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Dover Downs Gaming & Entertainment Inc. Message Board

  • a2222_roller a2222_roller Aug 30, 2006 12:48 PM Flag

    WHAT IS GOING ON?? WHY THE DROP??

    Anyone have any idea why DDE got clobbered today?

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    • Looks like Hedge fund liquidation to meet redemption needs. Historically the stock will go still down and meet more liquidation from margin holders. Eventually volume will drop to 10% to 25% of today�s volume and the stock will make a base.

      At the lower end of the base this company maybe bought out.

      The other reason also there is going to be big competition from new Casino�s in Pennsylvania and Maryland. About 45 miles from Dover there is Wilmington River front project. After this election there could be another big casino with more than slots, table games there.

      It is always wise to play the game with stop loss order rules.

      http://www.thepitmaster.com/tricks/stoploss.htm

      Good luck!

      Lim Tung

    • Upside newsletter removed it from its buy list and recommended it be sold

      • 1 Reply to dpatten
      • Looks like Hedge fund liquidation to meet redemption needs. Historically the stock will go still down and meet more liquidation from margin holders. Eventually volume will drop to 10% to 25% of today�s volume and the stock will make a base.

        At the lower end of the base this company maybe bought out.

        The other reason also there is going to be big competition from new Casino�s in Pennsylvania and Maryland. About 45 miles from Dover there is Wilmington River front project. After this election there could be another big casino with more than slots, table games there.

        It is always wise to play the game with stop loss order rules. Please Google search.

        �Stop Loss Tips & Tricks�

        Good luck!

        Lim Tung

 
DDE
0.94+0.03(+3.10%)Jul 2 4:02 PMEDT