Perhaps you've heard of Mafia Wars, FarmVille, Café World, and Zynga Poker. Zynga distributes games through social networking sites and via mobile apps. The company makes money through the sale of virtual goods associated with their games and through advertising.
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My wife's pick.
She has been wanting me to buy some Zynga for a long time, and I told her I would get her some if and when it got down to under $5.00, so I put in a start limit at that price.
Well, it finally got here, so she is happy and has one to watch.
It could go anywhere over time, but in light, so if it drops more, it won't be a big problem.
If it goes up, she will get to say, "See, I told you", and that will make her happy, thus making me happy.
I reminded her that just like her, a lot of "FARMVILLE" players no longer played it.
I also warned her that, at least for now, their fate is tied to that of FaceBook.
She still wanted it, so now she has it.
In at $4.95, losing so far.
Will watch for awhile to see if we want to get a few more shares.
You should probably hold off on buying shares. Don't think it is cheap just because it is trading at a 52 week low. The company has a fair book value of $2.42 per share, which means anything over that is funny money.
In other words, don't make the same mistake here that we made with Cereplast hahaha. I have learned quite a bit about reading balance sheets, income statements, and cash flow statements in the last month (now that I graduated and have some time). Looking back, nothing pointed to CERP being a buy except my inexperience.
I'm still in it btw and have no hopes of seeing it breach my entry point of $0.9134. Management is not the best, but I don't think the first three quarters of 2011 were a fake. If they can get their house in order they should be able to see revenues of $50 million. That looks like it won't happen for the next few years though.
Just to be clear, Zynga is not hopelessly bound to Facebook. While I'm sure that accounts for a large chunk of their user base, Zynga has also ported its games over to Google's Facebook clone, and they have mobile apps for a lot of their games as well. Zynga's big problem now is direction. Management needs to tighten up, focus and execute. This is Zynga's largest hurdle, and sadly we the Shareholder have no say in matters. That is, except by voting with our money and bidding the stock down till they get the message (which is happening as we speak).
I only bought 10 shares.
She doesn't care how many, just that I bought one she liked and now she has something to watch on the ticker.
I think there is a chance they could turn it around over time, but I am in no hurry to own more.
This was a "make baby happy" purchase.
Thanks for the comments.
blackngold
My only excuse for buying CERP at the price I did, was carelessness and stupidity, since I have been reading Financial Statements for over 40 years.
I did not go back and look at how long the A/Rs had been sitting there. I had it on my watchlist for a long time, and just got lazy.
I did buy my way down to $0.84, before selling at $0.72, so I ended up losing only about 14% on it.
Just could not bare to watch the "gyrations' anymore, so cut my losses and moved on.
The "story" on the product is a good one, but they just have not executed.
Good luck if you continue to hold it.
Acquiring this stock might be a very smart play. If Znga takes their poker to real money and I believe they will, well I can see this stock in the $20 range in no time at all. New Jersey and Delaware are currently legalizing on line gambling. I am acquiring this stock while it is low and hopefully will make a good profit.
I've added some more and am now in at $4.92.
Will watch to add more later.
Happy wife, happy life...:)
You are right there John (Harry).:)
Hate to ruin the party but...
At least you only had 10-20 shares. :)
But at least wifey is happy!!
haha
Now might be a good time to add some more.
While they had some negative news, it is certainly not the end of the world, and they have enough cash to turn it around.
Haven't decided yet, but may buy some more at this ridiculous price. I think the market over reacted because a lot of the initial IPO investors were not happy campers.
JMO and worth exactly what I am charging for it.
it's always a good time to add some with you lol
Let me guess: closed and re opened the position to reflect blah blah blah coming soon?
I'll be honest - you are the most entertaining sub 50 player out there on CAPS! I think the biggest problem for you is that you are very, very inpatient. Too obsessed with opening/closing new positions for a few cents here and there..but if you're a long term investor as you say, I just don't why that would matter so much. It's killing your score.
Anyway just thought I'd give you JMO and worth what I'm charging for it! haha
Fool on teacherguy!!
HedgeFund
Glad I can entertain you.:)
As for the opening and closing of positions, most of those have only to do with CAPS numbers. I am not actually opening and closing my real money positions. All of the picks I am showing are actually owned in real life, and the purpose of the opening and closing is simply so that the start price shown is at or close to my actual cost amount.
That is what I use CAPS for, to keep track of where I actually am, and to share that with anyone who may be interested.
I buy a portion of my desired position at a certain price, then wait for the price to drop, then buy more and add to my position. When I do that, then my start price is lower, so when the price shown on the CAPS ticker gets to my actual price, I close and reopen on CAPS.
There are a number of my picks that show a start price much higher than my actual price, but I don't open and close them, because then my start price column would be overstating my actual cost.
As for being a long term investor, that is not quite correct. I am a longer term investor, by which I mean 2 or 3 years tops, at least in most cases.
In some cases, I am doing a short or intermediate term "swing trade", or even an out and out spec. play.
As for being a "good time to add", that is when there has been a significant drop in the price from what I purchased it at, and I still have not filled my desired position, then it ususally is a good time to add.
Good luck with your investments.
And don't go trying to steal my JMO and worth exactly what I am charging for it.:)
Bought some more during the previous market downturns, so now actually in at $3.38.
I'm tempted to go ahead and sell it while I am within less than 5% of being even, but will probably hold for awhile to see what the "gambling" rumor can do for it.
Since it is a gamble as an investment, it is only fitting to pin my hopes on their becoming an online gambling company.
There are too many good companies out there to play this one if you are not already in, or you just need some extra dicey, spicey excitement in your portfolio.
JMO and worth exactly what I am charging for it.
In for a whole lot less than shown, but still loosing.
Just waiting for the "wash rule" period to pass, then will probably start dumping.
Actually down about 20%, but thankfully not a huge portion of my portfolio.
Should have gone ahead and sold when I was within 5%, but thought I could be "clever" and get out whole.
That was "super stupid".:)
If I weren't already in, I would probably buy some at this price for a longer term "spec play".
JMO and worth exactly what I am charging for it.
Got close enough, so going to close it out and take my lumps.
Will put it on my watch list to see what happens going forward, but for now I am just going to end the pain.:)