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Old 12-16-2011, 11:35 AM   #1 (permalink)
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Default Another stock thread

Hey I dont know if anyone caught this but ZYNGA (the facebook game people) just opened their IPO at $10.00 went to $11.00 and dropped down to $9.50. I jumped on it and got 500 shares (thanks Ameritrade). I recommend if anyone has the funds to jump in on it because the forecasters are really optimistic about these guys.
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Old 12-16-2011, 12:40 PM   #2 (permalink)
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Seems like they overvalued themselves as the stock continues to drop....wonder where it will end up at....some investors are a little worried they have all their eggs in one basket with such an exclusive deal with facebook, I don't follow the market much, but have been debating whether or not to get in on this myself...
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Old 12-16-2011, 12:54 PM   #3 (permalink)
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I think I mentioned it in the other thread, if you're buying on the open market and looking for long term investment, IMO it's better to watch IPOs and then make your move sometime after the lockup period.


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forecasters are really optimistic about these guys.
This alone is never a good reason to buy stock.


ZNGA today was a fairly flat IPO. Lots of analysts were critical of the valuation. If you're flipping, not much action there today.


Personally I don't like it at all.
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Old 12-16-2011, 04:39 PM   #4 (permalink)
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Well I am going to ride it out. Their revenue has steadily increased over the past 3 years and their forecast for the next year is like a 30% gain. They are the only people in the market and until someone challanges, I dont see how I can loose. I did alot of research before I dumped 5K in this...trust me on this
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Old 12-16-2011, 04:40 PM   #5 (permalink)
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Well I am going to ride it out. Their revenue has steadily increased over the past 3 years and their forecast for the next year is like a 30% gain. They are the only people in the market and until someone challanges, I dont see how I can loose. I did alot of research before I dumped 5K in this...trust me on this
I don't want to crap on your parade, but that is a terrible perspective to have when trading or investing.
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Old 12-16-2011, 04:53 PM   #6 (permalink)
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Well I am going to ride it out. Their revenue has steadily increased over the past 3 years and their forecast for the next year is like a 30% gain.
If forecasts were always correct, there'd be no market because there'd be no risk. Also, while their revenue has been increasing, their net has been falling.

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They are the only people in the market
Really? What do you consider the market? Then take a look at an app store.

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and until someone challanges, I dont see how I can loose.
Famous last words.

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I did alot of research before I dumped 5K in this...trust me on this
So what do you think of their declining net? How do you justify a 70-80 P/E?
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Old 12-16-2011, 04:55 PM   #7 (permalink)
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This thread has potential.
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Old 12-16-2011, 04:59 PM   #8 (permalink)
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So what do you think of their declining net? How do you justify a 70-80 P/E?
This is the most important part of your post.
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Old 12-16-2011, 05:24 PM   #9 (permalink)
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another overhyped company from the 2nd tech bubble
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Old 12-16-2011, 06:17 PM   #10 (permalink)
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The first tech bubble was painful enough for my 401K.

70-80 PE is crazy risk IMHO. Might make sense in a well diversified portfolio, but is scary as a stand alone investment.

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another overhyped company from the 2nd tech bubble
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Old 12-16-2011, 09:31 PM   #11 (permalink)
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Well I am not going to sit here and just get into a pissing match with you all. I have an outstanding portfolio, a portfolio that is up 33% since 2007 when I first started. I have been right on many occasions (CAT / JWN / DD) and wrong on a few (AT&T / BOA). I have a good feeling about Zynga and so do alot of other people. If you have a problem with how I invest, take a number, right behind my wife.
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Old 12-16-2011, 09:35 PM   #12 (permalink)
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Well I am not going to sit here and just get into a pissing match with you all. I have an outstanding portfolio, a portfolio that is up 33% since 2007 when I first started. I have been right on many occasions (CAT / JWN / DD) and wrong on a few (AT&T / BOA). I have a good feeling about Zynga and so do alot of other people. If you have a problem with how I invest, take a number, right behind my wife.
Hopefully you hit it big just to prove all the experts and nay-sayers on here wrong but especially the biggest pain-in-the-azz (the wife)...LOL
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Old 12-16-2011, 09:53 PM   #13 (permalink)
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And I have hit it big Ron...but this is money that my granddad gave me and I am not taking a dime out until I absolutely need it. I am buying a house and still not touching it.
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Old 12-16-2011, 10:18 PM   #14 (permalink)
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Anyone think RIMM has long term potential?
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Old 12-16-2011, 11:10 PM   #15 (permalink)
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Anyone think RIMM has long term potential?
It has potential to get bought out. RIMM is going nowhere, fast.
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Old 12-16-2011, 11:23 PM   #16 (permalink)
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Anyone think RIMM has long term potential?
not with jim ballsillie as CEO. they will always be #3
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Old 12-17-2011, 01:15 AM   #17 (permalink)
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Quote:
Originally Posted by harryhudini View Post
Well I am not going to sit here and just get into a pissing match with you all. I have an outstanding portfolio, a portfolio that is up 33% since 2007 when I first started. I have been right on many occasions (CAT / JWN / DD) and wrong on a few (AT&T / BOA). I have a good feeling about Zynga and so do alot of other people. If you have a problem with how I invest, take a number, right behind my wife.
Pissing match? I asked you some perfectly reasonable questions about valuation by way of discussion.

If you're just going on "a good feeling", fine, it's your money. But you thew it out there. You can't get upset just because people don't agree with your outlook.
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Old 02-06-2013, 10:13 AM   #18 (permalink)
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Still don't like it but maybe a buy around $2.50?

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Old 02-06-2013, 10:46 AM   #19 (permalink)
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The (online games) market has little to no barrier to entry. It would need to drop pretty darn low before I touch it. Future earnings growth are not favorable.
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Old 02-06-2013, 10:51 AM   #20 (permalink)
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um ouch OP
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Old 02-06-2013, 10:53 AM   #21 (permalink)
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hope harry sold before he lost about 3k!
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Old 02-06-2013, 11:07 AM   #22 (permalink)
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From a gamer perspective..

ZYNGA is the worst game company in the world, they steal other peoples ideas all the time, and try to make money off children by getting them addicted to crappy games and using mommy's and daddy's credit card to buy more time/items.

They represent the very, very worst of the industry, and I hope their company crashes and burns.
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Old 02-06-2013, 11:12 AM   #23 (permalink)
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Zynga will go under in two years.
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Old 02-06-2013, 02:29 PM   #24 (permalink)
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Quote:
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Well I am not going to sit here and just get into a pissing match with you all. I have an outstanding portfolio, a portfolio that is up 33% since 2007 when I first started. I have been right on many occasions (CAT / JWN / DD) and wrong on a few (AT&T / BOA). I have a good feeling about Zynga and so do alot of other people. If you have a problem with how I invest, take a number, right behind my wife.
BOA should have done alright compared to the Zynga pick
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Old 02-06-2013, 03:35 PM   #25 (permalink)
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hopefully he bought at $9 and sold at $15!

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