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American Wagering Inc. Message Board

  • prokuuko prokuuko Feb 15, 2007 12:37 PM Flag

    Ugly price performance

    The last couple of days have flipped the $1.05 level to be resistance instead of support. That is not good news at all as far as the stock price goes. The only "good" thing is that the volume is even lower than usual.

    The stock looks like it has nothing going for it now and looks like it is going to see last August's dip under $1 again. Unless something good comes in news, it may well drop even lower. It has a lot of struggle to move upward.

    Now, it someone were to come along and figure there is something here to buy the company on the cheap...

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    • Nev had cash in his pocket that is burning up..but before he commits to buying more, he has to hear what is happening with the suit and business in general..so within two weeks we should get a good idea were we are going and were we stand...I am forceing my self to sit low for a couple of weeks...and it is hard for me with my big ego....Thursday night I was at the Silverton and played horses and I lost....quite a few people were there betting sports also and one on the ticket sellers was on loan from the Tropicana Hotel were they just put in a Kiosk and have live ticket Sports sellers...no horses. there...he says that the tropicana is doing well. So if you are there or the Riviera or the Silverton stop to say hello to the ticket sellers..also Vegasvalue1 goes to our Leroy's at Mosquite near the Utah and Arizona border...They get a lot of action there with the sports.

    • More like how would a day trader make money when a buy runs the price up a dime and a sell runs it down even more?

      I agree that the insiders hold a lot of stock, but they aren't going to be fooling around anyhow. It is the few traders (not day traders) that keep the market for the stock moving, and it looks like they pretty much have all the stock they want to hold short term.

    • can't judge this stock like "normal" stock--not liquid, few people control whole thing and they are not selling--or volume would be much higher.

      • 1 Reply to youcrazydog89123
      • There is 63% of the stock of AWI held by the insiders......What we could do is offer a 20% stock dividen as a plus for the stock holders outside of the insiders were they would be liquidity for stock trading...This would bring in 1,600,000 shares to the market...The insiders would get a piece of it and the outsiders would get a piece of the pie instead of giving it out as stock options right now...This would not mean that the price of the stock would go down..actually help it because we can support it a little better..The company is worth right now at least $4.00 a share with the good-will and its assits. CBS alone is worth over $4M..Kiosks, contracts, liscences..The insiders hold over 5.15M shares..and the out standing shares around a little over 8.2M..check things out for your self..

 

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