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teliot
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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.
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SM777
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February 28th, 2017 at 9:58:55 AM permalink
Why are you doing this?
teliot
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February 28th, 2017 at 10:03:30 AM permalink
As part of my retirement I am selling all of my Casino related assets.
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Mission146
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February 28th, 2017 at 10:29:36 AM permalink
Congratulations on your retirement! Are you heading back this way?
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
teliot
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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.
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teliot
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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?
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odiousgambit
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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?
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WatchMeWin
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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?
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Romes
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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
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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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teliot
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February 28th, 2017 at 1:30:58 PM permalink
Quote: Romes

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

Thanks.
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WatchMeWin
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February 28th, 2017 at 2:11:32 PM permalink
Quote: teliot

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."

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).

'

They do...then make money on the spread. Did you put in a market sell price or limit order? If you put in a market sell price, you open yourself to being shaved a bit, especially on a low volume stock.

Good job on the move into new sectors. I also wrote a post about getting into defense, finance, and utilities with the Trump Administration. I believe oil will continue to go up too, once Trump goes in and takes back the oil that he keeps saying we deserved from Iraq... and of course Russia is highly dependent on oil income for their economy. So, oil will continue to go up. Oh yea, did I mention Rex Tillerson! Im in UWTI for the oil play.
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teliot
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February 28th, 2017 at 2:15:56 PM permalink
Quote: WatchMeWin

Did you put in a market sell price or limit order? If you put in a market sell price, you open yourself to being shaved a bit, especially on a low volume stock.

Definitely a limit order. I put it in at the "ask" price of 0.59 at market open (which was the same as the "bid" price), but noticed that the "bid" price declined during the day to 0.57, so about every 90 minutes I lowered my "ask" price until it sold (all or none). The final price was 0.56, or about 5% below the "bid" price at the start of the day. I think that's fair given the size of the sale. The close was my price. There were 59,710 shares sold - so I think even posting here may have caused some others to dump.

Quote:

Good job on the move into new sectors. I also wrote a post about getting into defense, finance, and utilities with the Trump Administration.

I didn't do any research on this. It just seemed obvious to me. I also bought a crapload of TIPS.
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WatchMeWin
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February 28th, 2017 at 2:27:17 PM permalink
Quote: teliot

Definitely a limit order. I put it in at the "bid" price of 0.59 at market open, but noticed that the "bid" price declined during the day to 0.57, so about every 90 minutes I lowered the price until it sold (all or none). The final price was 0.56, or about 5% below the "bid" price at the start of the day. I think that's fair given the size of the sale. The close was my price. There were 59,710 shares sold - so I think even posting here may have caused some others to dump.

I didn't do any research on this. It just seemed obvious to me. I also bought a crapload of TIPS.



OK.. as long as you put in the limit order and dictated what price you wanted or were willing to sell at.

Regarding TIPS, I never traded these but it is a good protection against inflationary periods.
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teliot
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February 28th, 2017 at 2:29:29 PM permalink
Quote: WatchMeWin

OK.. as long as you put in the limit order and dictated what price you wanted or were willing to sell at.

That's a big lesson, but one I learned a long time ago for not very much money.

You should look into tips. The ETF "TIP" is worth consideration.
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SM777
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February 28th, 2017 at 2:46:43 PM permalink
I would've held onto this one a bit longer.
teliot
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February 28th, 2017 at 3:15:21 PM permalink
Quote: SM777

I would've held onto this one a bit longer.


Seriously, if you're going to say such a thing, you need not only understand my motivation, but also have facts to back up what you're saying. Short of inside information, you don't know anything that I don't know. My personal history with Galaxy dates back to 2003.
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SM777
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February 28th, 2017 at 3:20:53 PM permalink
Quote: teliot

Seriously, if you're going to say such a thing, you need not only understand my motivation, but also have facts to back up what you're saying. Short of inside information, you don't know anything that I don't know. My personal history with Galaxy dates back to 2003.



I understand your motivation. Congratulations on retirement. Enjoy yourself.
teliot
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February 28th, 2017 at 3:23:48 PM permalink
Quote: SM777

I understand your motivation. Congratulations on retirement. Enjoy yourself.

you understand what I've told you about my motivation. 😀
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SM777
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February 28th, 2017 at 3:25:19 PM permalink
Quote: teliot

you understand what I've told you about my motivation. 😀



Correct. I have nothing else to go off. I don't know you.

