[quote=AN][quote=markmax33][quote=flu]Looks like not only is Groupon cratering, like I predicted, but so is Zynga… 10.45 and going down….
It’s close to ipo pricing and probably going below that soon…Splatville here we come.[/quote]
Flu – I love how you make predictions with no merit. I just doubled down on ZNGA. If you understood advertising or gaming you would know ZNGA is not a “web stock”. Even my 70 year old father is playing games on his mobile device. LOL @ FLU![/quote]
Ouch, down to $8.80 now. Time for triple down?[/quote]
Well, it’s quite simple. Pissing match between retail investors, and institutional investors/insider, guess which category always wins at the expense of the the other. You know what is a sell sign for a stock? When insiders start unloading like crazy. It’s not the insiders that have regularly scheduled timed stock/options sales.. Its unusual events that allows insiders to unload. Afterall, if insiders actually thought their stock/options were going to be worth more in the future, they wouldn’t be massively unloading now right BEFORE a facebook IPO….
Or in the case of these web 2.0 trying to skirt the usually normal 180 lockup period that just about every web 1.0 company went through. The only reason why they are skirting around these lockup periods is because they want to cash out now, because they feel these valuations won’t hold up.
Something also specifically about zynga that is alarming. It’s strategy seems to be to use IPO proceeds to go on an acquisition spree. Translation: it doesn’t have the next big hit and needs to go out and buy it…..Problemville.
