What is everyone's latest thoughts on Zynga for the next couple of days?

is this stock a buy yet?

Absolutely. Ghana hit 8.5 sometime this week. Sell it then, though.

I sold around $12 and have kept an eye on it since. At this point Im just waiting to spot something more concrete re: legalization of online poker alongside a ZNGA effort to be involved in that...I hope I spot it on pokernews or 2p2 before its in the WSJ.

How low will this go? If FB goes below $20 will this shed another 10-20%?

[QUOTE=If FB goes below $20 will this shed another 10-20%?[/QUOTE]

More than likely the answer is yes. Not sure if ZNGA reports before FB though. A surprise in any direction might decouple them for a little while.

Traded ZNGA horribly today. I should have had a STOP ORDER in to protect a measely profit. TOOK small loss instead. ZNGA will be $20 a share again, soon :-)

I bought this heavily for some stupid reason and I'm losing my shirt. I really do hope you're right HSF...

I mean how much lower can it really go? That's what I tell myself every day, then I go look and see it's down another 4%

I thought insider trading was illegal! How did the execs all get away with that BS?

I lost some money on ZNGA too playing it on the FB IPO. I sold it at $7.25ish for an 8.5% loss.

Just wanted to heed warning that the "how low can it go" philosophy isn't a great investment strategy. It's almost always better to keep a stop loss and protect your capital. Another opportunity is always around the corner. The problem with buying/holding into a down trend is that it is near impossible to see when the end is in sight.

I don't know where you got in this thing, but you might want to consider picking a price where you are willing to cut your losses.

I'm down about 50% from where I got in. I think it's too late for that =/

Thanks for the advice though, I will heed it if I ever buy another stock ever again.

yikes...hopefully it was a pretty small fraction of your portfolio

Anyone out there think ZNGA is tradeable at this price ? What are you using for entry/exit signals ?

I'd consider ZNGA untradeable in this market. I think there is a good chance it will test the lows again, but it's too beat up to even short comfortably.

Wait til they report in July. I'd wait for FB to report too.

Sold ZNGA premarket and made a tiny profit factoring in Friday`s small losses selling ZNGA. When I looked at ZNGA 2 hours later and saw it much cheaper I regretfully rebought it only to see it slide further. Valuation of ZNGA is compelling at these levels. I am in for a trade only thou. Good place for you too early longs to double down imo. Lockup selling ends soon I hope :-)

Good place to average down is what im thinking.