Sunday, February 10, 2013

Zynga (ZNGA)

BUY signal the week of 2.4.13 (Friday) at $3.43. My first stop is $2.20, so my initial risk (R)/share will be $1.23. 

Honestly, I don't know what to think of this trade. But I've taken buy signals recently for both Facebook (+2.0%) and LinkedIn (+27.5%), so why not this one too? 

Zynga's volatility is actually higher (35.9%) than the other two stocks (31.9% and 18.3% respectively), but at the lower price there's considerably less overall downside risk. I'd like to think that anyway.

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