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?

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

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.

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.

Hi Janet,

When the news came out about Peter Dick, I went in and bought 10,000 at around 1.63 and sold at 1.95. I still got 20,000 shares in SBT. Thanks for the advice not to sell.

peter123 i have just bought back in at 1.78 and 1.8847 this morning there seems to be a lot of people now buying around the 1.75 level. wish i had not bought the ones at 1.8847, but this is the way it goes. may pay you to buyback in around the 1.75 level. see what you think. good luck.

i see the price is all over the shop ..... read the article in Shares mag on this company ...... they look to have long term problems as so much income comes from USA ...... that is why I suggested a couple of days back that the bounce was possibly or probably unsustainable ...... why on earth did you buy!!

The PDF on the link below is worth a read on the gaming sector.


http://www.saturninnovation.co.uk/clients/dsc/CMS/nmanagerpro/attachments/onlinebetting_morning_flash_150906.pdf


..........it should be noted that Sportingbet's shares rose 25% yesterday to 192p, implying an 83p/share value on World Gaming under the previous publicly announced possible bid conditions.................

Hi there its not so bad.......

http://www.gambling-law-us.com/Federal-Laws/wire-act.htm

the shares i have boughtthis morning average out at 1.8445p so i will have to wait and see. I am now going to have at look at the above websites mentioned by trader 007 and and papalpower. I shall get back to you later on this one

the reason for sbt and prty falling again is some one has just been arrested again to do wit the company d.win i think this may have happened either in france or germany. if you find anymore info out let hear about it. things were looking a lot better this morning, but i am now beginning to think we are back to the worse position again.

Just seen this:
"The main blue chip casualty, however, was PartyGaming -- down 5 pence at 105-1/4.

Several online gambling issues came under pressure after Austria's BWin shares were suspended as the German state of Bavaria followed Saxony's example in ruling against the placing of sporting bets.

On the second line, 888 Holdings and Sportingbet both declined following the news, losing 7 pence at 143 and 18 pence at 174, respectively."

This sector is becoming very volatile.

This is becoming a f****** joke.

why on earth are you all surprised at this sector's volatility?

Well I'd know, there is risk attached to gaming sector but not bad news on a weekly basis.

Weekly basis!
The Americans have got 50 more warrants to serve, so there are 50 more sharp dips in the sp to start with.
Now that the Europeans are starting to outlaw gambling as well, the incidence of bad news is going to increase even further.
I repeat, play the bounces, but only hold a short position.

if i was you peter i would just sit tight at the moment. A lot of people who have spare money will be topping now at a much lower price. there are a lot of people out there who making a lot of money out of this situation. I am not buying any more at the moment. I have 80,000 prty and 20,000 sbt. If i was to be silly and sell now i would make terrific losses. It is depressing to watch the quick movements of price on the screen. You have not actually taken your loss on paper until you sell. I am facing the facts now that i am in it, so i am now going to sit it out. a lot of people are going to be really fed up about this over the weekend. i will be back in touch again soon. keep your chin up.

my advice is if you are not already caught up then stay well clear. can find you plenty of ways of losing money, but with far less certainty of doing so!

unfortunatly cynic i am one who is caught up in the trap until the time comes when i can escape. have a lovely weekend everyone. I am going to start mine now.

phew! well good luck JB, though I am afraid you really should not have bought this morning ...... suppose you had better clench the buttocks and hope for a decent bounce to allow you to get out at no worse than a minimal loss.

I am sure you have all seen the news, but just in case you haven't, link below:
http://www.moneyam.com/action/news/showArticle?id=1505987