Well, I did it…
I tried to rationalize every reason why not to buy shares in Zynga….And then I did completely the opposite. 🙂
10.80/share…
Now I will get the satisfaction of either
1) Watching the bubble inflate this time
or
2) Proving how wrong mm33 is on his stock picks, by tanking his portfolio now that I’m in it. Because obviously, whatever I’m in, will eventually tank. Just kidding there… Sort of…
And to make it interesting, these shares are purchased in a Roth IRA account. Stole this play out of MM33’s playbook too…. LOL!
Yeah, I know. I’m going nuts… Yes, I know. What about fundamentals?…. What fundamentals? irrational exuberance 2.0…
BTW: zynga’s average daily vol is around 10million shares. It’s 1/2hr into trading, and it’s already at 7 million shares. It’s .com days all over again.
