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Zynga

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Posts: 11

SJSharks99

All-Star

Joined: Jan, 2008

Posts: 10503

Posted: Dec. 16, 2011 - 3:05 AM ET #1

anybody else waking up early to buy Zynga when it goes live tomorrow @ $10 a share

KBrick84

Hall of Fame

Joined: Nov, 2003

Posts: 25143

Posted: Dec. 16, 2011 - 8:35 AM ET #2

I'm up early for it. I do most of the work for my Dad's portfolio...and keeping my eye on this.

If you can get in, and hit a pop early today...you can get a quick profit. But this stock should be in the area of $7-9 opening at $10 is rough. But we shall see....

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Dec. 16, 2011 - 12:15 PM ET #3

No thanks..

Wait for 7 bucks or lower.

KBrick84

Hall of Fame

Joined: Nov, 2003

Posts: 25143

Posted: Dec. 16, 2011 - 12:33 PM ET #4

Quote Originally Posted by wallstreetcappers:

No thanks..

Wait for 7 bucks or lower.

Agreed

They shot for the moon setting this at $10 when it should have been $7-8 to begin with.

KBrick84

Hall of Fame

Joined: Nov, 2003

Posts: 25143

Posted: Dec. 16, 2011 - 12:51 PM ET #5

Wall - What's your outlook on DRYS? I know this was talked about awhile back, but since the shipping industry has been shelled. It's a $2 stock right now, just curious if this may be worth a small investment.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Dec. 16, 2011 - 12:55 PM ET #6

Quote Originally Posted by KBrick84:

Wall - What's your outlook on DRYS? I know this was talked about awhile back, but since the shipping industry has been shelled. It's a $2 stock right now, just curious if this may be worth a small investment.

Yeah I have some in the 2.20 area..it is a high beta stock, huge oversupply in the sector but I think longer term it will be a nice return if George stops floating stock.

I've lost on it of course but it isnt my only holding and I am not going anywhere, so I nibble on weakness and sell on strength, try to get it back slowly.

sparty444

All-Star

Joined: Dec, 2005

Posts: 10039

Posted: Dec. 16, 2011 - 2:05 PM ET #7

Zynga is way over-valued.... its totally dependent on Facebook and something like only 3% of players pay money for things.

GambleForProfit

All-Star

Joined: Oct, 2011

Posts: 10875

Posted: Dec. 16, 2011 - 8:23 PM ET #8

Not gonna jump on this I think it's interesting though because Facebook is making some interesting moves in branching out to different things have heard rumblings about some gambling ventures in non-US markets could pave the way for some interesting stuff

2169

Banned

Joined: Nov, 2009

Posts: 10748

Posted: Dec. 17, 2011 - 12:24 AM ET #9

do they only have poker? what does it have going for them?

WhySoSucK

Banned

Joined: Jan, 2009

Posts: 6848

Posted: Dec. 20, 2011 - 11:45 PM ET #10

Quote Originally Posted by sparty444:

Zynga is way over-valued.... its totally dependent on Facebook and something like only 3% of players pay money for things.

SJSharks99

All-Star

Joined: Jan, 2008

Posts: 10503

Posted: Dec. 21, 2011 - 1:19 PM ET #11

I sadly got Zynga @ the IPO price of $10, was hoping for the quick buck like group on had on the opening day on there IPO (my mistake)

should I hold on to this and hope it comes close back to wards $10 or is this stock gonna free fall for a while??

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