have issues longer -term) at $6 it was considered DOA. After a 400% move some analysts started upgrading? The same will happen here. Next week is a big one for Zynga, Morgan Stanley conference Monday, New Jersey on-line gamine law most likely Tuesday... upgrades most likely....Cramer says it has bottomed and he hates the stock. This should be the biggest clue what is to come, where big money is here.