Neteller up bigtime in early London trading...

da1prophet · Oct 3, 2006

Mentioned this in one of the other threads, and wanted to make sure it didn't get lost there. 42 minutes into the trading day in London most of the gaming stocks that got clobbered yesterday are flat (most are down fractionally). The one exception is Neteller(uk:NLR), which is up 20 points(15% or thereabouts) as of 4:44 AM EDT. What it appears is that the marketplace is thinking that the financial intermediaries (this one at least) could be a winner in the new online gaming landscape? In any case, investors like something about Neteller that they don't like about the other big UK gaming stocks like Party, 888, Sporting Bet, etc. And Firepay's parent company, the Fireone Group isn't sharing in the Neteller rally and is down slightly in early trading.

http://www.marketwatch.com/tools/quotes/quotes.asp?symb=uk:NLR&vc=&siteid=mktw&dist=dropmenu

Dante · Oct 3, 2006

this is good to see

WVU · Oct 3, 2006

this is false thinking. While Party Poker, Crypto, and 888, and Boss all shrink dramatically due to not doing business with Americans then Neteller will suffer big time.

The increase is due to uninformed investors trying to short the stock. They are going to be in for a big surprise.

HansGruber · Oct 3, 2006

WVU - a move that big make me think it's institutional money more than individuals.

WVU · Oct 3, 2006

Hans Gruber said:
WVU - a move that big make me think it's institutional money more than individuals.

very likely

Concorde · Oct 3, 2006

Someone is making BIG MONEY on these stocks these days ...

Salain · Oct 3, 2006

Up because of the official neteller statement http://content.neteller.com/content/en/member_businessupdate.htm saying they're not leaving america...yet.

Down because they lost a ton of outs, if you will, and still may bow out because they're UK based.

OMNIVOROUS FROG · Oct 3, 2006

It is all guesswork here fellas. Just like the number manipulators in sports, the institutions could have shorted it huge early, start a panic, get the masses to follow them over the cliffs. But they had parachutes and float to safety. The rest of the crowd, well, they got crushed. So they fold up their parachutes walk back to the AIM, and buy all they sold at a hugely discounted price, and cannot lose.
Remember the BOS stock. Same thing, took a tumble, got a buyback on goofy rumors and collapsed. If this law was truncated down to anything, it might as well be called the Neteller law. And if these board members are anything like BOS's, I know how that ends. We are not talking about hard core books here. We are talking about bean counters and execs. Do they want a permanent ban on travel to the US? Risk having warrants issued for the entire board? I can see all the major books flippin Uncle Sam the bird. But Neteller, they could just fold up the tent, and I would not be the least surprised.

When we will know? When GDub signs it into law is the first gotcha. Because it will be law, like it or not. They are going through heavy consultations with the legal folks now. And after Carruthers snatch and grab under the wire and rico act, those lawyers will say, the Yanks can do anything they want, they are out of control. I would rather count on the long time books then Neteller sticking it out.

Best Wishes...OF :howdy:

royalfan · Oct 3, 2006

WVU said:
this is false thinking. While Party Poker, Crypto, and 888, and Boss all shrink dramatically due to not doing business with Americans then Neteller will suffer big time.

The increase is due to uninformed investors trying to short the stock. They are going to be in for a big surprise.

How in the world would uninformed investors shorting the stock raise the stock price? It simply wouldn't, it would make it go down more. What likely happened for the brief rally today, is that some that shorted yesterday bought the stock back today and caused what may turn out to be a temporary spike. To find out the true meaning of this rally, one would need to get the "shorted share" numbers from both yesterday's close and today's close.

milingz · Oct 3, 2006

You guys really don't know too much about stocks, do you? I don't mean that in a bad way...but it's not institutions making the moves right now.

OMNIVOROUS FROG · Oct 3, 2006

royalfan said:
How in the world would uninformed investors shorting the stock raise the stock price? It simply wouldn't, it would make it go down more. What likely happened for the brief rally today, is that some that shorted yesterday bought the stock back today and caused what may turn out to be a temporary spike. To find out the true meaning of this rally, one would need to get the "shorted share" numbers from both yesterday's close and today's close.

Hey, that's what I said.

Best Wishes...OF :103631605

:howdy:

OMNIVOROUS FROG · Oct 3, 2006

milingz said:
You guys really don't know too much about stocks, do you? I don't mean that in a bad way...but it's not institutions making the moves right now.

Really, I don't mean this in a bad way, but how the hell do you know? You working the AIM floor taking orders or buying? 12X volume yesterday? Yes, ordinary blokes are drinking a pint, running down and selling yesterday, buying back today. Just a lot of them. Normally that kind of volume means one thing...

Best Wishes...OF :howdy:

WVU · Oct 3, 2006

royalfan said:
How in the world would uninformed investors shorting the stock raise the stock price? It simply wouldn't, it would make it go down more. What likely happened for the brief rally today, is that some that shorted yesterday bought the stock back today and caused what may turn out to be a temporary spike. To find out the true meaning of this rally, one would need to get the "shorted share" numbers from both yesterday's close and today's close.

I am pretty sure you knew that that is what I meant.

buddyboy · Oct 3, 2006

I got two words for you "short squeeze"

that'll drive the price up.

it happens when a bunch of short sellers try to cover at the same time.

now you boys go have fun gambling on stocks.:toast:

OMNIVOROUS FROG · Oct 3, 2006

Exactly. The arbitragers intend on selling first, then buying back bottom. When they see it flatten out and turn, they all jump back in.

Best Wishes...OF :howdy:

This is more market manipulation than any opinion on what Neteller is going to do. All those knuckleheads that sold off in the stampede yesterday did not gain confidence in Neteller overnight.

buddyboy · Oct 3, 2006

yep, this is no doubt being manipulated.

Someone has made a buy, which in turn forces the shorts to cover which in turn drives up the price and then that someone cashes out and shorts.

da1prophet · Oct 3, 2006

OMNIVOROUS FROG said:
Exactly. The arbitragers intend on selling first, then buying back bottom. When they see it flatten out and turn, they all jump back in.

Best Wishes...OF :howdy:

This is more market manipulation than any opinion on what Neteller is going to do. All those knuckleheads that sold off in the stampede yesterday did not gain confidence in Neteller overnight.

So why is Neteller the only one that's up substantially? Is it just a technical thing?

OMNIVOROUS FROG · Oct 3, 2006

da1prophet said:
So why is Neteller the only one that's up substantially? Is it just a technical thing?

That is an excellent question, I hope I can answer. The others are books, that have already thrown in the towel or plan on it. They have almost zero upside. Plus, if I read the closing numbers right, Neteller took the biggest hit, because of the extra voulme from the arbs. But Neteller could just stick it out, and would have a huge upside swing if they announce they will continue business as usual. The books, well they raised the white flag already. Just following BOS lead. That is my take on it, but that is a lot of speculation also.

Best Wishes...OF :howdy:

If I was not in sports, that is what I would be doing also. Many similarities.

WVU · Oct 3, 2006

da1prophet said:
So why is Neteller the only one that's up substantially? Is it just a technical thing?

maybe because they still have US as customers (for now) as opposed to all the others

royalfan · Oct 3, 2006

WVU said:
I am pretty sure you knew that that is what I meant.

Actually I didn't so I was clearing it up if you weren't sure how shorting works, but it sounds like you indeed do.

Neteller up bigtime in early London trading...

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