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RE: Poker Bill Passes Committee

Comments (4)
by , Sep 16, 2008 | 3:01 pm

Serious question — don’t claim to have a clue — but am curious to see whether or not overcoming an American political hurdle (but still not near the finish line) moves the market needle overseas.

I wonder if we’ll see an impact on Party Gaming’s stock price. Trading in London closed today at 186.75 … down 1.19 percent, before this vote had gone down, of course.

My microbial knowledge of international securities gut says it would be a good time to buy. But does this accomplishment in Washington DC mean much more than a flop to the businesses heavily vested in HR 6870′s movement through the system?

We’ll see, I suppose.


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  • http://www.JohnnyHughes.com Johnny Hughes

    Why all the buying in May? Any stock that hangs around 20 and then jumps to 300 is too weird.

  • http://pokerati.com/about-us/#danm DanM

    They did a reverse stock split … i thought the same thing when i noticed that during the middle of the wsop … almost (literally) lost my shit, since my entire stock portfolio consists of PartyGaming and some Enron residue.

    But I was curious, too, how/why this numerical game affected the volume chart.

  • http://pokerati.com/about-us/#danm DanM

    BTW, PRTY.L stock is trading now … so far down 1.75 points/pence.

  • http://pokerati.com/about-us/#danm DanM

    OK, I’m seeing how this works … just took a few days. Party’s stock has been surging … up from 186 when this was originally posted to currently better than 202.

    http://finance.yahoo.com/q?s=prty.l