GAME in trouble?

[mervl]

I've watched a couple of her programmes and she doesn't strike me as a gamer.

Oh you do disappoint me. 

[pctech]

I forgot to mention I was half asleep at the time....

[Simon]

She doesn't look too game to me either... 

[.Griff.]

I've watched a couple of her programmes and she doesn't strike me as a gamer.

She doesn't like joysticks I know that much.

[Simon]

[pctech]

Step away from the thread! 

[Glenn]

Walmart are looking at buying Game, the share price is in overdrive, rising from 0.5p on Monday to a high of 3.95p now.

http://www.computerandvideogames.com/339993/walmart-in-talks-to-buy-game-rumour/

[Simon]

That would have been a shrewd investment.

[pctech]

I'd buy some if the execution fee wasn't so damn expensive.

[Glenn]

I bought 14,000+ Oxus Gold shares on Tuesday at 3.4p, today they are trading at 5.2p. They are locked in a court case with the Uzbekistan government over, but have just agreed a deal with a litigation firm on a no win no fee basis.

http://online.hemscottir.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=766580795384857&ir_client_id=4252

[Simon]

So, am I right in thinking that, roughly, if I'd bought £500 of Game shares at 0.5p, they would have been worth about £2k now?

[pctech]

Ker-ching!

[Glenn]

So, am I right in thinking that, roughly, if I'd bought £500 of Game shares at 0.5p, they would have been worth about £2k now?

They are trading at 3.45p at the moment, so you would see just short of a 700% profit.

[Simon]

Sh*t!!

[Glenn]

That would 600% not 700%, as you would still have your original stake

[Simon]

Still not bad for a few days!

[Technical Ben]

Huh? Oh wait.
I read it as £3.45! As in much more than 600% return! 

If you ever followed RBS shares, you could have made a killing on those too (via buying low, not when they were high! ). However, they could have also gone down the Northern Rock route. So hindsight and all that...

[Simon]

Indeed, you'd have to see it as a gamble, and be prepared to lose.  For those sorts or rewards, though, I can see why the professionals do it. 

[pctech]

Telecitygroup (my purchase of a few weeks ago) are slowly rising.

[Glenn]

Xcite's oil rig is now on station in the North sea and should start drilling a production well next week, the share price is down 10-15% on the week

[Simon]

The time to do it seems to be when a company is on its arse, then all you have to do is hope that another big name takes them over.

[pctech]

I'm going to hold onto shares I buy for a good long while, I also need to top up my holding in Tesco as it also acts as a good cash reserve.

[Glenn]

If you want a long term hold Parkmead Group with Tom Cross at the helm would be a good bet. He took Dana from nothing to a £1.87bn sale to Korea National Oil Corp   http://www.ft.com/cms/s/0/07c79278-c7c3-11df-8683-00144feab49a.html#axzz1pDLfbK00

[Technical Ben]

Indeed, you'd have to see it as a gamble, and be prepared to lose.  For those sorts or rewards, though, I can see why the professionals do it. 

Some one in the business (but when there was no limit/restriction on buying/selling) got £10ks worth of shares when they were 10p each. The next day sold them for 20p each. 

PS, you don't have to buy shares from a failing company Simon... you could of invested in a successful one like Apple and their £500 a share price point! 

[Simon]

Investing £10K in Game when it was at its lowest would have reaped about £600K!!