teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 8:52:26 AM permalink
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.
SM777
SM777
Joined: Apr 8, 2016
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February 28th, 2017 at 9:58:55 AM permalink
Why are you doing this?
teliot
teliot
Joined: Oct 19, 2009
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Thanks for this post from:
SM777
February 28th, 2017 at 10:03:30 AM permalink
As part of my retirement I am selling all of my Casino related assets.
Mission146
Administrator
Mission146
Joined: May 15, 2012
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February 28th, 2017 at 10:29:36 AM permalink
Congratulations on your retirement! Are you heading back this way?
Vultures can't be choosers.
teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 10:45:56 AM permalink
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.
teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 11:59:56 AM permalink
Sold it all at 0.56.

I bought at 0.19.

Did someone here grab it?
odiousgambit
odiousgambit
Joined: Nov 9, 2009
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February 28th, 2017 at 12:26:16 PM permalink
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?
"Baccarat is a game whereby the croupier gathers in money with a flexible sculling oar, then rakes it home. If I could have borrowed his oar I would have stayed." .......... Mark Twain
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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February 28th, 2017 at 12:55:21 PM permalink
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?
'Winners hit n run... Losers stick around'
Romes
Romes
Joined: Jul 22, 2014
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February 28th, 2017 at 12:56:40 PM permalink
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.
Playing it correctly means you've already won.
teliot
teliot
Joined: Oct 19, 2009
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Thanks for this post from:
Paigowdan
February 28th, 2017 at 1:26:09 PM permalink
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).

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