Wait Were We Bidding Up $ZNGA Because of Gambling or $YHOO?

Whilst I was away Zynga popped and faded on news that Yahoo was looking to acquire engineers via  an acquisition.  If you bought that news and are now underwater get ready to be squeezed into liquidation.  If you’re new to ZNGA I would like to welcome you to the cocaine train.  Be prepared for spikes of euphoria followed by long stretches of pessimistic stomach churning.  You may find yourself irritable during this stretch, likely because you’re long more shares than should be.

Let me explain something to you: there’s a big head and shoulders forming on the daily chart of Facebook.  This can affect all social shares because Facebook is the goblin and these other companies are mere goons.  What’s a goon to a goblin?  Absolutely nothing.

Play Zynga for online poker and nothing more.  If you’re oversized this degenerate, cocaine addled name, seek help.

As of this writing ZNGA is a 5% position.