Several volatile Internet names surged in late trading on option expiration day: ZNGA +10.7%. FB...


Several volatile Internet names surged in late trading on option expiration day: ZNGA +10.7%. FB +5.9%. GRPN +6.7%. YELP +6.2%. Also helping Zynga is a positive note from Goldman's Heath Terry, who defends the company against Cowen's claim that Zynga's daily users are declining. Terry argues the user activity tracked by Cowen's source, AppData, doesn't fully correlate with Zynga's bookings, and the correlation is declining further as Zynga grows its mobile ops. (previous)

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Comments (3)
  • raproducer
    , contributor
    Comments (7) | Send Message
     
    Mr. Cowen caused my stock to crash and lock in a loss from a house call from his misguided and unfortunate statements, losing 10% today alone.

     

    Maybe Cowen should keep his mouth and write me a check for that 10%
    15 Jun 2012, 05:05 PM Reply Like
  • Trongod2000
    , contributor
    Comments (105) | Send Message
     
    Sounds like you should have been reading my comments on Zynga instead of his. But, it's not to late. Zynga has a long uphill to go. There is huge profit for buyers at this level.
    15 Jun 2012, 11:48 PM Reply Like
  • chopchop0
    , contributor
    Comments (5162) | Send Message
     
    More like.... virtual products for customers. virtual profits for shareholders.
    16 Jun 2012, 11:18 AM Reply Like
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