As we near the close I’ve decided to hold my shares of ZNGA long into earnings. Rhino just came out with a well thought out piece on why the company is a short. This is not good. His batting average is high on earning’s plays. However, like RaginCajun I’ve traded the name around these last few months building in a nice buffer on my position. The joy of scaling, if you will.
With my colleagues thoughts disclosed and considering there’s three of us on this play (!) I thought I should give my two cents. I have liked the chart for several weeks now. It’s trudging along, popping eight percent on occasion, then being faded. The company itself I ABSOLUTELY DESPISE. I grew up playing real video games like Mario brothers and Street Fighter. Then I moved onto Mario Kart and Golden Eye. I was briefly addicted to Super Mario 3 (!) often timing how fast I could beat the game (blow the whistle toot toot!). My days playing games trailed off around Halo 2 as I began to realize what a massive waste of time the games were. Oh, somewhere in there I played a ton of Grand Theft Auto and Roller Coaster Tycoon.
Then they started making really lame video games that people played on Facebook and their stupid smart phones. These games suck, all of them. The people who play them are sloths, high on the $MJNA.
OUR COUNTRY is full of sloth like creatures, and they play these wicked games. That is why I’m long this dildo company into earnings.Comments »