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Author:	[Investments] Topic: Bought 600 shares of Zynga at 9am this morning
Irish08	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Nov 2007 Posts: 3529 Location: United States	#1 Posted: 5/16/2012 7:48:27 PM Got it at $8.62 a share. Took a loss of a couple hundred bucks on first day. Hoping for something to happen this year.
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rick3117	RSI View Space \| Blog \| Friends \| Playbook \|
All-Star Joined: Mar 2006 Posts: 11986 Location: West Virginia	#2 Posted: 5/17/2012 8:17:16 PM Probably very dependent on a good showing for the FB IPO. Cheaper play on FB in my opinion.
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TRAIN69	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BetOnline.ag \|
Legend Joined: Oct 2002 Posts: 30035 Location: Missouri	#3 Posted: 5/17/2012 11:52:57 PM I think you got a winner considering you have bought low (lowest was 7.34, high was 15.91) . Should see a good jump from friday to next wek as FB launches and other follow your trail.
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wallstreetcappers	View Space \| Friends \| Playbook \|
Covers Linesmen Joined: Feb 2003 Posts: 47627 Location: United States	#4 Posted: 5/18/2012 12:01:08 PM Halted? Wow..
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mtndew146	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Feb 2012 Posts: 2450 Location: Michigan	#5 Posted: 5/18/2012 1:05:10 PM QUOTE Originally Posted by wallstreetcappers: Halted? Wow.. sellers dumping it
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Irish08	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Nov 2007 Posts: 3529 Location: United States	#6 Posted: 5/18/2012 5:16:02 PM I dumped it at 8.12 about 24 hours ago. Wanted to buy fb shares but I did not know I would be unable to access those funds for 3-5 days (I am a newbie). Worked out well though because I dumped it early enough and facebook isnt skyrocketing like we all wished.
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hoopsvader	View Space \| Friends \| Playbook \|
Veteran Joined: Mar 2011 Posts: 3015 Location: Djibouti	#7 Posted: 5/22/2012 6:49:13 PM Some ex hedge fund guy is recommending ZYNGA, says there is a 50-100 percent upside with this stock now. http://www.minyanville.com/business-news/editors-pick/articles/MS-FB-LNKD-ZNGA-GSVC-YELP/5/21/2012/id/41124
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Dutch1976	View Space \| Friends \| Playbook \|
Rookie Joined: Sep 2010 Posts: 647 Location:	#8 Posted: 5/22/2012 10:55:47 PM Zynga is pretty close to it's 52 week low and everyone I know seems to play at least one of their games. Seems like a pretty decent buy. Although I'm not sure exactly where their profits come from, from what I can tell their games are free to play.
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atlasshrugged	View Space \| Friends \| Playbook \|
Captain Joined: May 2008 Posts: 9621 Location: Massachusetts	#9 Posted: 5/23/2012 9:41:05 AM In my very humble view you might consider being careful with ZNGA. If it is red again this week that will be nine consecutive down weeks with four of those showing volume increasing from the prior week. they have this pup under substantial distribution. Furthermore, it did form a base after it went public and it did break out of that base. the base was not properly constructed and ultimately the breakout failed. you can see back in early February it popped from 10 to about 13, then 14, and ultimately almost 16 and volume did pick up (a very good sign). but it didn't hold and when it broke through the 50 DMA in early April it basically went straight down from there. in other words, it already tried to make a run and it failed. the odds are institutions have left the stock after the failed breakout and the prudent approach is to just simply watch and see if it forms a proper base. plus the market is in a formal correction so longs only have a 25% chance of success anyways. (see W. O'Neill "How to Make Money in Stocks" for proper basing formations). but, there's always the chance of some sort of hyped up news event.
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atlasshrugged	View Space \| Friends \| Playbook \|
Captain Joined: May 2008 Posts: 9621 Location: Massachusetts	#10 Posted: 5/29/2012 8:45:45 PM Down almost 8% today on the heaviest volume since February. Barely holding $6/share. Most institutions are banned via their charters from buying shares that trade below $10/share. Generally these types do not provide enough liquidity for large investors. Sure there could be some type of home run news release but there also is no law that says this thing has to stay above 6 . . . . or 5 . . . . . or 4.
