I was expecting the ZNGA decline once FB was delay
Post# of 314
I was expecting the ZNGA decline once FB was delayed, but I didn't think it would be so massive. I was watching the L2 and I couldn't put in orders to buy quick enough (trying to average down from $8.15). I ended up taking the loss after the second halt. Not sure what will happen with ZNGA. I like it as a long-term play, because I feel it is undervalued. However, I just don't like the fact that the employees will be dumping shares soon. I will watch FB as well, but today's trading hiccups (technical issues/delays) worry me more than the fact that I kind of expected a lackluster first day.
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