MakingBook
MakingBook
Joined: Sep 19, 2011
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January 26th, 2013 at 6:17:21 AM permalink
Quote: Mission146

I bought 1k in SiriusXM at $0.08/share and another 1k at a little over $0.60/share and it closed at $3.15 today.



Good score!

It NEVER works that way when I (or anyone I know) buys a penny stock. I quit buying penny stocks about when I started playing craps. Unfortunately, the results are the same. And I don't get the tax deduction for any craps losses.
"I am a man devoured by the passion for gambling." --Dostoevsky, 1871
TheBigPaybak
TheBigPaybak
Joined: May 14, 2012
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January 26th, 2013 at 7:22:31 AM permalink
Quote: Paradigm

I reiterate Soopoo's remarks, both are thinly traded stocks you must buy in small quantities and use limit orders or the market makers can crucify you for an extra $0.05 per share on execution. When you are talking about penny stocks, that ends up being 15%+.

Be careful with both of these issues. Soopoo is going to make money on his DEQ....I have less conviction on Galaxy at this point, but PaiGowDan knows a bit about table games so we will have to see what kind of impact he can have.

Disclosure: I have been long DEQSF since March of 2011 and picking up more on dips (i.e. when someone just puts a market sell order in for 10,000 shares and the price drops $0.075 in a day)



Both GLXZ and DEQ have their strong points although DEQ has a market cap around 3x that of GLXZ.

I've always liked DEQ as they control the "EZ" games and from a management perspective: they're competing nicely against SHFL in the table games space. GLXZ always seemed more of a gamble although they seem to be making good progress lately with Bonus Craps, 21+3, and the deal for 3-card poker in the UK. From what I remember about that deal, once they pay it off in around 5 years or so, they should be making good money after that time. Of course a lot can happen between now and then. I was always of the opinion one or both will be destined for SHFL in the long-term, although at least in DEQ's case, the acquisition cost would be too high, most likely.
Lack of prior planning on your part doesn't constitute an emergency on my part.
AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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January 26th, 2013 at 9:02:20 AM permalink
When I used to trade options and penny stocks my broker told me I was better off gambling in Vegas where I would at least get free drinks.
Paradigm
Paradigm
Joined: Feb 24, 2011
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January 26th, 2013 at 10:53:39 AM permalink
Quote: Mission146

You never know, I bought 1k in SiriusXM at $0.08/share and another 1k at a little over $0.60/share and it closed at $3.15 today.


Very nice Mission....I had like 2500 shares of SIRI bought at $0.40 but sold after doubling at $0.80....was worried about their debt load (like I am with Galaxy). Hindsight is 20/20 and you made a better decision to increase your position, where I sold mine, well done!

Galaxy may be in the same boat as SIRI, perhaps they can come out the other side of the debt tunnel, it has been since before the Webb acquisition that I studied their financials.

I think if you keep these high risk, speculative plays to like 5-10% of your overall portfolio and they are companies that you know the industry and what they do and can read the financials to understand their specific hurdles, you can make some money in micro caps.

SIRI and DEQ are the only micros I have ever owned and I know a lot more about DEQ's market and financials than I did on SIRI.....that was likely one of the reason I took the money and ran on SIRE, I was a very weak hand there.
Mission146
Mission146
Joined: May 15, 2012
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January 26th, 2013 at 4:07:41 PM permalink
Quote: MakingBook

Good score!

It NEVER works that way when I (or anyone I know) buys a penny stock. I quit buying penny stocks about when I started playing craps. Unfortunately, the results are the same. And I don't get the tax deduction for any craps losses.



Thanks!

I got pretty lucky with that one, but it was part luck, part research and part intuition.

They just had those contracts with auto manufacturers, so even though they were essentially begging for money, it was clear to me that the ability to repay was there and they would eventually get it. Just built in subscribers with new car sales, beautiful thing, great original programming...and it's one of those things that many people don't really think about if they don't have it, but if you do, you want to keep it, so people tend to re-subscribe when the free period runs out.
Vultures can't be choosers.
Mission146
Mission146
Joined: May 15, 2012
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January 26th, 2013 at 4:17:53 PM permalink
Quote: Paradigm

Very nice Mission....I had like 2500 shares of SIRI bought at $0.40 but sold after doubling at $0.80....was worried about their debt load (like I am with Galaxy). Hindsight is 20/20 and you made a better decision to increase your position, where I sold mine, well done!



Thanks, I got lucky! It's just one of those things where a company is trending positive, and quickly, you can either realize your gains or double down...but rarely will anyone just sit. I usually sell off a stock after gaining or losing 20%, but Sirius just seemed incredibly strong on subscribership with all of those auto manufacturer contracts.

Quote:

Galaxy may be in the same boat as SIRI, perhaps they can come out the other side of the debt tunnel, it has been since before the Webb acquisition that I studied their financials.

I think if you keep these high risk, speculative plays to like 5-10% of your overall portfolio and they are companies that you know the industry and what they do and can read the financials to understand their specific hurdles, you can make some money in micro caps.



That's true, it's one of those situations...with smaller companies...where if you're really willing to do your reearch you can have aq slight edge simply by knowing more about a company's fundamentals than the other investors.

Quote:

SIRI and DEQ are the only micros I have ever owned and I know a lot more about DEQ's market and financials than I did on SIRI.....that was likely one of the reason I took the money and ran on SIRE, I was a very weak hand there.



It's vice-versa for me, I've never really looked into DEQ.
Vultures can't be choosers.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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April 2nd, 2013 at 7:38:29 AM permalink
Galaxy reported good results and is up 26% today. I wonder if Dan is now being recruited by Intel, Microsoft, Google......
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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April 2nd, 2013 at 7:54:12 AM permalink
Quote: SOOPOO

Galaxy reported good results and is up 26% today. I wonder if Dan is now being recruited by Intel, Microsoft, Google......



Yahoo and Facebook need more help:-)
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
rainman
rainman
Joined: Mar 28, 2012
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April 2nd, 2013 at 8:04:52 AM permalink
Quote: rdw4potus

Yahoo and Facebook need more help:-)



Not as much as Apple.
Zcore13
Zcore13
Joined: Nov 30, 2009
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April 2nd, 2013 at 9:11:22 AM permalink
The Galaxy train was rolling well before Dan got there and will continue well after. I'm telling you right now so you can come back here and look it up later, 2013 will be VERY good for them. The Bonus Jackpot System, Three Card Poker in the UK and High Card Flush are going to make them a lot of money. I say the stock doubles from .25 in the next 12 months.

ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.

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