Best of luck. Travel the world!
teliot
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February 28th, 2017 at 3:28:58 PM permalink
Quote: SM777

Best of luck. Travel the world!

Thanks!

I am taking theatre courses at Santa Barbara City College, volunteering as a docent at the Zoo, writing, hiking and otherwise enjoying life. Long travels will await my wife's retirement next year.
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WatchMeWin
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February 28th, 2017 at 4:12:54 PM permalink
Quote: teliot

That's a big lesson, but one I learned a long time ago for not very much money.

You should look into tips. The ETF "TIP" is worth consideration.



I made that mistake long ago as wel, but in optionsl.... unfortunately for me, it was a 5 figures mistake.. sigh

I will look into TIP.. Thanks!

Are you looking into acting or behind the scenes with your Theater venture?
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teliot
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February 28th, 2017 at 4:33:11 PM permalink
Quote: WatchMeWin

Are you looking into acting or behind the scenes with your Theater venture?

Community theatre - acting. I was in a film last year (played a homeless Hispanic, if you can believe it). Also, I was a "supernumerary" in a couple of operas. But I've also done a bit of writing. Recently I wrote a comedy routine for a friend (I am no comic) with the caveat that I got 10% from any performance where he used my work. My guess is that I'll make 20 cents from that. I also recently wrote and performed a monologue for a non-existent character (Dad) in Sam Shepard's "True West."
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teliot
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February 28th, 2017 at 4:40:48 PM permalink
Quote: WatchMeWin

I made that mistake long ago as wel, but in optionsl.... unfortunately for me, it was a 5 figures mistake.. sigh

In 2005 (my first G2E) I met a person who was managing a "Casino" mutual fund with a large company (not Fidelity, but that kind of thing. The fund had a booth at G2E and everything seemed legit. I bought into it for $30,000. In 2009, during the housing crisis, the fund liquidated. I got $9,000 back. I think that's my worst investment ever, but there's a chance I'm going to lose $40k on a Taco Bell.

Meanwhile, my good friend bought a ton of LVS at $1.60 per share back in 2009.
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WatchMeWin
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February 28th, 2017 at 5:00:20 PM permalink
Quote: teliot

In 2005 (my first G2E) I met a person who was managing a "Casino" mutual fund with a large company (not Fidelity, but that kind of thing). I bought into it for $30,000. In 2008, during the housing crisis, the fund liquidated. I got $9,000 back. I think that's my worst investment ever, but there's a chance I'm going to lose $40k on a Taco Bell.

Meanwhile, my good friend bought a ton of LVS at $1.60 per share back in 2009.



Oh man, that LVS brings back a happy yet painful memory. Right about that time same time I bought 25k shares at 2.60. I sold at 5 in a short period of time and was happy..... then the stock kept going and going and going. If we only knew. But at the end of the day, you have to take your profits and not look back... in the long run , this strategy pays off. I predominately trade the biotech sector which is my wheelhouse and Ive done consulting for hedgefunds in this sector, so taking profits off the table when you can and not getting too greedy is always a good thing.

Regarding your acting... awesome man! Im writing a romantic comedy which has a lot of wall street, gambling, Vegas, and a love story. Early stages but maybe we can connect sometime and run ideas.
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teliot
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February 28th, 2017 at 5:02:15 PM permalink
Quote: WatchMeWin

Regarding your acting... awesome man! Im writing a romantic comedy which has a lot of wall street, gambling, Vegas, and a love story. Early stages but maybe we can connect sometime and run ideas.

Sorry about your selling at 5. My friend (who bought at $1.60) told me about her purchase when it was at 5. I thought I had already missed the chance so I didn't buy.

Congrats on your writing. I am always envious of skilled creative writing. I do it in bits and pieces only.

Let me know next time you come to Santa Barbara :)
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WatchMeWin
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February 28th, 2017 at 5:04:47 PM permalink
Quote: teliot

Congrats on your writing. I am always envious of skilled creative writing. I do it in bits and pieces only.

Let me know next time you come to Santa Barbara :)



Will do.
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Paradigm
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February 28th, 2017 at 7:26:35 PM permalink
Quote: teliot

Now I only have URI (bought it at 66, now at 128).


It is time to sell URI...expectations are now to perfection. Ring the register ;-).
teliot
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February 28th, 2017 at 8:17:20 PM permalink
Quote: Paradigm

It is time to sell URI...expectations are now to perfection. Ring the register ;-).

Even with the 15% CG tax?
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Zcore13
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February 28th, 2017 at 11:20:07 PM permalink
Eliot, congrats on your retirement and good luck on all your new ventures. It's been an honor and a privilege to meet and talk to you a few times.


