Buy This Sub-$5 Now or Regret it Later

At some point, Zynga will likely sign a partnership with an existing Vegas casino. Several reports have stated that the company has talked with Wynn Resorts(WYNN) about some sort of collaboration. If (though I lean toward "when") that gets announced, expect immediate upside.

While ultra-speculative, Zynga has so much more going for it than the standard low-priced, spec play. The market woefully underprices this stock, which could end up benefiting patient, but aggressive investors with long-term time horizons.

I continue to add to my ZNGA position on any weakness in the stock's present sub-$5 range. I don't expect the shares to stay this low for long.

That said, stagnation or further downside on earnings -- particularly, if there's even a hint of anything bears or short-term traders can spin as negative -- would not surprise me. In that case, I plan to wait for the dust to settle and continue to accumulate ZNGA as a new bottom and trading range forms.

Follow @RoccoPendola

At the time of publication, the author was long FB, P and ZNGA.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.