EGT - Elixir Gaming Technologies - Page 48

strong move so far this morning. lots of pr's coming out of them.

always love this stock....

Looks like it could be headed for a breakout? Unfortunately there is not a lot of interest in this stock at 0.28 unless your a seller. And there are a lot of sellers.

Sitting at .33
Not too bad

look at 3 years chart ...you 'll see the potential

I'm long 20K shares at 0.18 but I don't see it anywhere near the 3 year chart potential ever again. They had a different business then, and that business is not coming back. The casino might be interesting, and Asia is the rage, could be a good ride for a while.

This breakout is in anticipation of 3Q earnings though. I expect a collapse on news per usual, and I may try to play the top and wash afterward to keep my long gains but I have not been able to do this before.

Well congrats on doubling up on your investment!
I just recently covered my loses after holding this.
Im debating at the moment to sell now and put my money elsewhere. Ive been holding this for too long and am not happy with my returns... lol

Huge gains lately. Any clue what the ceiling might be for this short term?

Well the highest in 2009 was approximately 0.43, I'm still not too comfortable reading charts so anyone that wants to chime in or tell me where I'm wrong feel free.

Looking at the weekly chart on FINVIZ the latest candle has a large wick which you'll be looking to fill the rest of this week. And trading today went over the '09 high of 0.43 but didn't stay there. It may be stuck around here, fall back upon Qtrly release to a support in the mid-thirties that was the pattern previously? I can't tell where a support would be, anyone else?

Looking at the daily chart there is nothing to stop it, volume was larger today than in the previous October days that brought it to this level with little/no resistance in sight. I saw sells piled on at 0.75 and over $1, and that's where my orders sit. But although the company has been improving fundamentally it doesn't have the business behind it to reach the levels it was at in 2008, although maybe after their casino is built.....

Disclaimer: I have no idea what I'm talking about, although sometimes it looks good.

I'm sticking with my shares, and I'll try to trade this one. It is amazing how this thing gets into a rollercoaster pattern on the regular.

EGT - Very think ready to move - CHART

This is very thin ASK and is about to go. Good entry here for short term target being 50ma $4.87 and then 200ma at a little over $6.00.

Daily chart here:

Notice SAR just turned as well. Will be a good week and a half IMHO. Good entry today.

http://stockcharts.com/c-sc/sc?s=BEA...7900838&r=4093

Good luck all if you take a position.

I'll sell you my shares at $3.00 even. You can turn around and sell at whatever you think is reasonable below that short-term target.

Moving on high volume with no news. Should be some announcements upcoming about the casino they are looking to build.

Yesterday:

Entertainment Gaming Asia Inc. (AMEX:EGT) soared 1.67%, to close at $0.366 and its overall traded volume was 170,193.00 shares on Monday, with the total traded volume of 180,044.00 shares. EGT opened the day at $0.37, it made an intraday low of $0.35 and an intraday high of $0.37. The 52-week range of the stock is $0.21 – $0.46. EGT’s market capitalization is $42.49M and it has 116.09M outstanding shares.Entertainment Gaming Asia Inc., formerly Elixir Gaming Technologies, Inc., is engaged in the ownership and leasing of electronic gaming machines in resorts, hotels and other venues in Asia placed on a revenue sharing basis with venue owners; the design, manufacture and distribution of table game products, and the design, manufacture and sale of component parts for the automotive industry. The Company contracts with the venue owners or operators for the placement of electronic gaming machines on a revenue sharing basis and directly acquire and install the gaming machines and other gaming peripherals at the relevant gaming venues. As of December 31, 2009, the Company had an inventory of 1,702 gaming machines suitable for deployment. Through Dolphin Advanced Technologies Pty Ltd. (Dolphin), the Company’s subsidiary, it also designs, manufactures and sells component parts for the automotive industry.

EGT

4th Qtr and Year-end Financials should be coming out soon. Maybe this it the start of the buildup to that? 3rd Qtr was released 10/31/2010 so should be end of January.

closed at .39
this is a good play to flip in and out from 34 - 39

Increased volume and reaching up above 0.40 the last 2 days. A spike like this will often precede a move up to a new consolidating level.

I found out 3rd Quarter was released in early November and Yearly Financials should be early March.

B B B Breakout!

 

Nice 3-day move could put some more eyes on this.

Up in AH to .45 on pretty high volume. CEO's been exercising options left and right - check the filings. This could be the start of a big run.

 

Big runs here, anyone know why?

I hope you are still holding my friend

I got in at 0.05 a few years ago and out at .45 some months later...one baby and one house later, I'm just now starting to take interest in penny stocks again.  Is this worth picking up at $1.10+?  Pretty insane run lately.