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

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About the Author

Michael Caldwell
Michael Caldwell is an American Author, Philanthropist, and retired Attorney from Boston, Massachusetts. The founding member of The Allegiant, Michael, has spent his life and career fighting for equality and social justice in the United States. He is a graduate of Penn State University and Yale Law as well as a U.S Navy Veteran, a movie buff, and a travel enthusiast. Google Plus