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  #11  
Old 10-10-2005, 02:35 PM
JTrout JTrout is offline
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Posts: 471
Default Re: How do I buy party stock?

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 $$.
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  #12  
Old 10-10-2005, 03:28 PM
sportstrader sportstrader is offline
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Default Re: How do I buy party stock?

[ 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
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  #13  
Old 10-10-2005, 04:54 PM
Wintermute Wintermute is offline
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Default Re: How do I buy party stock?

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.
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  #14  
Old 10-10-2005, 05:20 PM
TimM TimM is offline
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Join Date: Jan 2004
Location: New York
Posts: 147
Default Re: How do I buy party stock?

[ 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/?actio...mp;R_FirmID=43
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  #15  
Old 10-11-2005, 08:22 AM
OrianasDaad OrianasDaad is offline
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Posts: 476
Default Re: Wouldn\'t do it

[ 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.
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  #16  
Old 10-11-2005, 08:29 AM
hedgeyerbets hedgeyerbets is offline
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Join Date: May 2005
Location: Stamford CT
Posts: 33
Default Re: Wouldn\'t do it

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.
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  #17  
Old 10-11-2005, 09:28 AM
lu_hawk lu_hawk is offline
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Posts: 6
Default Re: How do I buy party stock?

You will need to call them because foreign trades can't be done online but they should be able to buy stock for you.
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  #18  
Old 10-13-2005, 01:20 AM
cball86 cball86 is offline
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Posts: 39
Default Re: How do I buy party stock?

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?
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  #19  
Old 10-14-2005, 01:54 PM
zipo zipo is offline
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Default Re: How do I buy party stock?

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.
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  #20  
Old 10-14-2005, 01:57 PM
zipo zipo is offline
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Default Re: How do I buy party stock?

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.
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