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#11
09-23-2005, 11:45 AM
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Re: New low for Party stock made today:
[ QUOTE ]
Quote: -------------------------------------------------------------------------------- Poker Boom over?. Maybe. -------------------------------------------------------------------------------- Whats with this thought process? Aren't we being a bit presumptuous? [/ QUOTE ] Maybe. 
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#12
09-23-2005, 11:49 AM
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Re: New low for Party stock made today:
[ QUOTE ]
Anyone that understands this business knows Party was a short even at the intital ipo price. The run up from the ipo to 175 was blowoff territory. [/ QUOTE ] I agree with this, and I don't actually think it will get to 150 again; I think there's a good chance it won't ever break 100. I'm just regretting not being able to short it this summer, and enjoying the pipe dream of a fluke price. I strongly doubt it's going to be in the 45 range anytime soon, though.
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#13
09-29-2005, 12:21 PM
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Re: New low for Party stock made today:
PRTY.L breaking down again to new lows-another 8% today to 87.50 on huge volume: The Party is Over-At least for the Stock
50 here we come. [ QUOTE ] But this week has brought the first serious signs of trouble for the sector. 888 made its debut on Thursday at 175 pence, but by 1438 GMT its shares had fallen 7 percent to 163-1/2 pence. PartyGaming was hit by the fall out, and its shares fell 8 percent to 88 pence, down 24 percent on its original listing price in June. [/ QUOTE ] looks like 888(Pacific Poker) was floated today and broke the syndicate bid.
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#14
09-29-2005, 12:27 PM
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Party to buy Betfair
Party gaming has made a offer to buy Betfair for 1.2 billion GDP
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#15
09-29-2005, 12:50 PM
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Re: New low for Party stock made today:
They don't deserve a PE above 20. You do the math. If they are not making earning now, why not?
You are partially correct. They will not be in court for fraud but for Racketeering under the RICO statute. The US Federal Court has jurisdiction for all counts involving Wire Fraud in the US (all Internet Fraud is Wire Fraud), and RICO allows private Civil actions with triple damages. But you are right about it being a great short over $100.
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#16
09-29-2005, 12:57 PM
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Re: New low for Party stock made today:
In light of the OP's thread I think it's time we all just quit online poker starting today, considering that the poker boom is officially over. Thanks, i was sitting around waiting for someone to tell me so I could finally quit playing.
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#17
09-29-2005, 12:59 PM
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Re: New low for Party stock made today:
They make a [censored] load of cash, and nobody cares what the U.S Goverment says on this..
Party Poker went up to high, and now it gone down to low..And when they have Betfair..they will ne worth 100 billion in 3 years
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#18
09-29-2005, 01:11 PM
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Re: New low for Party stock made today:
Fool,
1, if they are making so much cash, where are the earnings? 2, I'll tell you who cares about the US, Party does. It's 80% of their market. 3, their liability is huge, much much greater than their entire market cap when they were at their high.
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#20
09-29-2005, 02:10 PM
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Re: Party to buy Betfair
It offends me when some Johnny-Come-Lately comes on to this site only to pump some dubious stock. Now stop lying to these people, there is only one way PRTY is going to buy anything and that is through dillution. For those uninitiated, dilution is when PRTY breaks out the printing press for new stock certificates. As an example, instead of you having 100 shares you actually now have the equivalent of 50 but you gain share in another gaming company, and their liabilities. No diversification.
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