10-25-2013, 10:39 AM
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#11 (permalink)
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A True Z Fanatic
Join Date: Aug 2013
Location: Romeoville, IL
Posts: 1,093
Drives: 2010 370z 40th
Rep Power: 3389
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Quote:
Originally Posted by Chuck33079
See, here's where we disagree. I'd rather not be long zynga. I have no problems making an options bet on their earnings. But there's a million different ways to invest and zynga doesn't hit the metrics I need to own it. That's why this is fun. Everybody has their own system.
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I don't think I'd have a huge position in it long term either. But this is one of those Higher risk long term growth opportunities I would hold on to. We are talking $400 for 100 shares. If that's a small portion of your portfolio I like ZNGA as turnaround growth play. I've done this over the years with Smith and Wesson and RiteAid. Both of which paid off enormously after about 5 years. Trust me...I've lost too! But I like to take portion of my portfolio, do some homework, and bet on companies that may grow in the future. That's the portion of a portfolio things like this are good for. And at $4/share you can do this with a small amount of risk. But your ABSOLUTELY RIGHT! ......different strokes!  
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