Think people are scared? Check out Neteller's stock today

vermonthorseplayer · Oct 2, 2006

http://finance.yahoo.com/q/bc?s=NLR.L&t=5d

Down 60% on 12x volume..YIKES!!!!

SBBC · Oct 2, 2006

Ouch!

kirkmuller · Oct 2, 2006

Do gambling sites constitute most of neteller's business?

Kruser6 · Oct 2, 2006

My god thats terrible

Think it will completely hit the floor or do you think there may be a time in which it would be good to buy up this stock?

Sugarbear · Oct 2, 2006

Buy NOW.

Kruser6 · Oct 2, 2006

kirkmuller said:
Do gambling sites constitute most of neteller's business?

I would say about 80 - 90%

Do you guys agree?

vermonthorseplayer · Oct 2, 2006

Kruser6 said:
My god thats terrible

Think it will completely hit the floor or do you think there may be a time in which it would be good to buy up this stock?

If the old saying "never try to catch a falling knife" ever meant anything it does here. I would stay far away

vermonthorseplayer · Oct 2, 2006

Kruser6 said:
I would say about 80 - 90%

Do you guys agree?

90% +..Probably more around 95%

wolfie_cr · Oct 2, 2006

this is the initial shock , by the end of the week the total damage can be assesed

if you want to look at more problems take a look at

http://uk.finance.yahoo.com/q/bc?s=PRTY.L&t=5d&l=on&z=m&q=l&c=

http://finance.yahoo.com/q/bc?s=SBT.L&t=5d&l=on&z=m&q=l&c=

http://today.reuters.com/stocks/overview.aspx?symbol=888.L&WTmodLoc=InvArt-C1-ArticlePage1

http://today.reuters.com/news/articleinvesting.aspx?view=CN&symbol=888.L&storyID=123435+02-Oct-2006+RTRS;&type=qcna

but REMEMBER, publicly traded companies are a VERYYYYYY small fraction of the total sites available to the customer, this reaction is mostly PR knee jerk reaction from investors

the sky is NOT falling, its greyer and there is likelihood of a storm in the next 270 days

Kruser6 · Oct 2, 2006

Sugarbear said:
Buy NOW.

Why, explain this to me? When is a good time, when does it creep back up.

Hell, PP is not going to allow US players. Thats 300,000+ customers of Neteller gone alone!

Kruser6 · Oct 2, 2006

vermonthorseplayer said:
If the old saying "never try to catch a falling knife" ever meant anything it does here. I would stay far away

I like that saying

vermonthorseplayer · Oct 2, 2006

Kruser6 said:
I like that saying

My hands still have scars from the numerous time i tried, lol:nohead:

OMNIVOROUS FROG · Oct 2, 2006

The last thing I would do is try to time the stop of the slide, because they could just pull a BOS. Yes, the majority of their business is go betweens, American bettors and books. That is why the stock is getting clobbered, their revenue stream will get hit hard if they either voluntarily comply, or knuckle under the heat. They will suffer either way as this bill will put a hurtin on them no matter what. Those shareholders should have chipped in and fought the battle before it was passed. I don't trust any publicly traded company to do the right thing after BOS. Bean counters have no stomach for war.

Best Wishes...OF :howdy:

But if Neteller does belly up, I would think there will be a mad scamble of not publicly traded companies to grab the cash cow.

Kruser6 · Oct 2, 2006

OMNIVOROUS FROG said:
The last thing I would do is try to time the stop of the slide, because they could just pull a BOS. Yes, the majority of their business is go betweens, American bettors and books. That is why the stock is getting clobbered, their revenue stream will get hit hard if they either voluntarily comply, or knuckle under the heat. They will suffer either way as this bill will put a hurtin on them no matter what. Those shareholders should have chipped in and fought the battle before it was passed. I don't trust any publicly traded company to do the right thing after BOS. Bean counters have no stomach for war.

Best Wishes...OF :howdy:

But if Neteller does belly up, I would think there will be a mad scamble of not publicly traded companies to grab the cash cow.

May be a great time to buy into Paypal? Are they publicly traded?

vermonthorseplayer · Oct 2, 2006

The stock was over 600 just 10 weeks ago(lost almost 80% in that time)..Some people knew this was coming, wow

vermonthorseplayer · Oct 2, 2006

Kruser6 said:
May be a great time to buy into Paypal? Are they publicly traded?

Paypal is owned by ebay..

hellah10 · Oct 2, 2006

thats amazing... i dont follow the stock market that much (only what dawoof shows me)... but I havent seen a meltdown like that in such a short time period before... wow

Kruser6 · Oct 2, 2006

vermonthorseplayer said:
Paypal is owned by ebay..

Duh

OMNIVOROUS FROG · Oct 2, 2006

Might be a great time to weigh out all options. To have a contingency plan ready and wait for the dust to settle. Next step, GDub signing, then watch what Neteller does. I would not invest in anything offhsore for now. Either short, a bit late for that, or pass.

Best Wishes...OF :howdy:

This would also happen to any American traded stock if their revenue stream and profit projections were drastically affected like this. The price of the stock reflects confidence in the company to remain consistently profitable, at theie current rate. If they comply, the stock will reflect the US revenue gone.

nhoj · Oct 2, 2006

Paypal was fine like 30 Million by US government for allowing their customer to place bets with paypal funds. But I do use my paypal ATM to fund poker account with no problem.