Shorting party poker

[michiganfan9]

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Worst Idea Ever....

First, on what are you basing your belief that growth is priced in?
Looks like it will be trading at a forward PE of about 20, not super cheap for a company in a mature industry, but does that really describe partygaming?

Do you expect Party's growth to come to a dead stop this year? next year?

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For me atleast I see it totally the opposite. I can't see poker playing slowing down anytime soon

[Harmonica]

I wouldn't be so quick to dismiss shorting this share, because I have been looking to buy some shares in party, but they have had to already cut the price on its float price, also the grey markets have already been quoting ranges below the new ipo price range, which isn't good, all because of this scare mongering [censored] that is going on, I have heard mixed reports that the banks are have had a tough time shifting the shares and in the next breath I have heard the more specialised instituitions saying that they are really shifting shares, so who's telling the truth, add into all of this that empire online has lost nearly 15% of its value in only 2 days of trading, because of peoples concerns over the party deal, I have heard also that people reckon the price could drop quite a bit on its first day of trading, which leads me to ask this question why do the instituitions buy shares in ipo's, if they know that the share price is going to fall when the company starts trading???