"I don't know how anyway could say the ZNGA fundamentals are good, they lose money every year. Why would any one pay billions for a company that looses money. Sure,it's easy to get tons of customers when the price is zero. Imagine how many pizzas I could deliver if there price was zero and free delivery. Last year they lost something like 200 million dollars. Of the top of my head I imagine that would be something along the line of having around 100 pizza shops giving free pizzas year round." Are you Short ZNGA? Is anyone Long ZYNA now?
Looking at the daily chart doesn't look good at all, but I'd be a buyer at 2.20 of a small amount and if it starts going up, buy more, but 3.60 area seems to be huge selling area.