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#1
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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?
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#2
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Post deleted by Mat Sklansky
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#3
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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?
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#4
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Post deleted by Mat Sklansky
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#5
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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? |
#6
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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. |
#7
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Re: Partygaming stock went up yesterday 4.26%
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#8
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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. |
#9
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Re: Partygaming stock went up yesterday 4.26%
[ QUOTE ]
I beleive lots of short selling activity can cause a stock to temporarily rise, correct? [/ QUOTE ] No, it will cause a stock to fall. It's the same thing as the regular selling of a stock, except that you don't own it yet. You buy it back at a later date, so you pocket (or pay) the difference. |
#10
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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?
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