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-Zynga missed earnings and offered low guidance sending it down almost 40% after hours.
-Facebook went down 7% after hours because of Zynga's miss and low guidance.
1) Anyone buying or shorting ZNGA? (I wanted to short or get put options, but got too scared)
2) Do you think Facebook will also miss earnings too? (I shorted FB and covered after hours, but I'm thinking about shorting it again before earnings or getting put options)
bmw, sounds like you are in the investing game for a while. Are you winning big overall?
I am curious because it sounds like you are basically guessing if the earnings will hit or miss, because until they release that info, no one will know for sure.
Doesn't seem like you are investing, but more like gambling.
Yeah, I'm staying away from any of these so-called social media stocks. I haven't liked them right from the start, and I've made the very clear here since long before the FB IPO debacle. I'll be watching them both today because I need a good laugh. And people call the biotech stocks I've been playing with speculative!!
Long term, i'd stay away, but if i were a gambling man, i wouldn't be surprised if there was a short term pop. Overall sentiment is negative, ad revenue growth is decelerating, fears monetizing from mobile ads as users start shifting to their phones, and zynga earnings disappointment. I would guess zucks and team would deliver a middle of the pack quarterly earnings. Since sentiment is low, street will take this a good way.
As whether facebooks 5-6% drop because of zynga warrented? I think its a bit much, since zynga accounts for around 12% of revenue, based on their filining. But lets say it was warrented, and now priced in. Now the focus will be on ad-revenue growth and mobile.
-Zynga missed earnings and offered low guidance sending it down almost 40% after hours.
-Facebook went down 7% after hours because of Zynga's miss and low guidance.
1) Anyone buying or shorting ZNGA? (I wanted to short or get put options, but got too scared)
2) Do you think Facebook will also miss earnings too? (I shorted FB and covered after hours, but I'm thinking about shorting it again before earnings or getting put options)
Today, I bought 200 Facebook for $27.00 and sold the weekly $27.00 call option for $1.80.
Maximum profit by Friday is $360.00.
However, I can roll the options to next week, if desired.
Downside protection to $25.20 which is above it's 52 week low of $25.52.
I like the risk - reward. We'll see what happens in the next hour.
I shorted Facebook 10 minutes before the market closed and saw it shoot up. Disappointed I left my computer, then checked my phone 10 minutes later to see it down 10%, wooot! lol
bmw, sounds like you are in the investing game for a while. Are you winning big overall?
I am curious because it sounds like you are basically guessing if the earnings will hit or miss, because until they release that info, no one will know for sure.
Doesn't seem like you are investing, but more like gambling.
I only gamble during earnings season lol. Overall, I'm up a lot (not from trading earnings though). I started being serious with stocks in my junior year of high school with around $2,000 and now my balance is 1XX,XXX.00. I'm 24 years old.
I'll be watching them both today because I need a good laugh.
I've been having a good laugh watching Closing Bell with Maria Bartiromo. It's hilarious watching all the headscratching, speculation about what Zuckerberg should have done, why is the stock plunging, what went wrong, etc. Duh! The stock was way overvalued!
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