[Sniper]

Hey Dan...

As a comparable, Party has a huge gross margin. The selling in the poker stocks is an overreaction as a result of uncertainty.

As poker players there is noone more likely to understand the true story here.

Empire was an easy layup short on monday. Party was unclear but sold off along with the other stocks in sympathy.

As I stated in a few other threads, Party's action is clearly +EV for them, which should make it a good buy, the only question is has the excess valuation from the IPO hype been removed from the system yet.

Sportingbet came out today and said positive things about the sector, the stocks are all up today.

It was the Zoo effect... Just look at all the craziness in the Internet Gambling forum and in other threads on 2+2 in reaction to party's decision... now think of how much less info the stock analysts and shareholders had on monday.