Big Board stock traders and investors keep an eye
Post# of 98055
Big Board stock traders and investors keep an eye on ZNGA. Since the Facebook IPO debacle, ZNGA has dropped from around $8.50 a share to under $5 this week, currently trading in the $5.05-$5.15 range. The current market value of this company is low (IMO), but recent news coming out of FB regarding their revenues has spilled over into ZNGA as they are tightly linked. The recent decline has been attributed to employees selling their stock in the company and a series of bad press stating revenues might not hit expectations. If you like volatile stocks (many of you do since you invest in penny stocks), this might be a good stock to keep on watch. There are profits to be had at these low levels. I have seen very little analysis suggesting the stock will hit $4, but I would put the bottom in the 4's and I would expect to see the stock trading in the 5-7 range throughout the summer and may get back to the 7-10 range by the end of year (pending solid news from the company). Also, be aware of any second offering of shares as this will impact the pps.
Please alert your big boards on the MVP board when you come across a potential short-term/long-term gain on a typically more consistent security. Good luck with your trading and investing everyone!
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