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12 Dec

Swinging Zynga Mania; 2 Stocks I’ll Be Trading Ahead Of The IPO

by

Glu Mobile Inc. (NASDAQ:GLUU) engages in the design, marketing, and sale of casual and traditional mobile games worldwide. GLUU has a market cap of $217.21 million, $37.05 million cash and $0 debt. With 63.70 million shares outstanding GLUU has a book value of $.91 per share. The historical price action has been volatile giving GLUU a current Beta of 2.41 attracting swing traders like myself. Short interest has grown on the stock recently rising from 4.93 days to cover on 11/15/11 to 6.7 days to cover on 11/30/2011. Here’s what I’m looking at on the chart.

Majesco Entertainment Co. (NASDAQ:COOL) develops and markets video game products primarily for family oriented mass-market consumers. COOL has a market cap of $199.28 million, $19.67 million cash and $0 debt. With 38.86 million shares outstanding COOL has a book value of $.69 per share. The historical price action hasn’t been as volatile for COOL with a Beta of 1.81 but I still like swinging this stock. The short interest here won’t help a momentum rally at a small 2.53 days to cover per the last settlement date of 11/30/2011, however it has grown in November. Like GLUU, with futures being down this morning I’ll look for entry off the bottom trendline until the bulls circle the wagon. Here is what I’m looking for on the chart.

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4 Comments

  1. Stephen Cartisano

    What kind of a stop are you looking at for GLUU?

    Thanks

    Reply
    • Jason Bond

      Looks like for this week a break of $3 and it’s not looking good so probably a good stop. Nice move into close, I added 5k today.

      Reply
  2. Stephen Cartisano

    got into GLUU at 3.10 right after your alert. thanks.

    Reply
    • Jason Bond

      Sure thing Stephen, let’s hope it runs big this afternoon.

      Reply

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