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Author Topic: Gaming stocks  (Read 4458 times)
Pokerron
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« on: October 21, 2005, 02:26:59 PM »
Decent rises for both Party and Sportingbet today, anyone know why?
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« Reply #1 on: October 21, 2005, 02:28:50 PM »
doubtful you'll find anyone on here that would know Grin Roll Eyes Grin Roll Eyes Grin Roll Eyes Tongue

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« Reply #2 on: October 21, 2005, 02:34:34 PM »
Party reported their Q3 results today, the market received them well. Sporting Bet would have moved up iin sympathy with the sector.

I believe Party's results were reported on our Forum earlier this morning.

My advice as to Party's shares remains as before. Avoid.
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TightEnd
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« Reply #3 on: October 21, 2005, 02:40:44 PM »
i can't give advice.

and I have no idea what you are talking about Ifm  Cheesy
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TonyG
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« Reply #4 on: October 21, 2005, 03:15:53 PM »
Results were bad but outlook forward is great. I had a guy ring me
  yesterday and ask if he should sell before they announce. I am glad
  I said to hold until today as they are surging today. I think that partypoker will have a decent run this quarter but no guarantees, big help is the Black Jack that they added it is adding a lot of extra revenue. Even bigger is the fact that they are resigning the palyers from Empirepoker & Eurobet and the cost per sign up is cheaper right now as they already know about partypoker.
 
« Last Edit: October 21, 2005, 03:19:05 PM by TonyG » Logged
tikay
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« Reply #5 on: October 21, 2005, 03:17:12 PM »

There speaks a shareholder methinks......
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« Reply #6 on: October 21, 2005, 03:19:04 PM »
i'm with tikay. avoid. maybe dip in and out but not long term.
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« Reply #7 on: October 21, 2005, 03:20:49 PM »
Citibank just put a target of 223p so it has a long way to go I am confident it will break 100p very soon. This is not trading advice please note.
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« Reply #8 on: October 21, 2005, 03:25:11 PM »
 Lips Sealed

unfortunately

A small question, how many of you on Party have a side bet at 8-1 on the flop being all red or all black? if not would you consider it? what odds would you require?

I sort of know what revenue Party is expecting from this source. I'd like to cross reference my thoughts.

p.s The day any stock reaches a price target from a "sell side" broker that is double the current share price is the day I will attend a poker tournament in drag.
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« Reply #9 on: October 21, 2005, 03:26:42 PM »
Quote from: ACE2MOUTH on October 21, 2005, 03:19:04 PM
maybe dip in and out but not long term.

That is what i have done, after they shed coral/empire it made sense to me that the company value would rise, at least in the short term.
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« Reply #10 on: October 21, 2005, 03:30:39 PM »
I would not be averse to buying Party on weakness, but sell on strength would be the order of the day. as a long-term investment, whilst I cannot give advice, plague & avoid are the words that spring to mind.

Shares? Been there, done it, made plenty, lost plenty. Shares can go up as well as down.......
« Last Edit: October 21, 2005, 03:34:11 PM by tikay » Logged
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« Reply #11 on: October 21, 2005, 03:32:52 PM »
Quote
My advice as to Party's shares remains as before. Avoid.

Hmmm... Too late...  Angry Angry Angry
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TightEnd
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« Reply #12 on: October 21, 2005, 03:34:10 PM »
You didn't listen to us then!!!
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« Reply #13 on: October 21, 2005, 03:35:50 PM »
It's NOT too late.

The first loss is the cheapest. If you think it's a bad 'un, take your punishment, accept your loss, & get out. This applies to ANY share.
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« Reply #14 on: October 21, 2005, 03:38:47 PM »
Opportunity cost = is there a better place for your money? If there is, then the relevance of past decisions is ZERO.

Each and every decsion is a discrete event, and our task is to assess accurately the competing merits of alternative uses of our capital, for whatever motivation floats our boat given our incomings and obligations.


Lecture over
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