Right, per share - multiply that difference times current position size = Total P&L

i'm glad you at least agree that the number is completely irrelevant without any position size information

btw my average cost by amberdosh accounting is -$0.24 per share

Well then you agree with me when I say that you shouldn't bother posting it. If it's just for you, keep it just for you.

If it's a number you want to share, share something that any person reading this could make sense of. I think we're generally trying to help each other, and that number isn't helping anyone. And I totally get you wanting to track it yourself. So do that?

This is interesting btw

http://seekingalpha.com/article/1218...s?source=kizur

sold off 50% after hours from $3.27 to $3.33

didn't expect it to go up so much so fast. think it will pull back a bit, will most likely buy back early next week. hopefully in the $3.15 range.

he doesn't want to tell us his net profit because it is probably only in the low 4 figures and then we'll all realize that all of this is just child's play. going on and on about timing the market. lolz.

no clue why u r trolling me

did i make a typo earlier or something and u won't let it go?

I thought it was proper etiquette not to disclose the number of shares. I just scanned a few pages of this thread and the trading thread and all I see people listing is the price.

I agree that you shouldn't be pisted number of shares or dollars. From what I can tell people are just doing their % of portfolio like 40% ZNGA 60% Cash, and you can add your average share price if you want. But the rest really is only your business.

Man I'm sad my USD RRSP wasn't ready 3 days ago, I was 100% buying this. Still waiting on an account transfer.

Btw it jumped because of Nevada passing their regs today. Do we even know if Zenga wants to do a poker site? Because online gambling, like table games, isn't going to be that easy a space for them to penetrate.

Oh yeah they want to

From September
http://www.bloomberg.com/news/2012-0...ming-push.html

Zynga Inc. (ZNGA) hired Maytal Olsha, a former online-gambling executive, as its chief operating officer of new markets, ahead of the game maker’s plans to offer real- money wagering next year.

Olsha, who was previously a senior vice president at 888 Holdings Plc (888), will help oversee gambling strategy and development at Zynga, the company said yesterday in an e-mailed statement. She will report to Executive Vice President Barry Cottle.

From February 7th
http://allthingsd.com/20130206/zynga...ok-in-the-u-k/

Zynga is close to launching its real-money gaming efforts in the U.K., which it is betting will generate all kinds of new revenue for the company.

As evidence of the impending launch, two websites have already gone live in the U.K. to start spreading the word. One is dedicated to poker, and the other features a variety of casino games, like slots, bingo and roulette.

...

Online gambling continues to be unregulated in the U.S., except for in a small number of states, including Nevada. Zynga has begun the arduous process of getting licensed there, but it will likely take months, if not more than a year. Even if it gets approved, it will only be able to operate in that state, so it’s unlikely that Zynga or Facebook will roll out gambling in the U.S. anytime soon.

Jersey will soon pass a bill also so we can expect another rise.

Ya I thought about trying to beat that exact announcement. Obviously I missed the first sweet spot (bitter).

Frankly it's this entry point I'm confused about. It's obviously going to open on fire Monday, I suppose at that point it's just a watch and see. Hopefully a bunch of people try to bank their 15% and it comes down a bit. I'll be disappointed in myself if I get in at $4. Only myself to blame for slacking on funding my US account.

They not only want to do poker they want to do every kind of betting game including casino, bingo and even sportsbook. Whatever is legal and they can be licensed for.

In play money, poker is their stronghold but they've been agressive in developing all of the other categories in the last year or so, clearly in preparation for real money gambling in the US market.

If you look at the link I posted ITT about Nevada and the time the stock actually went up, you had at least 8 hours to buy shares (including extended trading hours). The market was very slow to react to that news. They not only needed the governor to actually sign the bill, it had to start showing up in mainstream publications.

But if you read that link, it said 'Nevada legislature unanimously approved the bill and sent it to the governor to be signed this afternoon' and it said that the governor listed getting this done fast as his #1 priority. That's a mortal lock that he is signing it that day. But still the market had to read in the NY Times that he actually signed it before it reacted.

Should be the same with New Jersey. I mean if you read what press is out there now, it's like 90%+ that Christie signs it already. And that should probably be good for another 5-10% pop (once its in the NY Times that he signed it lol).

That sounds like free money but the risk is that between now and then, it could easily fall 5-10%+. It's a volatile stock.

This revelation you've had regarding your news sources and the rest of the market's is much bigger than Zynga imo. It is startling to me that no one else in the market uses the Internet, but alas you should be able to apply such an inefficiency to almost any market related news, and just print money.

As I explained, being a Canadian I pay a 15% witholding tax on American stocks, and additional tax in my non-registered trading account. It was pointless to attempt to buy the stock for me this week, so that's why I didn't grab it at 2.90. I was in agreement that anything under 3 was interesting.

the 15% withholding tax is on dividends. you don't pay it on capital gains. non-dividend paying US stocks are no different from canadian stocks as far as taxes go.

Oh nice! Thanks for pointing that out, I had blindly assumed it was on all of it. Damn I could have done some in my TFSA. Gay.

right, i was telling you that you you'll likely have a very similar opportunity to get some free money on new jersey. just pay close attention to the news and buy instantly once christie has signed or it's 100% that he is going to sign. the market will probably take a half a day to react again.

buy it because you think it will have a good strong stock performance in the future, not because good news came out and then you buy it.

you aren't going to beat any market by reading news on the internet and then buying. this is so lol naive.

can't wait till the fish on a heater makes more money with zynga and thinks it's because he's on to something revolutionary.

seriously, will someone more respected itf open this kid's eyes?

AngerPush, I 100% agree with you. That being said, doesn't the casual investor have a lot to do with a stock running up (and perhaps being overbought). For example the market factors in an announcement, then the sheep read it 2 hours later, then a race to buy occurs. It seems likely that in that scenario, you could still benefit from late news (which I agree has already had some effect long before little guys like us buy in). Naturally the sheep run it up past what it's worth, so the effect is most likely not going to last.

Anything in that hypothesis incorrect?

Angerpush,

I agree. this stock is very much in the public eye and has been trading at huge volume since it first opened.

It's one thing to play the news game on stocks that don't get a lot of attention but trying to time the market with this stock seems impossible in the long run, especially with trading fees/commissions constantly cutting into your bottom line.

It has been entertaining to watch and I'm happy the stock has been doing well, but I have no plans of selling anytime soon. Bought it as a buy and hold gamble when it was getting beat on in the press (understandably).