Is it time to buy Zynga? - Page 3 - Business, Finances and Investing Forum

[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.

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05-29-2012 , 03:30 PM

#52

highstakesfan

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Join Date: Apr 2008 Posts: 3,074

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 :-)

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05-30-2012 , 07:55 PM

#53

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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?

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05-30-2012 , 11:53 PM

#54

savant111

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Quote:

Originally Posted by Czar Chasm

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.

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05-31-2012 , 02:27 PM

#55

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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.

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05-31-2012 , 02:30 PM

#56

HyperionMark

adept

Join Date: Jul 2005 Posts: 1,017

Quote:

Originally Posted by Czar Chasm

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

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06-07-2012 , 11:29 PM

#57

highstakesfan

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

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06-08-2012 , 01:13 AM

#58

savant111

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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.

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06-11-2012 , 11:29 AM

#59

highstakesfan

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Join Date: Apr 2008 Posts: 3,074

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 :-)

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06-11-2012 , 11:32 AM

#60

highstakesfan

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Good place to average down is what im thinking.

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06-11-2012 , 04:08 PM

#61

highstakesfan

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Lets see how the 52 week low retest does tomorrow. Today was pitiful

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06-11-2012 , 07:16 PM

#62

Onetwobit

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would never, repeat, NEVER, purchase znga

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06-11-2012 , 07:28 PM

#63

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Quote:

Originally Posted by HyperionMark

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

It was at first but then as it dropped I kept buying more and more. Currently it's about half of my non-IRA investments =/ I'm so stupid.

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Originally Posted by permabear

ZNGA is overvalued by appx. 80-100% haha, I dont understand why anyone would ever buy this pile of farmville garbago

PLEASE tell me this isn't true! Overvalued even now? It's already shed 50% since it went public! What about its future in online poker?

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06-11-2012 , 10:05 PM

#64

highstakesfan

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ZNGA is not overvalued.... it`s just misunderstood and underloved a bit at the moment :-) It is time to throw caution to the wind and double your position. ZNGA will rule the world !!!

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06-11-2012 , 10:09 PM

#65

highstakesfan

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Join Date: Apr 2008 Posts: 3,074

It is time to bet the Farmville on ZNGA and go all in !

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06-12-2012 , 10:58 AM

#66

highstakesfan

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Join Date: Apr 2008 Posts: 3,074

I sold premarket when it wasnt acting right. You could see the writing on the wall then. ZNGA was Green premarket and getting weaker and weaker. Plenty of sellers lined up premarket. Took a mid 3 figure loss. Lets see if it can close above $5 a share. If ZNGA recovers half of todays losses I will consider looking at it again. I way underestimated the discontent inside ZNGA. Employees are selling at any price and leaving the company.

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06-12-2012 , 11:56 AM

#67

highstakesfan

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How the heck is Facebook up 50 cents and ZNGA down 50 cents. does not compute ?

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06-12-2012 , 12:17 PM

#68

savant111

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People are still trying to bottom fish FB today. Bottom fishing on ZNGA today is a little more scary given the price action.

FB going to roll over sooner or late with it. If not I'd be shocked, but then ZNGA will finally bottom.

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06-13-2012 , 11:54 AM

#69

midas

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Join Date: Aug 2003 Posts: 3,514

Quote:

Originally Posted by savant111

Zynga has huge negative cash flow and no prospects of improving soon. Why should this company trade any diferent than EA?

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06-13-2012 , 01:55 PM

#70

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

Words with Friends (one of their flagship games) is buggy as hell, has some serious UI/UX problems, and insists on spamming my FB wall (if I play on FB instead of a device). As a developer I can say that when obvious bugs go unfixed for years at a multi-billion $$ company, and you don't see any improvements happening to the UI, that's a sign something is rotten under the hood. FWIW.

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06-13-2012 , 06:48 PM

#71

savant111

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Quote:

Originally Posted by midas

Zynga has huge negative cash flow and no prospects of improving soon. Why should this company trade any diferent than EA?

It does generally trade similar to EA.

I'm not sure I understand your point though?

Last edited by savant111; 06-13-2012 at 06:54 PM.

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06-13-2012 , 06:55 PM

#72

highstakesfan

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Join Date: Apr 2008 Posts: 3,074

Quote:

Originally Posted by midas

Zynga has huge negative cash flow and no prospects of improving soon. Why should this company trade any diferent than EA?

My understanding is Zynga is cash flow positive, or was before they kept buying companies like OMGPOP for way too much money.

http://money.cnn.com/2011/06/03/tech..._ipo/index.htm

.

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06-13-2012 , 07:46 PM

#73

midas

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Quote:

Originally Posted by savant111

It does generally trade similar to EA.

I'm not sure I understand your point though?

EA trades at .7X Revenue - Zenga trades at 2.1X. If Zenga's growth slows the stock has room for further declines.

Zenga is cash flow positive after you adjust for stock based compensation which I couldn't see at first by looking at a quick summary of the company.