Hey,
I'm completely out, but only due to a tax issue. I will say that I'm somewhat apprehensive about getting back in right now for 4 reasons:
1) The current employees will get to sell again soon, I believe 1st of August.
2) 150 million shares coming out of lockup August 16th.
3) I'm not sure if Zynga is at war with FB since DAU is declining on other titles.
4) I'm not sure if Zynga is worried about not being #1 anymore.
There's a good possibility none of them will sell down here at this level, but who knows really? But about the other two things?
That being said, I'm not really a trader, so I don't want to get in just to flip for a few cents to a dime.. maybe I might consider it, but it is a lot of money to risk.
I do still want to get back in, but not my full position.
I'm never residing in the US, haven't done it this year, don't plan on ever coming back to the US, I'm Canadian and that won't change.
But yeah, I don't see too much downside here, the only problem is, if there is a down tick below $2.9.. then I'd be really worried.
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