party poker

[MINETZ]

I own the pink sheet party poker stock (3500 shares), I bought it at 1.17, it has shot up to 2.05, what goals should I have for this stock and when should I get out?
thanks or any advice,
Noah

[Bosox]

i bought at 1.44 and it's now 2.32 and i'm getting the hell out. a large portion of their profits came from blackjack and i think that despite an initial spike, the game won't produce similar return or growth in the future, something wall streeters (or londoners) don't much understand.

[Sniper]

You vastly underestimate Party's competitive position!

[buffett]

[ QUOTE ]
You vastly underestimate Party's competitive position!

[/ QUOTE ]
Please elaborate.

(For me personally, I'd love for you to do a full Porter's Five Forces analysis on it, but really just any old elaboration will do. One-liners like this just leave a bit of a "Yahoo message board" taste in my mouth, and I know we're better than that on 2+2. /images/graemlins/smile.gif)

[Sniper]

Buf,

Party is the market leader and I see no other site with the capability at this time to challenge it. Further integration of its casino product will only help further monetize its large player base!

They are making all the right strategic moves, although sometimes the execution isn't perfect.

[BradleyT]

Well it will be interesting to see if their blackjack blitz hurts the site long-term. The way they're promoting it (BJ) so heavily is certainly going to break many fish very quickly.

[Bosox]

that's been my prediction all along.

[hedgeyerbets]

If it wasn't such a pain for me to trade stocks (compliance... damned compliance) I'd be $ neutral long party short empire.

[Bosox]

I'm quite new to trading and still educating myself. I wanted to buy some options on partygaming a while back and will in the future but there seems to be no market. When do stocks get options markets attached to them? is it just a general volume thing?

[Sniper]

[ QUOTE ]
Well it will be interesting to see if their blackjack blitz hurts the site long-term. The way they're promoting it (BJ) so heavily is certainly going to break many fish very quickly.

[/ QUOTE ]

If this were true, there would be no casinos /images/graemlins/wink.gif

...and I thought poker sites with casinos are generally regarded as the fishiest!

Party raked almost a billion dollars this year from poker players... I think their casino has a long way to catch up /images/graemlins/smile.gif