Just picked up a few shares of GameTech, a maker of electronic bingo equipment. As I understand it, this is a hot market — the little ole ladies in bingo halls across the country are literally becoming “high tech red necks.”
Following two consecutive NR7 days, we got long this morning around 9.10 using a buy stop. We’ll add 50% to the position if it closes at 9.50 or better, either near the close today or with a bracket order tomorrow. Hopefully today will become my Lean On day in this nice earnings play.
Only short left on the books is eBay. It is one ugly chart.
Long GMTC
Short EBAY
