Zynga (ZNGA) - Hold or Sell?
ST
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(Orangutan, 358
Points)
on 7/25/12 at 6:08pm
I opened a online brokerage account a few months ago with around ~$5k, just test around the waters since I've never invested before. A couple weeks ago I bought some shares of Zynga at around $5 and it just totally crashed today. After-market loss went as deep as 40%.
Do you guys see any future upside to this stock? Advice? Should I sell it at a loss or should I wait?





Double down bro.
Double down bro.
RIP WSO Chat.
What?! Zynga went down?!
What?! Zynga went down?! Noooooooooooooooooooo! There's NO WAY this stock could ever fall, ALL my friends play Words with Friends and some of them even play Draw Something, even some of the girls I know. And my little brother he plays the FarmVille and he loves it I don't know how this happened, does anyone know why it crashed? Did the iPhone market break? I heard something bad happened to Apple but I wasn't sure if that would be bad for the Zynga or if Words with Friends would be enough for it to be really popular?
I hate victims who respect their executioners
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...looks like I'm gonna have
...looks like I'm gonna have to dump this at a loss, and start over. HAHA.
Beretta: ...looks like I'm
...looks like I'm gonna have to dump this at a loss, and start over. HAHA.
Next time you make a stock pick, make sure you go through BH's old posts and make sure it's not his most hated company of all time.
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
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Just keep doubling down
Just keep doubling down eventually you will profit... check this article out
http://en.wikipedia.org/wiki/Martingale_(betting_system)
"Well, you know, I was a human being before I became a businessman." -- George Soros
I also don't see a good
I also don't see a good future for the company, because casual gamers don't pay.
What other stocks have taken
What other stocks have taken such a post-IPO dive so quickly?
BlackHat: Beretta: ...looks
...looks like I'm gonna have to dump this at a loss, and start over. HAHA.
Next time you make a stock pick, make sure you go through BH's old posts and make sure it's not his most hated company of all time.
Hate Zynga more than Groupon? I hate both with a passion. Wanted to get your view.
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TheKing: BlackHat: Berett
...looks like I'm gonna have to dump this at a loss, and start over. HAHA.
Next time you make a stock pick, make sure you go through BH's old posts and make sure it's not his most hated company of all time.
Hate Zynga more than Groupon? I hate both with a passion. Wanted to get your view.
You're basically asking who I hate more: Hitler or Obama. Hitler, but barely. Groupon's like the small black chick from the Hunger Games. Most people have no fucking clue why, but she ends up surviving longer than most. Not that she won't get killed eventually.
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
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BlackHat: TheKing: BlackH
...looks like I'm gonna have to dump this at a loss, and start over. HAHA.
Next time you make a stock pick, make sure you go through BH's old posts and make sure it's not his most hated company of all time.
Hate Zynga more than Groupon? I hate both with a passion. Wanted to get your view.
You're basically asking who I hate more: Hitler or Obama. Hitler, but barely. Groupon's like the small black chick from the Hunger Games. Most people have no fucking clue why, but she ends up surviving longer than most. Not that she won't get killed eventually.
Bro, come on, there's an endless number of people who want teeth whitening, massages, and/or botox treatments.
See my WSO Blog
Groupon has no competitive
Groupon has no competitive advantage, and its model sucks. Most Groupon users aren't repeat customers at a business, and most businesses aren't repeat customers of Groupon.
Lets face it, all this so
Lets face it, all this so called new age tech companies are nothing but the same.
A company needs revenues to generate cash flows aftter expenses and working capital shifts.
When the firm is unable to even recognize their revenues properly and extract value out of the huge user base, something is very wrong.
On your question, I think it depends on your risk appetite, time frame, other uses of cash and costs of opportunities.
Personally, I like to sell losers instantly if I spot a mistake on my part to avoid holding it for eons just to break even and lose out on inflation and lost opportunities. I will only hold things I believe has a value mispriced. It is hard for others to advise for you on this and only you know your profile the best.
Good luck!
By the way, martingale system
By the way, martingale system wont work here due to the non large duration of investing and price movement here is certainly not random enough.
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I'm sorry but just after
I'm sorry but just after talking to some of the major shareholders today, honestly I think what these guys did in that secondary offering was borderline (if not over the line) criminal. You can cry all you want about insider trading or other white collar, but legally sanctioned raping of the investor base is apparently fine as long as you file it in advance with the SEC. This is an absolute monstrosity of a company, and they knew damn well what was gonna happen to this business. I'm so sick and tired of hearing from the masses about how amazing these "startup entrepreneurs" are and how on Wall Street we're all just a bunch of crooks trying to rape your wallet and adding zero value. What value does Zynga add? These guys and their techy counterparts are the real waste of space.
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
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sell that shit
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If the majority of the users
The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee
WSO is not your personal search function.
The Reformed Broker has a
BlackHat: I'm sorry but just
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DontMakeMeShortYou: BlackHa
I hate victims who respect their executioners
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BlackHat: DontMakeMeShortYo
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DontMakeMeShortYou: I think
I hate victims who respect their executioners
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Wish I had shorted it after
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Use puts?
Cola Coca: Use puts? Puts
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This company is a waste of
Reality denied comes back to haunt
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WhiteHat: This company is a
CaliforniaAnalyst: WhiteHat
Reality denied comes back to haunt
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DontMakeMeShortYou: My boss
Ugh,
DontMakeMeShortYou: Wish I
Reality denied comes back to haunt
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