Sat, Aug 30, 2014, 7:44 AM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

SHFL entertainment, Inc. Message Board

  • kbloisab kbloisab Sep 24, 2005 2:39 AM Flag


    We made fair profits this week --$1.54 a share on our short position.The big funds are getting very nervous-- this week we had a 1.2 million volume day, from the big boys buying in again to stop a price melt down.
    Sooner or later there will be a day when the price drops 25% to 30%-- when all the big funds unload at the same time, and no fund will be willing to put up the $50M to a $100M to buy shares to stop the rot.
    For folks that watch these things[like us]you will note it is taking much more capital to buy shares to support the price.At one time a 1.2 million share day would move the price up a couple of dollars, now this volume hardy impacts the price.Thus a 6.5 million shre day will be needed[matching the recent recod volume] to move the price up overtwo dollars. Of course this would collectively cost the big funds about $350 million, and they just don't have the balls to spend that much to support the price which is over valued by at least a factor of two.
    Good shorting weeks are ahead-it is'nt too late to jump in and short.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
23.190.00(0.00%)Nov 22 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.