RE: Poker Bill Passes Committee

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.

4 Comments to “RE: Poker Bill Passes Committee”

  1. Johnny Hughes

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

  2. 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.

  3. DanM

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

  4. 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.