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SPORTINGBET (SBT)     

moneyplus - 23 Dec 2003 18:51

Anyone holding these? Evil K drove the price right down and now they seem to be recovering---are they worth considering now they seem to have sorted out their finances?

lanayel - 11 Sep 2006 08:24 - 120 of 465

SBT has resumed trading - currently around the 140p mark.

cynic - 11 Sep 2006 08:27 - 121 of 465

JB - with sp falling near enough 100 at opening, i guess all you can do is hang on and keep your fingers crossed at least for the minute ..... there is a reasonable chance that the markdown has been overdone, as much as anything else to deter sellers while MMs try to work out what next

janetbennison - 11 Sep 2006 08:32 - 122 of 465

peter i am going to hang on to my partygaming.

cynic - 11 Sep 2006 08:41 - 123 of 465

interestingly, PRTY seem to have scarcely moved unless they have done so in the last few minutes .... However, if you are close enough to break even or better, my own view is that it would be prudent to at least trim your holding for continuing bad reaction to SBT's plight is likely to cause an indicriminate backwash in the rest of the sector.

janetbennison - 11 Sep 2006 09:05 - 124 of 465

cynic I amm holding 80,000 prty at present my average price is 1.166p so I will see how today goes and like you say. I may trim down. I have strong feeling that sbt with recover slowly throughout the day. If peter sells his he will be doing the same as I did with goolast monday morning and that cost me dearly. at the end of the day. At the end of the day. We all make wrong decisions sometimes when we panic. we will all have to wait and see. cup of tea time for me now.

Peter123 - 11 Sep 2006 09:48 - 125 of 465

Janet,

I am holding 20000 shares, i have not sold mine yet, i will wait and see.

hlyeo98 - 11 Sep 2006 10:36 - 126 of 465

Peter Dicks will have to be stupid enough to visit US when all this crackdown in US is going on...what a nerd!

janetbennison - 11 Sep 2006 10:50 - 127 of 465

peter dicks made a very silly move travelling to us. Peter 123 I personally hang in there. Watch closely though. Peter Dicks back in court on thursday. I will keep in touch with you on this one.

hlyeo98 - 11 Sep 2006 11:58 - 128 of 465

Peter Dicks certainly lives up to his name....Dickhead

PW Carnell - 11 Sep 2006 12:30 - 129 of 465

Other executives from sbt travelled to the states without incident in July -the dickheads are the yank lawmakers.Watching like a hawk but maybe therell be a better opportunity after Fridays option expiry ,ridiculously cheap at these levels b market sentiment is poor at the moment.Sept and Oct not that brilliant-job data and inflation numbers out before the weekend, anticipating some even better bargains next week but wtfdik.

maestro - 12 Sep 2006 17:47 - 130 of 465

looks l;ike the yanks are buying after their little sting..must be great to have inside info

HARRYCAT - 12 Sep 2006 18:28 - 131 of 465

I think this is a short term bounce.
If a similar scenario is followed as that of BetonSports, not only will the shareholders get nervous, but the european gamblers on the SBT website may also change allegiance and withdraw their money (I don't think the asian market will take much notice). This will affect SBT profitability (notwithstanding a good 2006 World Cup). I cannot see an upside unless consolidation is a possibility.
I have got to agree that staying out of the U.S.A. would have been a sensible thing to do for the Directors of any internet gaming company, even though Dicks was just going on holiday, link below:
http://www.theonlinewire.com/articleView.aspx?ID=1497
However, the media seem to besupporting SBT to some degree, link below:
http://www.theonlinewire.com/articleView.aspx?ID=1147
Not for the nervous investor, this one!

maestro - 12 Sep 2006 20:27 - 132 of 465

i disagree...its not a federal law that Dicks has been charged with and he hasn't been to Louisiana for 20 years so what is the fuss about...

HARRYCAT - 12 Sep 2006 20:45 - 133 of 465

Which bit don't you agree with?
I hold SBT shares and have actively traded them since late 2004, but they are very susceptible to the merest whiff of bad news within the industry.

HARRYCAT - 14 Sep 2006 15:52 - 134 of 465

Now lets hope the rest of SBT's employees have the sense to stay out of the U.S.!

hlyeo98 - 14 Sep 2006 17:40 - 135 of 465

Great! We have got rid of Dickhead!

cynic - 14 Sep 2006 17:49 - 136 of 465

but not the problem ..... glad to see a significant bounce, especially for JB ..... not sure how far or for how long this recovery will last, so maybe best to run a trailing stop.

HARRYCAT - 14 Sep 2006 17:57 - 137 of 465

You are correct. Keep locking in profit.
Very volatile. Either set a trailing stop or set a realistic %age & take.

janetbennison - 15 Sep 2006 08:53 - 138 of 465

yesterday i noticed sbt started to move fast. I have never bought any of these share before. I still hold my 80,000 prty. I bought 10,000 sbt shortly before close at 1.79p. just after i bought them they dropped back .10p per share. to 1.69. Then this morning I sold them at 1.985 p so 2000 prof less expences. I may get back in again. Good luck to all who hold these share. especially peter 123, do you still have your 20,000 share holding? Cynic I agree with your comment about not being sure how long the recovery process will last, as there is still the court case still looming in the background. What does trailing stop mean cynic. good news to hear dicks has resigned. This is very good news.

cynic - 15 Sep 2006 09:07 - 139 of 465

trailing stop means that you set a stop price at whatever level you like .... let's say 35p below your purchase price of 150p ...... as sp moves up, move your stop accordingly ..... thus if sp is now 175p then your stop should have been moved from 115p to 140p.

Not sure how you deal, but you may be able to get this done automatically or you may have to do it yourself manually.
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