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#1
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Shorting Party Gaming right now +EV?
Party has been one of the worst stocks I have ever seen, as its dropped from 175 to 90 in just about a year. I have only played the mutual fund game, which is a much easier one to be a winner at, but alas I'm not very knowledgable in equities.
Would it be worth my while to options trade on Party, since I can easily see it hitting 80 by the end of the year, now that the internet gambling bill has passed. Anybody knowledgable, Naj? DesertCat? Help me out on this one? |
#2
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Re: Shorting Party Gaming right now +EV?
I don't know jack about this sort of thing, but this sounds like a good idea to me, and I would expect it to fall much more than 11%, since Americans are such a huge part of their business.
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#3
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Re: Shorting Party Gaming right now +EV?
The full impact of the legislation is still a bit unclear... but, uncertainty is not good for stock price...
You will need an account that allows you to trade London stocks though. |
#4
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Re: Shorting Party Gaming right now +EV?
What is their ticker on the London stock Exchange?
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#5
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Re: Shorting Party Gaming right now +EV?
Some Poker/Gambling related symbols on the London exchange...
PRTY - PartyGaming EOL - Empire Online NLR - Neteller SBT - Sportingbet 888 - 888 Holdings WMH - William Hill BSS - BetOnSports |
#6
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Re: Shorting Party Gaming right now +EV?
I was also thinking about buying some put options. I just read there interim report
http://www.partygaming.com/images/do...lts_070906.pdf page 2-6 the are hyping up there increase of new non-us markets and really making that the focal point of 2006. On page 20 you can see that US provides prty 77% of there revenue this year even after all of the good things they tell you about non-US markets. During all of this since Jan. of 2006 the stock has dropped from 135 to 105 and has actually increased since June. This also could be a good opportunity for a straddle. |
#7
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Re: Shorting Party Gaming right now +EV?
perhaps you can buy a few thousand verry cheap on Monday. I buy them for XX pence!!!!!!!
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#8
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Re: Shorting Party Gaming right now +EV?
http://investing.reuters.co.uk/stock...rty.l&fs=1
FUCKKKKKKKKKKKK I WOULD HAVE BEEN RICHHHHHHHHH, ONE DAY TOO LATEEEEEEE |
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