Partygaming stock went up yesterday 4.26%

Kyle · #1 07-12-2006, 12:53 PM

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

#2 07-12-2006, 01:22 PM

Kyle · #3 07-12-2006, 01:41 PM

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

#4 07-12-2006, 05:53 PM

Kyle · #5 07-12-2006, 07:15 PM

[ 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?

ClockWyze · #6 07-12-2006, 07:59 PM

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.

1011101 · #7 07-12-2006, 10:35 PM

Upgraded by analyst

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

critikal · #8 07-13-2006, 12:05 AM

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

Jim T · #9 07-13-2006, 01:55 PM

[ 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.

Girchuck · #10 07-13-2006, 03:06 PM

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