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After opening lower on the day of its share lockup expiration, Zynga (ZNGA +1.6%) is following...

After opening lower on the day of its share lockup expiration, Zynga (ZNGA +1.6%) is following the tech sector higher. The fact insiders already sold 49.4M shares through a secondary offering limits the expiration's impact. Separately, Tero Kuittinen notes Draw Something is falling on the App Store's leaderboards, thus making Zynga's acquisition of OMGPOP a questionable one.
Comments (6)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Zynga didn't just buy a company with one game. They bought a company that has a 5-year track record of creating games that people want to play and the talent that can create and implement the games on social-mobile platforms. Bullish on ZNGA.
    1 May 2012, 02:32 PM Reply Like
  • Kevin Stevens
    , contributor
    Comments (115) | Send Message
     
    Actually - Zynga did just buy a game. OMGPOP has one game that has been popular, Draw Something.

     

    The stock is up slightly because people are snatching up the stocks for short positions (It always happens like this). This stock is going to drop like a rock. Look for $3.00 a share soon. Insiders are about to start dumping again.
    1 May 2012, 03:22 PM Reply Like
  • brianvoip@gmail.com
    , contributor
    Comments (7) | Send Message
     
    It's sad but true.
    1 May 2012, 08:52 PM Reply Like
  • Mbrillo1
    , contributor
    Comments (409) | Send Message
     
    Zynga Inc. (ZNGA): For the first quarter of 2012, Zynga Inc. (http://bit.ly/vkoRj4) reported bookings was jumped by 15% to US$329 million, from US$286 million in the same quarter of 2011. The company's revenue for the quarter was US$321 million, increased 32% from a year ago. Zynga Inc. volume of 41.01 million shares traded in the last session was surprisingly higher than its average volume of 14.75 million shares. The stock has been moving within a range of US$7.95 - US$15.91 over the past 52 weeks.

     

    Facebook goes on the road soon. Good news for Zynga.
    I will buck Stevens anytime.
    2 May 2012, 09:09 AM Reply Like
  • Mbrillo1
    , contributor
    Comments (409) | Send Message
     
    OK. Let's see, where were we when I last left you?
    Oh yes, last Thursday- Kevin Stevens said; "ZNGA stock is dropping like a rock. I would sell short.I strongly believe this staock will bottom out at about $3 a share. I will wager that by tomorrow the stock will be at $8.00 a share with a mad sell off Friday morning". I completely differed.
    Stevens accused me of either being an investor in Zynga or work for the company. Guilty of the former, as of $8.30 this week. You pick your spots and let the numbers create the results .
    Zynga is merely a trading/investing vehicle for me. Thus far it has been a highly profitable one.
    This is truth: I bought Zynga last time around as low as $8.01. I sold my last stock at $15.65 in less than 4 weeks. This is not a boast! This is my trade that took place. I make many trades. It is my business.
    When a "Guru/Programmer" espouses to me some silly argument about a company, I take offense- especially if it is a company that I am involved in. The numbers tell the story and the story and there it is.
    I know that I do not know where ZNGA will be next year nor do I care. What I do know (in my own mind) is that Zynga will be higher by the end of this year and that is what I care about.
    2 May 2012, 04:37 PM Reply Like
  • Kevin Stevens
    , contributor
    Comments (115) | Send Message
     
    And like I said on your duplicate post.. i am glad it's working out for you.
    2 May 2012, 06:06 PM Reply Like
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