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View Full Version : How do I buy party stock?


ZeeJustin
10-09-2005, 05:45 PM
I've only traded on Etrade before. If i want to buy the party stock on the LSE, what would I need to do?
-thanks
-ZJ

hedgeyerbets
10-09-2005, 06:39 PM
I know this isn't what you were looking for, but I truly do not think that party is a good company to own. As time goes forward, the percentage of players on party who are good players will rise monotonically. Why? B/c winning players are MUCH more likely to stick around than are losing players. So as new players are lured in to make an initial deposit, it will become more and more likely as time goes on that they will lose their money and quit. Sure, there will be a certain percentage of gambling addicts who will continue to play all the way to their own bankruptcy, but I really don't believe that this is a large number of people. And so the number of people who play beyond their initial deposit will shrink. Additionally, since there will be fewer fish, people who are now able to beat the rake but not by a huge margin will start to lose money as the fish stop coming. With this in mind, I just don't see how there is any way that party can expect to grow, or even prevent itself from shrinking in the long run. I would happily short this stock if I didn't have 30k in college loans /images/graemlins/wink.gif It strikes me as blatantly overpriced with regard to its long term prospects.

Sniper
10-09-2005, 07:01 PM
Hi ZeeJ,

You can call eTrade and find out if they will place an order for foreign stocks that way. eTrade UK handles London stocks, so you have a shot!

WillMagic
10-09-2005, 11:18 PM
"As time goes forward, the percentage of players on party who are good players will rise monotonically."

ahahahhahahahhaha wow.

speechless.

Zee, fwiw I would pm Paluka.

Will

Paluka
10-09-2005, 11:20 PM
[ QUOTE ]
"As time goes forward, the percentage of players on party who are good players will rise monotonically."

ahahahhahahahhaha wow.

speechless.

Zee, fwiw I would pm Paluka.

Will

[/ QUOTE ]

I assure you I have no idea how to buy party stock. I don't even have a personal investment account.

hedgeyerbets
10-09-2005, 11:25 PM
You don't think this is true? The weaker players will keep feeding in at the bottom, but they will be less likely to stick around. As a result, the avg player skill level will increase.

lastsamurai
10-10-2005, 12:09 AM
I would stay away from regulated companies...

r3vbr
10-10-2005, 01:35 AM
[ QUOTE ]
I would stay away from regulated companies...

[/ QUOTE ]

Worse than being a regulated company is being unregulated with future possibility of being regulated on unkown terms.

Online poker is a real grey zone in the legal sense, and that makes them inherently risky. Besides other operational risks such as less players etc.

I'd only buy this if price were really depressed wich is not the case here. /images/graemlins/smile.gif

beeyjay
10-10-2005, 04:12 AM
The fact that everybody from these forums and every other incredibly high volume player that has been playing on the skins is going back to party within the next week means that in the next quarter party's revenues have to explode higher.

goodguy_1
10-10-2005, 04:25 AM
I think Party's latest moves are great for the company and the stock may rally but from what levels is the key..this stock could go down another 20 bucks before it rallies.

The slowdown in growth is countered by their great new moves that take control of their Network...problem is investors need growth and Party still has a very high market capitalization. Dont know the current market cap. cause I dont know the float but those details are in the ipo prospectus.

Really to do a thorough analysis of Party for a longer term investment you need to know all the metrics.

If you want to do a trade that's another thing.

I also like the news but be wary -this is a battleground stock that is highly volatile ..it will cost most traders money to get involved.

I made a decent living trading for ten years.

The easy trade this morning was getting short Empire Online EOL.L stock only opening down a few points now it's down 23 and it will go much lower unless they get bought out or merge with someone and fast.

The best trade shortterm is/was getting short Empire.
The idea to get long Party is more of a crapshoot-less pragmatic. I think Empire should be cut in half by these developments.

To buy a LSE stock you need a broker who has ties to a broker in London ..all big investment banks can do it for you. I use CreditSuisseFirstBoston.
good luck

JTrout
10-10-2005, 02:35 PM
I haven't followed this stock at all. Just today for first time saw the price and such.

The thing that stood out to me was: EPS 0.00!

