Partygaming stock went up yesterday 4.26%
 

So am I correct in assuming that the market doesnt think the gambling bill will hurt the industry?

Post deleted by Mat Sklansky
 

Re: Partygaming stock went up yesterday 4.26%
 

not sure i just checked stock price. How would i look and see if earning report came in?

Post deleted by Mat Sklansky
 

Re: Partygaming stock went up yesterday 4.26%
 

[ QUOTE ]
Wow I just thought of a big reason why the stock could be seeing a temporary rise...tons and tons of people are selling it short, expecting a big drop to come. I beleive lots of short selling activity can cause a stock to temporarily rise, correct?

[/ QUOTE ]

I am definitely no expert about this stuff however could the short selling just be investors trying to hedge their positions in partygamming since there is some unvertainity concerning its future?

Re: Partygaming stock went up yesterday 4.26%
 

Degen,

It is the covering of the short position (when you want to close it out) which causes the stock to rise. I doubt people would be covering their shorts with the recent news.

There must have been some good news or a good earnings report. Bizarre.

Re: Partygaming stock went up yesterday 4.26%
 

Upgraded by analyst

http://www.sharecast.com/cgi-bin/sha...tory_id=750967

Re: Partygaming stock went up yesterday 4.26%
 

With the bill passing in the house would it be a good idea to dump it all?

Re: Partygaming stock went up yesterday 4.26%
 

[ QUOTE ]
Wow I just thought of a big reason why the stock could be seeing a temporary rise...tons and tons of people are selling it short, expecting a big drop to come. I beleive lots of short selling activity can cause a stock to temporarily rise, correct?

[/ QUOTE ]

Oh. My. God.

Re: Partygaming stock went up yesterday 4.26%
 

Shouldn't you wait to see if Senate decides to vote on it this year?