Entertainment Gaming Asia Inc. Message Board
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time to short vnx again?
what do you think, pj?
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Why would anyone want to short VNX? If you guys bothered to pull up a chart and plug in some simple parameters (such as 50day Ma, RSI, etc), you would have discovered that VNX makes a far better long than a short at this point in time. Stop wasting time with fundamental b.s. and go with the flow (trend, that is).
- 1 Reply to nick13077
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the trend can be over in a heart beat. it can go to 2.00 in a 1/2 hr. the volumn can try up in a heart beat and you cant get out of it. look at the time and sales on it for the last fwew weeks, very scary.
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3k at 2.41
- 1 Reply to pjv2xyw9dww4b5
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success
short 73k
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To sum it up, if I weren't already short 69k shares (which may be the case if I'm just writing fables for the board), I'd be going to town with this one--if Schwab could find any shares.
- 1 Reply to pjv2xyw9dww4b5
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Will you share your avg share price of your 69K shares?
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Consider this: VNX has a current market capitalization of about 3 times its total 06/30/06 assets of $16,355,778. That means that if all creditors developed amnesia, VNX would still be trading for thrice book value. Unfortunately, loss from operations--BEFORE interest expense--for the 3 months ending 06/30/06 was $(1,920,041), so the company would still be losing money.
New products to be "unveiled" (I like the word, too) at G2E must be really, really, really good to justify the current price.
I'm short 69k because of a poorly timed 1k short sale at $2.29 recently--if anyone out there really believes all the stuff I post about being short this many, short that many, whatever... I could be a bored old guy in a rocking chair making all this up. All comments about coffee-drinking are true, though--honest!- 1 Reply to pjv2xyw9dww4b5
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pj, the thing i dont understand is why short such a cheep stock..
unless you expect it to go to 0.00 for tax purposes. Is that your plan?
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I guess I'll put up 2k at 2.36.
- 1 Reply to pjv2xyw9dww4b5
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Schwab canceled it. Maybe your broker can find some if you decide to try.
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