NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

Wow... That Was An Unexpected Turd

[humppyus]

I was really suprised with this report as NYX really seemed to be turning around and making the right moves.  Until last Friday there really wasn't even a wiff of how crappy this report would be. I thought the lighter volume selling on Friday and Yesterday was just a couple of holders protecting some profit from the run up over the past month or so.  I guess they were tipped off to this turd of a report.  The Canaccord report that someone posted last week which had a date of Aug 14 was off. A tenth of a point is not margin improvement as I am certain it was financial deck shuffling that got them that.

I pressed the dump button this morning protecting what turned out to be a small profit on my main holdings of NYX and a loss on the small gamble purchase I made yesterday.  I do believe there is opportunitiy for NYX and down the road it will see a higher share price.  However unless something very material comes along, the market will be waiting until earnings in November. If they are not stellar watch out for the big Tax Loss Dump into December. I suspect the analysts will be lowering targets over the next day or so.  

All of that said I will be watching, however from the sidelines at this point.