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ZNGA- Buy or Sell Zynga stock?



Buy or Sell Zynga stock?

Buy or ell Zynga stockI’ve been a strong supporter of Zynga (ZNGA), the San Francisco based social game developer, although I violently opposed purchasing the stock at its IPO price of $10. As soon as Zyga hit the streets it quickly bolted to $11 dollars a share all the way to almost $15.  Unfortunately for those who didn’t heed my warning the stock plummeted  A few dear friends kept on buying it on the way down… at $7… $5… even $3 a share. I kept telling people that it would be a great investment but just not now.

“Then WHEN ??”

At $2.10 I sent out a BUY order through the news letter. Many skeptics refrained from jumping on the train. I can’t blame them. But today Zynga closed at $2.74. About a 30% jump.

If you have a portfolio I’d advise you get into Zynga. It has a rough road ahead but in my book it will be one of the biggest earners of 2013.

Buy or Sell Zynga stock? BUY

 

Update 2/7/2013: ZNGA – $3.09 a share


Posted by on Feb 6 2013. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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