FXRE - FX Real Estate & Entertainment Inc.

[Sparky]

I found this forum a few weeks ago and wish I'd have found it years ago. I bought into this and since this stock has headed south. I've bought @ 1.50ish, 1.30ish, and 1.00. It's @ 0.80 now. I just thought I'd see what others thought about this one. I'm hoping it turns back up soon... Might have to hold it a while. It's my second attempt at buying to sell instead of hold long term, maybe I should have quit while I was ahead...lol

FXRE: Summary for FX REAL EST AND ENT - Yahoo! Finance

And

FX Real Estate says reviewing Las Vegas plans | Markets | Markets News | Reuters

Article from above link:

CHICAGO, Sept 29 (Reuters) - Real estate developer FX Real Estate and Entertainment Inc (FXRE.O: Quote, Profile, Research, Stock Buzz) said on Monday in a regulatory filing it is reviewing plans to redevelop its Las Vegas properties, citing "dislocation and turbulence in the capital markets."

"While no definitive determination has been made by the Company, it is unlikely that the program originally proposed will be undertaken," the company said in a filing at the U.S. Securities and Exchange Commission. "The Company intends to continue the properties' commercial leasing activities pending any such definitive determination."

Las Vegas has been hit hard by the weakening U.S. economy, with gambling revenue down 6.5 percent in the year to July. (Reporting by Nick Carey; Editing by Gary Hill)

[rshaggy4]

I think it looks like a bounce with the bailout....long term don't touch it yet.
I really think you should look at ANY stocks health as being "day to day", the way NFL coaches talk about a player when they are injured.

But in the extreme short term, it looks good.

I don't have cash, but I added to the watch list.

[BadThad]

Welcome to SMC and thanks for the post!

[Sparky]

Well I hope I'm the only one that took a loss on this one...