Why ask “When is Facebook IPO coming out” when recent IPO Zynga, Inc. (NASDAQ: ZNGA ) is “booming” since Facebook announced going public. Shares in ZNGA traded nearly 6x its Average Volume since its IPO in December yesterday on the heels of Facebook’s announcement.
ZNGA traded as high as $12.91 in yesterday’s trading session.
ZNGA closing price yesterday was $12.385, up +16.84% (+1.785).
ZNGA traded volume of 59,038,460.
ZNGA is trading:
- $ 3.025 above its 20 day moving average,
- $ 2.295 above its 10 day moving average and
- $ 1.605 above its 5 day moving average.
ZNGA has a Market Cap of $8.66B with a 520.89M Share Float.
Facebook revealed it made 12% of its revenue last year from video game publisher ZNGA. Zynga leverages Facebook’s 800 million user base to achieve viral distribution of games, which boosts user growth and minimizes sales & marketing costs,” wrote Morgan Stanley’s Scott Devitt in a note to clients last week. He rates Zynga “overweight” with a $14 price target.
While waiting for Facebook to IPO, add ZNGA to your watch list as it should pop again on the coattails of the IPO launch date of the Social Media Giant.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
About AimHighProfits.com
AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential.
Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.
We have particular expertise with internet stocks, gold stocks, renewable energy stocks, biotech stocks, oil stocks and green energy stocks. There are many hot penny stock opportunities present in the OTC market every day and we seek to exploit these hot stock gains for our members before the average daytrader is made aware of them.
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