Is it time to buy Zynga? - Page 7 - Business, Finances and Investing Forum

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Is it time to buy Zynga?

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02-21-2013 , 02:53 AM

#151

BluffingX

grinder

Join Date: Aug 2011 Posts: 695

Quote:

Originally Posted by AngerPush

post 146 made no sense to me how exactly is my name fitting does my last post seem angry lol

lol, irony at it's best

Quote

02-21-2013 , 10:35 AM

#152

amberdosh

banned

Join Date: Jan 2007 Posts: 924

We're under $3.00 (overall market is down today)

Buying more.

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02-21-2013 , 10:57 AM

#153

amberdosh

banned

Join Date: Jan 2007 Posts: 924

bought at 2.98 and 2.99, back to my original position at average cost of $2.41 (using my gorilla math)

Quote

02-21-2013 , 11:03 AM

#154

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Bought more at 2.95. Going to keep buying today if it keeps dropping. No reason for ZNGA to be getting hit 3x harder than the overall market.

Quote

02-21-2013 , 11:22 AM

#155

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

http://seekingalpha.com/article/1112...others-harvest

I'm allowed to post articles like that right?

I like their potential for real world gambling revenue. Plan on getting some within the next week, but I probably won't buy/sell/buy/sell. Just long on them for a while.

Quote

02-21-2013 , 11:37 AM

#156

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Quote:

Originally Posted by rafiki

http://seekingalpha.com/article/1112...others-harvest

I'm allowed to post articles like that right?

yes. encouraged to.

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02-21-2013 , 01:11 PM

#157

willy85

centurion

Join Date: Jan 2007 Posts: 101

Quote:

Originally Posted by amberdosh

bought at 2.98 and 2.99, back to my original position at average cost of $2.41 (using my gorilla math)

How much commission are you paying on all of these trades?

Quote

02-21-2013 , 01:23 PM

#158

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Quote:

Originally Posted by willy85

How much commission are you paying on all of these trades?

1/2 a cent per share.

Quote

02-21-2013 , 01:32 PM

#159

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Bought more at 2.94, 2.93, 2.92 and 2.91. 166% of my original position. Average cost 2.62.

If it keeps going lower I'm gonna have to start closing out other positions to keep buying, but I'll gladly do it. Market is a drooling ****** if it thinks ZNGA is worth less than $3.

Last edited by amberdosh; 02-21-2013 at 01:41 PM. Reason: 2.91 MOAR

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02-21-2013 , 01:49 PM

#160

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

Quote:

Originally Posted by amberdosh

If it keeps going lower I'm gonna have to start closing out other positions to keep buying,

Don't do that...sounds like you have enough ZNGA

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02-21-2013 , 02:55 PM

#161

BlackFr1day

old hand

Join Date: Jun 2011 Posts: 1,629

OP should correct the thread title it puts me on megatilt every time I come on BFI

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02-21-2013 , 03:56 PM

#162

stinkypete

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 15,783

Quote:

Originally Posted by amberdosh

ugh. i bought some more at 2.90 but after reading this i kinda just wanna dump it all.

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02-21-2013 , 04:26 PM

#163

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Spoiler:

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02-21-2013 , 04:54 PM

#164

Josem

human chemical weapon

Join Date: Jan 2007 Posts: 18,190

I'm somewhat surprised that a group of investors here, who should have far greater awareness of the real money poker market than the mainstream, think that there's a huge amount of revenue to be made in it for Zynga.

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02-21-2013 , 04:54 PM

#165

amberdosh

banned

Join Date: Jan 2007 Posts: 924

http://www.lasvegassun.com/news/2013...a-legislature/

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02-21-2013 , 05:17 PM

#166

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

Quote:

Originally Posted by Josem

Really depends on the format though. The kind of fish who would play some mobile ap/game don't really care about rake, or even know what rake should be.

They could be charged $2 to enter a tourney with 10 other players on their phones, and Zynga could keep $3.50 and it would probably still work. This assumes they come up with cute custom avatars and all kinds of other silly little dressed up features that I'd do if I were them. Make it the ultimate low-stakes social experiment.

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02-21-2013 , 09:23 PM

#167

AngerPush

Carpal \'Tunnel

Join Date: Oct 2009 Posts: 32,050

Quote:

Originally Posted by BluffingX

lol, irony at it's best

I'm lost. Walk me thru it, will ya

Quote

02-21-2013 , 10:00 PM

#168

BluffingX

grinder

Join Date: Aug 2011 Posts: 695

Quote:

Originally Posted by AngerPush

I'm lost. Walk me thru it, will ya

Spoiler:

"it's"

Quote

02-22-2013 , 02:00 PM

#169

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Hunting for my next exit. Will probably start shedding some shares when the momentum stops, I have a huge position right now. No idea when the next peak will be. Hopefully north of $4 but might be in the same $3.50-$3.80 range as last time. We'll see.

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02-22-2013 , 04:22 PM

#170

amberdosh

banned

Join Date: Jan 2007 Posts: 924

Sold off ~20% from 3.15-3.20. Nice 24 hour profit.

Holding the rest until it's time for the next big dip.

Average cost $2.47.

Last edited by amberdosh; 02-22-2013 at 04:31 PM.

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02-22-2013 , 04:53 PM

#171

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

Quote:

Originally Posted by amberdosh

Sold off ~20% from 3.15-3.20. Nice 24 hour profit.

Holding the rest until it's time for the next big dip.

Average cost $2.47.

Can I ask why you'd want to communicator an average cost number to people, when not a single person does it in your way? The average price per share number is never done like this. For the sake of actually sharing this with others, why not adopt the standard? It's your like you're doing your own EV math that nobody else does. There's no real reason for it.

The rest is cool.

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02-22-2013 , 05:32 PM

#172

amberdosh

banned

Join Date: Jan 2007 Posts: 924

That's probably what people said about sklansky bucks and galfond dollars when they first heard of them

I will stop referring to it as 'averaged cost' but I'm not going to do another form of accounting - and calculating amberdosh gorilla math cost is really helpful for me to know where I'm at.

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02-22-2013 , 05:38 PM

#173

stinkypete

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 15,783

Quote:

Originally Posted by amberdosh

That's probably what people said about sklansky bucks and galfond dollars when they first heard of them

I will stop referring to it as 'averaged cost' but I'm not going to do another form of accounting - and calculating amberdosh gorilla math cost is really helpful for me to know where I'm at.

it means nothing the way you present it here without position sizes. tracking your P&L in dollars makes a lot more sense.

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02-22-2013 , 06:55 PM

#174

amberdosh

banned

Join Date: Jan 2007 Posts: 924

I'm not going to change my method of accounting or trading or anything else to conform to the books you read that I don't care about. The market doesn't give a **** what anybody thinks about my methods - it only cares if my decisions are correct. That's also the only thing I care about.

If you want to discuss why buying or selling Zynga would be a good or bad idea, that would be outstanding. But when it comes to my non-traditional methods, I really don't gaf what you think.

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02-22-2013 , 07:08 PM

#175

mmbt0ne

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 22,077

ad,

So using your method, you are basically saying that you have made/lost $0 on the positions you've closed out and the difference between your "average cost" and the current price represents your entire profit/loss, correct?

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