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.
lilredrooster
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March 1st, 2017 at 3:23:07 AM permalink
Quote: teliot



I think GLXZ is a good stock -



At the risk of being hugely unpopular in this thread I am nonetheless going to say that any recommendation of buying a penny stock should include a warning regarding the huge potential downside to doing so. Maybe everybody posting or reading already knows this. But maybe not which is why I posted. GLXZ is a company that I found to have a tiny net income of 190K last year. There are APs on this site that made more. Here are some of the reasons for caution:

Lack of Information Available to the Public
The key to any successful investment strategy is acquiring enough tangible information to make informed decisions. For micro-cap stocks, information is much more difficult to find. Companies listed on the pink sheets are not required to file with the Securities and Exchange Commission (SEC) and are thus not as publicly scrutinized or regulated as the stocks represented on the New York Stock Exchange and the Nasdaq.

No Minimum Standards
Stocks on the OTCBB and pink sheets do not have to fulfill minimum standard requirements to remain on the exchange. Sometimes, this is why the stock is on one of these exchanges. Once a company can no longer maintain its position on one of the major exchanges, the company moves to one of of these smaller exchanges.

Liquidity
When stocks don't have much liquidity, two problems arise: first, there is the possibility that you won't be able to sell the stock. If there is a low level of liquidity, it may be hard to find a buyer for a particular stock, and you may be required to lower your price until it is considered attractive to another buyer. Second, low liquidity levels provide opportunities for some traders to manipulate stock prices, which is done in many different ways - the easiest is to buy large amounts of stock, hype it up and then sell it after other investors find it attractive (also known as pump and dump).
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teliot
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March 1st, 2017 at 6:19:16 AM permalink
Quote: Zcore13

Eliot, congrats on your retirement and good luck on all your new ventures. It's been an honor and a privilege to meet and talk to you a few times.

Many thanks for your kind words!
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teliot
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March 1st, 2017 at 6:21:25 AM permalink
Quote: lilredrooster

At the risk of being hugely unpopular in this thread.

Fine by me! You make excellent points. I have only bought about 5 penny stocks in my life. GLXZ is the first one that turned a profit. Selling is very hard, as you say. Yesterday was not the first time that I tried to sell my GLXZ shares.
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Paradigm
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March 1st, 2017 at 3:37:14 PM permalink
Quote: teliot

Even with the 15% CG tax?


With today's Trump Speech bump to this infrastructure play...you are looking at almost 15X earnings for a company that is growing at 10-12% annually. Once a stock is above this: 1.25 * (Growth Rate X Next Year's Earnings), I think there ends up being not a lot of upside left. Unless we think this is the next AMZN, FB, NFLX, GOOG, etc....and I don't ;-).

That being said, I have underestimated URI as fair value for me would be 12X earnings and that would have meant selling at $109...ahhh that was 25 points below current levels so take that for what it is worth.

You are going to pay CG Taxes at some point, unless you tell me you have held for less than 12 months and I don't think that is correct. If you are under 12 months, I would hold until you get LTCG treatment...I believe that is what just happened with the GLXZ holdings ;-).
teliot
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March 1st, 2017 at 4:13:58 PM permalink
Quote: Paradigm

With today's Trump Speech bump to this infrastructure play...you are looking at almost 15X earnings for a company that is growing at 10-12% annually. Once a stock is above this: 1.25 * (Growth Rate X Next Year's Earnings), I think there ends up being not a lot of upside left. Unless we think this is the next AMZN, FB, NFLX, GOOG, etc....and I don't ;-).

That being said, I have underestimated URI as fair value for me would be 12X earnings and that would have meant selling at $109...ahhh that was 25 points below current levels so take that for what it is worth.

You are going to pay CG Taxes at some point, unless you tell me you have held for less than 12 months and I don't think that is correct. If you are under 12 months, I would hold until you get LTCG treatment...I believe that is what just happened with the GLXZ holdings ;-).

Thanks for your advice. I held GLXZ for about 3 years. URI on 9/15/2015, so it's long.

The whole market is feeling very bubble-ish. Bonds too. Hence CD ladder + TIPS for about 60%, equity is about 15% right now. Also REITs and other stuff is in there. And some cash.

Oh, and a couple of QLACs.

