ZNGA - Opinions
Do you think its worth buying at this point?
I thinking it could be a very short term trade, but it is scary?
I would stay away from the gaming industry at the moment, too volatile and too unpredictable...
This would've been a good play last week before earnings and the situation in NJ when it was $2.70. Since Christie vetoed the bill and passed it back now for the second time, it will be interesting to see what takes place. CZR, BYD and MGM all saw much bigger pops than ZNGA. ZNGA's deal with BWIN in the UK is interesting but still shuts out the USA landscape.
Legalized poker has been on the table for the last few years but not one state has stepped forth to get it done in whole. Even if NJ or NV legalize internet gambling it will be for in state residents only. A great start but a long way to go.
I would sit back on this one and just monitor it closely.
Thanks for your opinions... This one has been on my watch list for awhile... I guess I am kicking my self for not getting in at the bottom...