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Zeev Hed

11/30/06 1:35 PM

#516566 RE: madrose1 #516557

Watch RIMM, made first challenge to a new HOD, my guess it will succeed on the third try? In edit, and RIMM printing new HOD, as expected... and here they caught my bid at $139.20 for another $.94, and took my bop a penny higher. In edit, and minutes later covered at $138.61 for $.60 and went long. On my way to the octadecabucker on that one, I hope.


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marketmaven

12/02/06 3:33 PM

#517001 RE: madrose1 #516557

Excellent call-Wonder how WYNN & LVS jammed so much??

You are an amazing trader ! Harrah's bid froze me.
(These private equity people are trying ANY DEAL>>>

BotE Sign- Buying Gambling Houses in a Recession- UFB!

Second Group May Make Bid for Biggest Casino Company [New York Times]http://vcvijay.blogspot.com/2006/11/bid-for-gambling-company-is-it-gamble.html

Summary: harrah\'sComing on the heels of last month's $15.5 billion offer by Apollo Management Group and Texas Pacific Group to buy Harrah's Entertainment, the largest casino operator in the world, a second buyout group is now considering an offer for the company. The new offer, led by Penn National Gaming, which owns casinos and racetracks, and D. E. Shaw, the hedge fund, sent shares up 2.5% yesterday after it was announced on CNBC. Any buyout would require the new owners to obtain a license to operate gambling businesses in the state of Nevada, a requirement that has stymied deals for casino operators in the past.

Related links: Media coverage: Las Vegas Business Press. Commentary: Who Will Acquire Harrah's? * Valuing the Casino Industry: Are There More Harrah's Out There? * Harrah's Seems Underwhelmed by Buyout Offer * Harrah's Gamble Not Without Risk * Bidding Up Harrah's.

Potentially impacted stocks and ETFs: Harrah's Entertainment (HET), Penn National Gaming (PENN) * Competitors: Wynn (WYNN), Las Vegas Sands (LVS), Trump Entertainment Resorts (TRMP), Monarch Casino & Resort (MCRI), Pinnacle Entertainment (PNK).