After I made my move, my Fidelity adviser told me that she was giving exactly the advice that I was already doing.
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teliot
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March 2nd, 2017 at 8:12:59 AM permalink
Quote: Paradigm

It is time to sell URI...expectations are now to perfection. Ring the register ;-).

Done. Bought at 66. Sold at 131.

Now ... where to invest?????

I think I'll just buy CA tax free municipal bonds.
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Paradigm
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March 2nd, 2017 at 11:29:24 AM permalink
To me there is nothing wrong with cash and waiting for another opportunity...the market has a tendency to swoon a bit in March and early April as people pull out of positions to pay their 4/15 tax bills.
WatchMeWin
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March 2nd, 2017 at 11:50:57 AM permalink
Quote: teliot

Thanks for your advice. I held GLXZ for about 3 years. URI on 9/15/2015, so it's long.

The whole market is feeling very bubble-ish. Bonds too. Hence CD ladder + TIPS for about 60%, equity is about 15% right now. Also REITs and other stuff is in there. And some cash.

Oh, and a couple of QLACs.

After I made my move, my Fidelity adviser told me that she was giving exactly the advice that I was already doing.



It sounds like you probably know more about the market and different investing strategies than your advisor. You don't need to pay any extra commissions to FAs that dont serve a purpose (unless she is hot and wears tight skirts at meetings). If someone has money and doesn't know about the market and where to put their money, then that is a different story.

I have many many stories of people I know that were FAs.... and they didn't even know what shares outstanding meant nor able to calculate the market cap of a company. Fundamental stuff. They were just good and swoozing people and getting their investment...thus taking 2-5% management fees, etc.

Dont get me wrong, there are many smart, ethical, and good FAs out there... just not needed as much anymore with the internet and people educating themselves and trading themselves.
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teliot
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March 2nd, 2017 at 2:53:06 PM permalink
Quote: WatchMeWin

It sounds like you probably know more about the market and different investing strategies than your advisor. You don't need to pay any extra commissions to FAs that dont serve a purpose (unless she is hot and wears tight skirts at meetings). If someone has money and doesn't know about the market and where to put their money, then that is a different story.

I have many many stories of people I know that were FAs.... and they didn't even know what shares outstanding meant nor able to calculate the market cap of a company. Fundamental stuff. They were just good and swoozing people and getting their investment...thus taking 2-5% management fees, etc.

Dont get me wrong, there are many smart, ethical, and good FAs out there... just not needed as much anymore with the internet and people educating themselves and trading themselves.

I absolutely don't pay anything for a FA. Fidelity gives me the service for free, based on my balance. I ignore their advice with regularity. For "only" 1%, they will manage my account for me. NO THANKS!

A few years ago I did this thing where I bought and sold CA Muni bond funds several times, chasing capital gains from timing ups and downs in the NAV instead of the tax free income from the bonds. My FA thought I was crazy, but I made a lot more with my strategy than the bonds ever returned.

My FA at Fidelity three years ago tried to give me some advice on annuities. I asked for his credentials. He said he didn't have a college degree, but listed all sorts of other credentials. So I went online and looked him up in the CA FA database, and he had about 5 jobs in 8 years. So I figured he was way over his head and I ignored everything he said. I complained to the office that they would let someone give advice at that level without having a college degree. About 6 months later he was gone.

But yeah, I pay attention and read all the time. That's why I am big on TIPS and CD's right now.

BTW, I also listen to Paradigm. He's awesome.

Cheers.
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odiousgambit
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March 2nd, 2017 at 4:25:48 PM permalink
Now that you're retired, you must see the movie "About Schmidt" if you haven't. Especially if you have a daughter about to get married as well.

The book is good too - but quite different
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
teliot
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March 2nd, 2017 at 4:47:03 PM permalink
Quote: odiousgambit

Now that you're retired, you must see the movie "About Schmidt" if you haven't. Especially if you have a daughter about to get married as well.

I've seen it. I wouldn't say it was one of Nicholson's finest.
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Zcore13
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March 2nd, 2017 at 5:04:30 PM permalink
Quote: teliot

I

...BTW, I also listen to Paradigm. He's awesome.



Good choice. He's a smart man.


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.
Paradigm
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Thanked by
mrsuit31
March 2nd, 2017 at 7:55:50 PM permalink
I appreciate the kind words gentlemen...I like to be a value add & sometimes am successful ;-)
beachbumbabs
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March 3rd, 2017 at 7:20:42 AM permalink
Quote: Paradigm

I appreciate the kind words gentlemen...I like to be a value add & sometimes am successful ;-)



I'm also in the paradigm fan club.
If the House lost every hand, they wouldn't deal the game.
Paradigm
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March 3rd, 2017 at 1:11:30 PM permalink
Teliot, your order and others that day/this week have tanked the market makers Bid/Ask spread on GLXZ ;-).

