Seeking Alpha

Rabbi Dingles

Rabbi Dingles
Send Message
View as an RSS Feed
View Rabbi Dingles' Comments BY TICKER:
Latest  |  Highest rated
  • TechCrunch's Josh Constine does a post-mortem on Zynga's (ZNGA) collapse. In addition to the mobile gaming shift, he blames higher customer acquisition costs, Facebook's efforts to reduce "game spam" within notifications and news feeds, and the growing popularity of more complex games than the likes of FarmVille. Zynga now has a market cap of just $1.88B, in spite of having $1.2B in cash in the bank. Have shares sunk low enough that a Nexon, Yahoo, or Amazon will make a bid? [View news story]

    "I can't believe there is no market to sell Virtual Tractors for people with Virtual Farms so they can grow Virtual Corn to feed their Virtual Sheep bought with real money, well... counterfeit money from the Federal Reserve in exchange for Virtual Goods and Services."
    Oct 11 12:03 PM | Likes Like |Link to Comment
  • Zynga (ZNGA) warns it expects 2012 bookings of $1.085B-$1.1B, below already lowered guidance of $1.15B-$1.225B. The company expects Q3 revenue to reach $300M-$305M (above a $275.9M consensus), but forecasts bookings will amount to just $250M-$255M. Zynga blames weakness in games within its web "invest and express" category (e.g. FarmVille, CityVille). Also, an $85M-$95M write-down is being taken on the OMGPOP acquisition. Shares are halted, and will resume trading at 5.05PM ET. [View news story]
    Headed to $2.
    Oct 4 08:24 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 365K vs. 370K consensus, 377K prior revised (prior week 374K). Continuing claims -6K at 3.32M[View news story]
    No recovery anywhere here in Michigan. Hundreds of thousands of people out of work and losing their homes and cars. There is no recovery whatsoever.
    Sep 6 11:02 AM | Likes Like |Link to Comment
  • Facebook Shares Highly Susceptible To Reaching $10 [View article]
    "Facebook is a voyeuristic, crowdsourced paranoia funded by large corporate interests looking to create a highly targeted advertising engine designed for those who want to believe they are better-looking and/or wealthier than the people they despised in high school.

    As a public bulletin board slickly branded as a "social media tool," it is a microcosm of America itself -- a fake empire fully engaged in delusional, juvenile, anti-social activity. When a terrible act of bullying or suicide occurs, or when a rape, shooting, stabbing, strangulation, or other violent act takes place, the first location the police scour for evidence is... Facebook."
    Sep 6 10:53 AM | 2 Likes Like |Link to Comment
  • Facebook Target Price Is $5, But More If Zuckerberg Quits [View article]
    1.7 Billion shares to come and you're optimistic? Are you best friends with Lance Armstrong? I recommend you drop the wristband and align yourself with someone more honest.
    Aug 29 06:57 PM | Likes Like |Link to Comment
  • Facebook Target Price Is $5, But More If Zuckerberg Quits [View article]
    1.7 Billion shares to come and you're optimistic? Are you best friends with Lance Armstrong?
    Aug 29 06:56 PM | Likes Like |Link to Comment
  • Expecting 9% Decline in Housing Prices Nationwide in 2010 [View article]
    He is spot on. All the data points in one direction: downward pricing pressure.

    Maria Bartiromo has turned into a fat slob. She's eating for free every night, and her analytics suck.

    The party is over. Prepare for 9% decline and wait.

    Don't buy anything. The Con is ON.
    Sep 14 07:45 PM | 1 Like Like |Link to Comment
  • Stocks May Surprise by Year-End [View article]
    The storm is right around the corner. Most of Europe is suffering the worst economic downturn since WWII. It's that bad. Pull out and hold the cash. Do not buy non-essential items. DJIA headed to 6900 before you can say Porsche Panamera, Bloomberg's Car of the Year, 2010.
    Jul 5 11:47 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
19 Comments
7 Likes