Someone please explain. I gotta believe someone is pocketing a lot of $$.

sportstrader
10-10-2005, 03:28 PM
[ QUOTE ]
I've only traded on Etrade before. If i want to buy the party stock on the LSE, what would I need to do?
-thanks
-ZJ

[/ QUOTE ]

AFAIK, the only online brokerage that allows US investors to trade LSE stocks is http://www.interactivebrokers.com

I've had an account with them for 4 months and I'd recommend them

Wintermute
10-10-2005, 04:54 PM
ZeeJustin,

I'm also seeking to figure out how to invest in Party. I trade w/ Ameritrade, so my results may be slightly different, but in a phone call today, I learned that Party is traded through the "pink sheets" on Ameritrade. The symbol is PYGMF (vs. PRTY.L on the London exchange, I believe). The upshot of trading on these pink sheets is apparently that you must trade using limit orders, and the share price is updated at the end of the trading day only. I have to admit, I have virtually no understanding of this pink sheets business, so my knowledge is limited only to what I learned through this phone call.

Actually, I came here to post about this and see if anyone can fill me in on the details of this pink sheet trading, and whether it's a good/bad idea to invest in Party through this avenue rather than through another firm that trades in London directly.

TimM
10-10-2005, 05:20 PM
[ QUOTE ]
AFAIK, the only online brokerage that allows US investors to trade LSE stocks is http://www.interactivebrokers.com

I've had an account with them for 4 months and I'd recommend them

[/ QUOTE ]

I had an Interactive Brokers account for about a year (I took all my money out when I got into poker). I can second this recommendation, but I am not sure they are the only one. Anyway, comissions are very low, but support is lacking a bit, as you might expect.

http://www.elitetrader.com/br/?action=view&R_FirmID=43

OrianasDaad
10-11-2005, 08:22 AM
[ QUOTE ]
I know this isn't what you were looking for, but I truly do not think that party is a good company to own. As time goes forward, the percentage of players on party who are good players will rise monotonically. Why? B/c winning players are MUCH more likely to stick around than are losing players. So as new players are lured in to make an initial deposit, it will become more and more likely as time goes on that they will lose their money and quit. Sure, there will be a certain percentage of gambling addicts who will continue to play all the way to their own bankruptcy, but I really don't believe that this is a large number of people. And so the number of people who play beyond their initial deposit will shrink. Additionally, since there will be fewer fish, people who are now able to beat the rake but not by a huge margin will start to lose money as the fish stop coming.

[/ QUOTE ]

Funny. I guess Vegas is next.

hedgeyerbets
10-11-2005, 08:29 AM
Yes, vegas and online poker are soooo similiar. Why do you think vegas is loaded with strip clubs and amusement parks and extravagent shows? Not to mention the fact that it's a heck of a lot easier to go to an atm to get grab more cash on your visit to the casino than it is to transfer money from your bank account/internet payment account to an online poker site. Party poker's attrition rate is rising, look at their releases. They try to spin it away as jsut a result of them getting more players, but I don't buy it. That said, I wouldn't doubt that the stock may rebound a bit on the next set of earnings.

lu_hawk
10-11-2005, 09:28 AM
You will need to call them because foreign trades can't be done online but they should be able to buy stock for you.

cball86
10-13-2005, 01:20 AM
i was attempting to make an account with interactive brokers but it said that i needed 100 past trades to open an account. i am no where near that. i wanted to make a small investment in party but i dont think lying to get an account would be a good decision because im not very experianced. any ideas?

zipo
10-14-2005, 01:54 PM
I'll rec interactive brokers as well.

Great commission structure and direct access trading platform, great range of markets (international, futures, etc).

Downside is some people find their trading program too complicated, and you will get absolutely no hand-holding.

zipo
10-14-2005, 01:57 PM
Here's the thing. Brokerages need to know your experience level to protect themselves if disputes go to arbitration - won't let you open, say, a futures trading account with no experience because they could possibly be held liable if you suffered disastrous losses.

You should be able to find discount brokerages that will let you trade with minimal experience, but they probably won't allow you to trade options, use margin, etc.