Got Some Zynga, but...
It looks like the Zynga (Ticker: ZNGA) IPO turned into a dud. I was allocated a few shares, but the stock quickly dropped below its offering price of $10 per share. I sold my shares in Zynga at $10. My initial plan was to flip it for a quick profit, but that plan quickly changed. The valuation in Zynga is just too high for this market environment.
posted by Money Turtle @ 12:14 PM
2 comments
2 Comments:
Looks like Zynga IPO marked the top in the market, so selling out probably saved you money
Thanks for the comment... I don't see this as a top, but rather a somewhat bullish signal as it shows that there are some fear in the market.
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