Re: PartyGaming (PRTY.L) - 12/8 Trading Update Conf Call
 

[ QUOTE ]

This is almost certainly untrue.

[/ QUOTE ]

I wouldn't doubt that you are right. Though I admire Chanos's "courage" for trying to make money as a short, I think I've read more than one Chanos analysis and thought he was misinterpreting some facts to make his argument. I wouldn't doubt he heard a juicy rumour and decided to run with it.

I myself would never pay people to play online when it's so easy to program a computer to do so for free.

Re: PartyGaming (PRTY.L) - 12/8 Trading Update Conf Call
 

Chanos is an extremely smart guy, but his CAGR over the last 15 years or so (documentation of which you can find on the MSN Berkshire Hathaway discussion board) is about +2%. He's made some terrific individual calls (Enron, Palm, etc.) with outstanding returns, but in aggregate the deck is stacked against him and all the other pure shorts.