Wednesday, December 21, 2011

The PURE PLAY on PLAY. ~ Zynga, Inc. ~ $ZNGA

Zynga = The PURE PLAY on PLAY.

 1) VIRTUAL GOODS = REAL PROFITS!
2) DOWN 15% from IPO 
 RISK: high valuation @ 6B+
LONG $ZNGA 


PURE PLAY: MOBILE GAMING $GLUU

 Glu Mobile

... looks like Mathew Drapkin, the "insider", tried to game the ZNGA IPO.  Not sure he got the pop he was looking for, but it creates a nice floor at $2.99-$3.00  *stop loss level

PURE PLAY:  MACAU GAMING $MPEL

Melco Crown
20%-30%+ YOY growth


 p.s. HEDGE:  $SPY JAN 123 PUTS


the market is a ...

Monday, December 19, 2011

The HIGHER LOW. ~ SPDR S&P 500 ETF $SPY

 
DEFENDING THE HIGHER LOW. 


LEVELS
1) RED bullish trend line from the low. (filled gap/top of base)
2) ORANGE bullish trend line from bottom of base. (unfilled gap) *
2) GREEN horizontal "higher low" support line.




* favorite buy zone (orange)
     ... gap fill area, oversold stochastic level, higher low intact.

p.s. watch/wait
   ... for the breakout spike in $TLT for a top/equity bottom.