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
Melco Crown
20%-30%+ YOY growth
p.s. HEDGE: $SPY JAN 123 PUTS
the market is a ...
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