Buy my GLXZ stock

I am offering for sale, all or none, my 20,000 shares in GLXZ (Galaxy Gaming). You can buy them through your favorite broker. I am offering them at the current "bid" price of 0.59 cents (the "ask" is 0.64), so that's as cheap as you could possibly get them. The current list price is 0.615.

Why are you doing this?

As part of my retirement I am selling all of my Casino related assets.

Congratulations on your retirement! Are you heading back this way?

Quote: Mission146

Congratulations on your retirement! Are you heading back this way?

Thanks.

No plans to be in LV, staying in Santa Barbara. It's nice here.

Sold it all at 0.56.

I bought at 0.19.

Did someone here grab it?

if interested in that stock, it was going for a good price - for buyers - compared to yesterday

the only news I see is the announcement about Samsung Galaxy Note 8 to be launched in August [probably nothing to do with galaxy gaming]

I was not your buyer, just for the record. If anybody else is interested, I'd imagine there are other sellers, altho this is over the counter?

Quote: teliot

Sold it all at 0.56.

I bought at 0.19.

Did someone here grab it?

20k shares is a high volume trade for a stock that has an average daily trade of 13k. If you put up all 20k shares for sale at market, your brokerage firm probably bought your shares at 10-15% off the asking price. They will keep the asking price up and try to sell the shares above what they bought yours at.

Great trade btw, From .19 to .56 is a nice return. Do you think galaxy has had its fun in the sun and is experiencing too much competition? Or just selling off for some income?

Quote: teliot

Thanks.

No plans to be in LV, staying in Santa Barbara. It's nice here.

Either way, congrats on the retirement and the nice deal.

Quote: WatchMeWin

20k shares is a high volume trade for a stock that has an average daily trade of 13k. If you put up all 20k shares for sale at market, your brokerage firm probably bought your shares at 10-15% off the asking price. They will keep the asking price up and try to sell the shares above what they bought yours at.

That never occurred to me. Do you think Fidelity would do that? I know 20k shares was a lot to sell all at once, I knew going in I would have to offer a really good price on "all or none."

Quote:

Do you think galaxy has had its fun in the sun and is experiencing too much competition? Or just selling off for some income?

I think GLXZ is a good stock - their portfolio of games just keeps getting better. They just restructured their long-term debt. Their fight over High Card Flush is history (they won).

I held quite a few Casino industry stocks and I decided to sell them all in January. GLXZ was the last one in my portfolio to go. It was not for income in any way.

My strategy 3 days before the inauguration was to sell all of my equities then buy back in two sectors - utilities and defense/aerospace. So far that has been a good choice. I held on to GLXZ and URI. Now I only have URI (bought it at 66, now at 128).