Through the pandemic it has been no secret that video game stocks like ATVI
are very strong performers since so many people are stuck at home. But you don't hear much about ZNGA
, even though it fits the same mold and has been on a great run lately. On top of that, they made a great acquisition lately which will grow the user base and demonstrates management's hunger for growth. IMO the chart is looking very bullish
and currently melting up towards $10.
Have been holding the 1/15/21 $10c since the stock was $7.50 in late April. Currently up 100% and gaining.
Target: sell when ZNGA
hits $11 region - expecting in Q3. Depending on price action I might hold 1 contract to actually exercise. I like the long term story too.
Reassess if turns decisively back to $8ish