Last couple of days has been $0.562 Bid/$0.64 Ask...gotta love that 13.8% spread between the two. Liquidity is definitely an issue in GLXZ, but I still think long term there is room to go...Q4 Earnings normally come out right at the end of March.

I still think they are winning the Flush game category with HCF vs. Flushes Gone WIld/Chase The Flush competitors. Along with 21+3, Lucky Ladies & their Prime Membership where casinos can get all their "similar" games (no comment) for one monthly price...I am looking for 2016 Revenue in excess of $12.6MM giving them 15% Top Line Revenue Growth. That with refinanced debt that has a lower cash flow service requirement albeit at a higher interest rate...they are looking as healthy as they have ever been and that is built into their current stock price vs. historical levels.

But that doesn't mean they aren't a micro cap stock with all the risks that come with that category of investments. Stuff can definitely go wrong and while GLXZ has more room for error now from a cash flow perspective than in the past...this is still a small business environment.

Full disclosure, I currently own 11,000 shares having sold my other shares for my entire cost basis in the position + $2400. The remaining 11,000 shares are essentially "House Money" and I am letting it ride until the story changes or I feel fair value is achieved.
Zcore13
Zcore13
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March 3rd, 2017 at 4:22:33 PM permalink
Quote: Paradigm

Teliot, your order and others that day/this week have tanked the market makers Bid/Ask spread on GLXZ ;-).

Last couple of days has been $0.562 Bid/$0.64 Ask...gotta love that 13.8% spread between the two. Liquidity is definitely an issue in GLXZ, but I still think long term there is room to go...Q4 Earnings normally come out right at the end of March.

I still think they are winning the Flush game category with HCF vs. Flushes Gone WIld/Chase The Flush competitors. Along with 21+3, Lucky Ladies & their Prime Membership where casinos can get all their "similar" games (no comment) for one monthly price...I am looking for 2016 Revenue in excess of $12.6MM giving them 15% Top Line Revenue Growth. That with refinanced debt that has a lower cash flow service requirement albeit at a higher interest rate...they are looking as healthy as they have ever been and that is built into their current stock price vs. historical levels.

But that doesn't mean they aren't a micro cap stock with all the risks that come with that category of investments. Stuff can definitely go wrong and while GLXZ has more room for error now from a cash flow perspective than in the past...this is still a small business environment.

Full disclosure, I currently own 11,000 shares having sold my other shares for my entire cost basis in the position + $2400. The remaining 11,000 shares are essentially "House Money" and I am letting it ride until the story changes or I feel fair value is achieved.



The casino in Flagstaff Arizona just replaced all Shuffle games with Galaxy games. High card flush and WPT.
Casino Arizona just got rid of their straight Jack tables and are replacing them with high card flush tables. And that casino in Prescott was thinking about switching from Galaxy games to shuffle games but the price would have been about double.

And there is no doubt in my mind that Galaxy gaming is winning the flush game battle. I'm sure they got must be getting close to 200 installs at this point. And just about every player that comes in that has played the other games says they are stupid compared to high card flush.

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.
Paradigm
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March 14th, 2017 at 1:24:03 PM permalink
100,000 share block just went off at $0.60 five minutes before the close...it is going to be difficult to purchase any significant block of shares under $0.60 going forward.
teliot
teliot
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March 14th, 2017 at 5:32:15 PM permalink
Quote: Paradigm

100,000 share block just went off at $0.60 five minutes before the close...it is going to be difficult to purchase any significant block of shares under $0.60 going forward.

So, you think some random person offer 100k shares, and some other random person came along and said, wow, I think I'll buy me 100k shares? There may be more going on here than the trade.
Climate Casino: https://climatecasino.net/climate-casino/
Paradigm
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March 14th, 2017 at 5:47:29 PM permalink
I bet it was a paired trade and not a market order...it is still a big trade and triggered by the buy side based on the pricing at $60,000 vs. $56,000-$58,000 that it would have gone off at if the sell side had triggered the trade.
Paradigm
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March 27th, 2017 at 1:53:01 PM permalink
123,000 shares traded today with a block of 48,000 shares traded at $0.65....at close Bid was at $0.65 and good for 37,000 shares, Ask is at $0.67 good for 1,000 shares.
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