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hoopsvader	View Space \| Friends \| Playbook \|
Veteran Joined: Mar 2011 Posts: 3015 Location: Djibouti	#11 Posted: 5/30/2012 9:25:12 AM anyone buying znga
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hoopsvader	View Space \| Friends \| Playbook \|
Veteran Joined: Mar 2011 Posts: 3015 Location: Djibouti	#12 Posted: 6/12/2012 4:56:36 PM anyone know why znga is collapsing, it shoud rise with FB
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atlasshrugged	View Space \| Friends \| Playbook \|
Captain Joined: May 2008 Posts: 9621 Location: Massachusetts	#13 Posted: 6/13/2012 7:21:39 AM QUOTE Originally Posted by hoopsvader: anyone know why znga is collapsing, it shoud rise with FB In my very humble view you might consider being careful with ZNGA. If it is red again this week that will be nine consecutive down weeks with four of those showing volume increasing from the prior week. they have this pup under substantial distribution. Furthermore, it did form a base after it went public and it did break out of that base. the base was not properly constructed and ultimately the breakout failed. you can see back in early February it popped from 10 to about 13, then 14, and ultimately almost 16 and volume did pick up (a very good sign). but it didn't hold and when it broke through the 50 DMA in early April it basically went straight down from there. in other words, it already tried to make a run and it failed. the odds are institutions have left the stock after the failed breakout and the prudent approach is to just simply watch and see if it forms a proper base. plus the market is in a formal correction so longs only have a 25% chance of success anyways. (see W. O'Neill "How to Make Money in Stocks" for proper basing formations). [this was in an above post] the headlines don't mean squat. 9/10 times the charts tell you what headlines will come out in the future. they sent the signal on ZNGA back in early April. down below $5/share yesterday on the highest volume ever traded in the stock. Yikes! apparently there was some bad "news" but he chart action already told you that was bound to happen. I would have shorted this pig around $8 but I don't like the extra risk with these smaller, hyped up names. the boys could jam this one 25% higher in a day or two if they see too many shorts piling on so too risky for me. kudos if you shorted this one around $12 when it couldn't get back above that 50 DMA.
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atlasshrugged	View Space \| Friends \| Playbook \|
Captain Joined: May 2008 Posts: 9621 Location: Massachusetts	#14 Posted: 7/22/2012 10:30:39 PM had it's little run since my last post (probably a short squeeze) but right back down again. new closing low this week after another four straight down weeks two of which showing increased volume from the prior week (i.e. distribution). i only bring it up because this is a great example of how the chart tells you damn near everything. they can hype this turd until the cows come home and it will never carry more weight than the price/volume action. went as low as 4.45/share this past week.
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Rush51	View Space \| Friends \| Playbook \|
Veteran Joined: Jan 2005 Posts: 3469 Location: California	#15 Posted: 7/23/2012 10:53:18 PM Stay away from this Stinker called Zynga. It is unprofitable.. unlike FB. A choppy, sensitive market that we have today is not going to be pleasurable for Zynga stakeholders. You better be able to stomach the wild swings in this one.
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razahaza151	RSI View Space \| Friends \| Playbook \|
Banned Joined: Feb 2008 Posts: 10 Location:	#16 Posted: 7/24/2012 10:13:17 AM Zynga looks like an easy buy...stay away from all that riff raff...GSVC is perfect example of how all those sites can get crushed in a blink of an eye...too unpredictable. Your better off trading binary options on facebook in the meantime. After facebooks IPO thats all ive been doing. Instead of buying the asset you just invest on it going up or down by the end of the day...A lot of the binary option sites are oversees. Im trading on optionmint.com. If you talk about it let me know.. we can help each other with a referral bonus.
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atlasshrugged	View Space \| Friends \| Playbook \|
Captain Joined: May 2008 Posts: 9621 Location: Massachusetts	#17 Posted: 7/25/2012 4:40:22 PM Still think technical analysis and charts are all mumbo jumbo? ZNGA down to around $3.30/share after reporting "earnings". the chart was telling you this all along when that breakout failed and it went damn near straight down every week after it fell through its 50 DMA (which was back in April fyi). But, but, but . . . the "experts" kept saying it was "so cheap" and a good "long term buy".
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hoopsvader	View Space \| Friends \| Playbook \|
Veteran Joined: Mar 2011 Posts: 3015 Location: Djibouti	#18 Posted: 7/25/2012 6:52:19 PM QUOTE Originally Posted by atlasshrugged: Still think technical analysis and charts are all mumbo jumbo? ZNGA down to around $3.30/share after reporting "earnings". the chart was telling you this all along when that breakout failed and it went damn near straight down every week after it fell through its 50 DMA (which was back in April fyi). But, but, but . . . the "experts" kept saying it was "so cheap" and a good "long term buy". Games are a novelty like facebook. People are so fickle to the next big thing.
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hoopsvader	View Space \| Friends \| Playbook \|
Veteran Joined: Mar 2011 Posts: 3015 Location: Djibouti	#19 Posted: 7/25/2012 6:55:32 PM QUOTE Originally Posted by atlasshrugged: Still think technical analysis and charts are all mumbo jumbo? ZNGA down to around $3.30/share after reporting "earnings". the chart was telling you this all along when that breakout failed and it went damn near straight down every week after it fell through its 50 DMA (which was back in April fyi). But, but, but . . . the "experts" kept saying it was "so cheap" and a good "long term buy". Atlas, do you know anything about SDN related to WMV, is VMware and their new acquisition Nicira going to become a disruptive force.
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mainmanmainman2	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Feb 2011 Posts: 4309 Location: Antarctica	#20 Posted: 7/31/2012 9:17:43 AM zngaaaaaaaaaaaaaaaaaaaaa their games are failllllllllll
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belvedere86	RSI View Space \| Blog \| Friends \| Playbook \|
Prospect Joined: Jul 2009 Posts: 467 Location: Belgium	#21 Posted: 8/26/2012 4:41:23 AM still worth a buy at $3.27 or will it crash further?
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