[DVO]

"Its a sign that the top is near and maybe it already happened."

I don't think we're anywhere near the top in internet poker. There are only 1.4mm online players out of 100mm (and growing) poker players in the world.

And the anectodal eveidence is overwhelming...I was reading the Barron's article while getting my hair cut, and was bitching and moaning to my hair cutter that I'd yet to invest ...blah blah blah...and two people came up to me and talked about poker online, told a story about a friend doing it, asked questions, etc etc. Or ask the table next time you're playing at a B&M. Many players there are very interested also.

I routinely scoff at fads and have never invested in one...
but this is definitely worth least 5-10% of one's portfolio. The risks are there,( mainly political) but the business model of the online sites is staggering. Puts even E Bay to shame...

Unlike the profitless internet stocks of the 90's, this is for real. Growth will slow at some point, but not for a long time. And I predict poker will become an entrenched part of society at some point, including online poker.

In sum:

1) Stunning business model with huge margins( at least for first movers like Party)- marginal added players cost the site very little but add incrementally to cash flow;

2) Addictive product.

3) Lots of room for growth.

I just wish there was a pure play right now. I hope PP does go public fairly soon. Until then looks like Neteller and Sporting Bet are the best way. I would avoid WPT for the reasons others have noted.

My two cents.