The Party's Over

[Dan Mezick]

If you believe that stocks discount the future and that current price reflects everything known about the stock by all participants, then you have to conclude it is extremely likely the online poker party will be over soon. And, that it is going to get quite ugly.

Many of the more respected posters have said time and again the party can't last forever. That was hard to see a year back.

It may well be over if you believe the stock price action tells the truth, in issues like WPTE and Party (UK:PRTY).

These charts are just plain ugly. The short sellers are having a field day with these issues.

These equities are saying the party is over.

Party Stock

World Poker Tour Stock