$GLUU follows Zynga IPO and Watchlist Dec 15, 2011

$GLUU - OK. If you aren't in, you may be missing a nice opportunity. The best buy in price was today at $3.00 where there were over 725,000 shares traded at that price alone! The volume today was just about 2.6 million. Thats about 30% of pure solid gaming volume right at 3.00. I would have taken more up for sure, but was limited in trades.

Zynga, a gaming company, has its IPO tomorrow and is rumored to be around $12.00/share (a market cap of $9 billion) which beats estimates of $8.00-$10.00/share. There are multiple bull articles, and multiple bear articles that have been put out on Zynga and I don't care. It's all speculative until game day, and that is tomorrow. Zynga takes off, and we in $GLUU take off. I say $GLUU gaps up, dips then rips.

Relatively unbiased news clip ---> HERE

Resistance points are noted on the chart at 3.49, and up around 3.71. My goal is to get to 3.53 at least. Depending on sentiment I will stay or close.

An entry around 3.15 to 3.20 would be good, and stop below 2.97. Goal 3.53. R/R is 2:1

Intraday chart showing you the massive support that we have at 3.00 now.

$LIVE - My number one breakout or short play. A pop up to 6.40 area again with a failure to breakout will lead me to short this sucker. It held up nicely today actually considering the overall market. There is a daily chart below, and an intraday chart below. On the intraday, the overlay is $QQQ for the NASDAQ. This trades thin, and whipsaws like crazy, so if you play this one put on your balls of steel and be quick.