Is It Time To Dump These Stocks? Zynga Inc(NASDAQ:ZNGA), JinZangHuang Tibet Pharmaceuticals, Inc.(OTCMKTS:JZHG), and Molycorp Inc(NYSE:MCP)
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Zynga Inc(NASDAQ:ZNGA) suffered a four cent loss during Friday’s trading, a 1.37% decrease in value that moved the stock to a closing price of $2.88. The stock notably traded for as little as $2.70 during the day, a new 52 week low for the California-based online social games developer. Zynga, which recently reported an earnings per share loss of two cents for the second quarter, will be creating a game based on Tiger Woods under its Zynga Sports 365 brand. The stock regained one cent during after-hours trading to move to $2.89.
JinZangHuang Tibet Pharmaceuticals, Inc.(OTCMKTS:JZHG) enjoyed a 110.23% increase in value on Friday as the stock gained $0.0097 to close at $0.0185. The stock, which traded within a range of $0.0092 to $0.0369 during the day, remains over twenty cents below its 52 week high of $0.22 recorded on Sep. 20th, 2013. The New Jersey-based Tibetan pharmaceutical company, which distributes its products in China, had a trading volume of 7,006,396.
Molycorp Inc(NYSE:MCP) gained one cent during Friday’s trading, a 0.43% increase in value that moved the stock to a closing price of $2.36. Although the stock remains a disappointing $0.75 below its three month high of $3.11, the new closing prices places the Colorado-based rare earths and rare metal materials producer $0.49 above its three month closing price low of $1.87. Molycorp reported its second quarter financial results before the markets opened on Thursday. This week, the company also notably announced that it had agreed to a $400 million financing arrangement with Oaktree Capital Management LP.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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