HEDGE FUNDS NOW GONE LONG

Harrycat, IMO i think sentiment for the gaming stock is growing back.

If SBT does receive a bid from BWin I dont think they will be the only one interested and I dont think the sp will stay around 60p either. The sp already tested 60.5p (high of the day) on last Friday.

What do you reckon about those big buys on last Friday?

Are long on SBT?

harrycat.. CEO OF QXL said their firm was overpriced at 700p when they bid for company..went to 20,000p...most ceo's are twats

Am I missing something here then?
McIver reckons the stock is worth 60p.
The analysts reckon 60-65p is a fair valuation,
Why would the sp go above this now, as it seems that the BWIN deal is approaching completion.
Sure, there's going to be some pre-sale hype, but NO OTHER company is currently interested in making a counter bid. Why do you think others are interested? I may be wrong, but it is pure fantasy to think otherwise at the mo.

Maybe McIver is stating the opposite, no business minded person would reveal the true cost in they want. IMO the statement he made does not indicate that is happy with the 90p bid at all, let alone the current sp of SBT. I dont believe in analysts either.