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Zynga Lynga Ding Dong

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Well, back in 2011, Zynga was the hottest thing since sliced bread, and the IPO was red-hot. Now, over a decade later, you have a stock which, even with a buyout at a 44% premium to its prior close, had managed to LOSE money for its investors in the most gargantuan, fakest, most fraudulent bull market in history. Well, done guys. It’s almost impossible, what you achieved. Their fundamentals must have been absolutely dreadful.

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