Re: Share price movement
Generally speaking, stock prices go up when more people are buying than selling on a particular day, and vice versa. Party Gaming is technically a "penny stock" by US market standards, so you're going to have some investors with HUGE blocks of shares (tens and hundreds of thousands) who are looking for short-term profits and moving large blocks of the stock, perhaps saying "take the 30% and run."
Moreover, if you're concerned about the issue having dropped a bit after only having been on the market for a week, your perspective might be off. Why did you buy the issue? Short-term profit in a penny stock that is going to be eaten alive by short-term capital gains taxes or to invest in the issue and stick by it through a business cycle, which will generally last from 18-36 months? A stock's movement, especially one priced under $3 as Party Gaming is, over 7 days (not EVEN) is generally no indication of it's long-term performance. Case in point, (though a simple one), nobody wanted anything to do with GM a month ago when the investing world deemed it's issues "junk." Now, they posted their best month ever, and many people are wishing they'd bought the issue when it was down [img]/images/graemlins/smile.gif[/img]
I hope this helps some...perhaps not. Stocks go up, stocks go down. Anyone who tells you otherwise is selling you something that you don't want to own...
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