I subscribe to your hypothesis that people were trading Zynga as a proxy for Facebook. The fortunes of Zynga are highly dependent on Facebook, and when big daddy was going down today so was Zynga.
As for making money on this, no dealers had shares available to sell short this morning or the past few days I believe.
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I subscribe to your hypothesis that people were trading Zynga as a proxy for Facebook. The fortunes of Zynga are highly dependent on Facebook, and when big daddy was going down today so was Zynga.
As for making money on this, no dealers had shares available to sell short this morning or the past few days I believe.