Bring on the good times!
You are currently browsing the daily archive for 18 April, 2006.
Made it up to Sheffield to the famous crucible to watch the snooker this weekend. The seats were unbelievable and as you can imagine being seated in the front row we were on TV regularly! We weren’t allowed camera’s inside but I managed to get my mobile out for a sneaky shot. Unfortunately the Monks ugly mug got in the way but you can just make out the snooker table and TV cameras.
A quick update for you on Party Gaming. The share opened today at 156 pence. It went up by 5 pence without a single trade going through on the back of extremely strong 1st quarter results. Party Gaming have increased their revenue by 54% this quarter - and with that my gamble paid off!!!
OK, all well and good, I had a few meetings in the morning so wasn’t too worried but was hoping to return to see punters buying the share and pushing the price above 160. That didn’t happen, instead the price went down to 153 before I sold out, took my profit and went and hid before it dropped down to 145, which was still above the level I bought. It rallied back to 149 before close of play today leaving me with the ideal opportunity to get back in tomorrow. Hopefully tomorrow it will go up towards the 160 level!
Any other share in any other market in the world would have gone through the roof! No Ftse 100 company could even begin to post these kind of returns and yet everyone is running scared. Actually, its called profit taking and a lot of that took place today by the big institutions. Along with the market makers, they try and manipulate the share down by selling and so realise their profits instantly and then buy back low and bring the share price up. Bastards, but without them there would be little fluctuation and therefore little room in which to make mula!
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