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Replies to #815 on Zynga Inc (ZNGA)
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PokerVertigo

04/27/12 8:01 AM

#817 RE: Tom4investor2011 #815

I would be the happiest person if we were trading higher... My prediction was that we would go down... but I know for a fact JP Morgan bought in at the secondary offering @$12... The sell off (by current employees) for sure is happening on tuesday...

Basically, the current employees (who get to sell on tuesday) got these shares at a really low price... many of them with a large amount of shares have never seen this type of money before.. to them even $8 is money in the bank.. so yes, I do think we'll be seeing a lot of selling pressure on tuesday.. As far as Q1, I thought it was actually good stuff... Long term I think ZNGA is going to be huge.