Up nearlly 15% today and I beleive there could be more to come.

Evil Knievil has tipped it on EvilCast and has bought in 100,000 worth of stock a notifiable interest. He rates the management very highly and says they are attracting all the big bookmakers to the online casino site including punters the likes of William Hill, Chandler, and Ladbrokes. The company are now running at a profit every month and should break into a yearly profit from the years previous loss very soon. The company also ownes in partnership with a Swiss firm Boss another casino site and by all accounts that is doing well.

Im looking at this one as a momentum play pretty high risk as there are competitors out there but I feel the management will give it the edge.

Please DYOR, and remember you are responsible for your own buying and selling actions.

cheers GF.

i bought dead on 28,199.90 pouinds worth 175292 shares at 16.30 if that helps any :-) at 16p a share

From the other place. Very interesting.

JONNO1 - 28 Feb'05 - 17:52 - 3776 of 3791


theactuary - 28 Feb'05 - 16:10 - 3722 of 3773

Who is CANACCORD, their new advisers?
Based on Canada, does not exactly inspire confidence!

I think you should do a bit of research!
Canaccord is the biggest market maker in Canada and practically runs the whole Canadian market including the major oil stocks as well as the gambling, and Neteller are funny enough a Canadian company, who practically finance every online gambler and casino credit in the world.
As you might have noticed Canada is next door to America, where gambling is illegal, hence they are HUGE in online gambling
It may have also escaped your attention that partypoker, the company SBT bought was ...funny enough Canadian..

LOL

MS

Cluckin bell folks, what a ride you've been on. I first saw this on here when gf posted, read a bit in Shares the other week but then went away for a few days and saw it fall from 9p to 7p so didn't bother. Envious of the profit ride last week, considered getting in but something bothered me, to say there are only 40m shares available, almost that amount has been traded on each of the last two days. Well done to all who have made profit and I hope you are all OK sort or long-term, too volatile for me. I hope the 6.1p trade after the bell is an error!!! Good Luck.

Flabbergasted! Amazed! Intrigued! What next?

OK, we got to 13:00 with the sp zooming up as expected and then coming back a bit to 20.75p; marked buys of .1M; sells 3.9M but at elast 12M lost of that total when the computer couldn't keep up, got confused and returned to zero! Sounds like a gambling stake. This isn't Russian Roulette, is it?

Because of the F!A!I! above, I trawled through the deals: well not quite all as there were 2050 of them! Took a checkpoint at each half hour, as follows with buys, sells and price movement (have a look at the sp chart)

13:30 0.5M buys; 1.3M sells; price -1.375p
14:00 2.5M buys; 1.7M sells; price +0.2p
14:30 0.7M buys; 0.7M sells; price -1.075p
15:00 3.3M buys; 1.3M sells; price -0.875
15:30 1.6M buys; 1.8M sells; price -2p
16:00 3.5M buys; 2.2M sells; price +0.375p
16:30 3.4M buys; 3.9M sells; price +0.25p

So what's the logic? As pretty well throughout the day, buys outpaced sells. Logic says the price should rise: stock scarce; stop the buying; encourage the sellers. First thought in my mind was that one or more of the larger holders were off-loading; in other words, something that would come through as a T when order completed; but wouldn't that be at a particular price. Second thought was that it was a squeeze on short-term traders: with so few shares, each share must be traded several times on average. Third though, a variant on the second, was that MMs are playing a rather clever game, possibly right out of their text books. Price is rising, they are short of stock and the market could dry up with the price too high. So they flush out frightened sellers by dropping the price and these nanas rush to sell before all their profits have gone. They wait until the buying has abated at lunchtime before the ruse is operated. The euphoric bubble is burst. Normality returns.

Any other explanation? Problem is, what about tomorrow? Doesn't the low price attract a wave of buyers back in first thing and they don't have the stock to service it. Surely the same technique can't work again, or can it? Meantime, rather than a shooting star, we have a roller coaster. So hold on tight and don't let go!

Eric

Evils still long according to his lunch time review of his portfolio.

cheers GF. PS, looks like to me that you have been at the end of some MM trickery. Please remember the MMs make their money out of turnover, and it can be buys, sells or a combination of both.

cheers GF.

Watch out for this one floating guys sometime in April, the US equivalent to Betfair, and its legal in the US.

From the Telegraph................

Two-month-old betting firm plans 25m float
By Guy Dennis (Filed: 20/02/2005)


Betbug, an online betting firm that claims to have found a way to bypass laws that limit sports gambling in the US, is planning to float on the Alternative Investment Market with a value of more than 25m.



The flotation plan comes just two months after BetBug was launched. Last month, it recorded bets of $100,000 (54,000). Bankers say the hefty valuation is likely to be seen as an echo of the dotcom bubble.

The boom in online gambling has led a number of companies to look at a flotation. Last month PartyGaming, the world's biggest online poker company, said it was considering a 2.3bn flotation on the London Stock Exchange this summer.

BetBug allows gamblers to bet directly with each other by supplying software similar to that used by music fans to exchange songs. BetBug collects a percentage of the bets placed and claims this allows it to bypass the US Wire Act. The Act prevents companies from offering online sports betting in the US, but does not prohibit gamblers from placing bets against each other.

BetBug is in the process of appointing brokers to handle the float, which if successful would give John O'Malia, the 35-year-old founder who owns about 30 per cent of the company, a paper profit of 7.5m.

cheers GF. There is an alternative way in by buying stock in Waltech on Ofex which owns 20% of Betbug. Price around 38p a share.

I can find no precedent for the astonishing climb of GMC so there had to be a sharp correction sometime: even the highest fliers of the dotcom boom, Redstone and Durlacher, whose market cap. briefly challenged the might of the blue chips, enjoyed a very leisurely ride in comparison, with ample time - about 3 whole days - for those wanting to press the eject button (which I didn't).
For those aboard GMT who are finding the ride uncomfortable, there is on-line stress counselling over at ULT, which seems to be attracting even more punters than on-line poker - maybe they're the same people.
sd.

Its really hard to judge whats going on when the price is as haywire as this....

Take a look at BET, it looks like its doing a GMC did last week... DYOR.

Dipped as low as 13p this morning,back up to 15p now.. Has anyone got anything positive to say about this share,,what about the bid speculation from SBT,, and can this rise again in the short term ??..JB

Been watching you guys from afar! Looks like a quieter day today on sp movement, but going back up now i see.
Still massive vols....

that trading statement reads SO SO badly...it was like a hastily thought out..."i know, lets repeat hitwire and see what happens". so amateur! saying that all the best to those in...don't be greedy.

Have you lot noticed BET this week, up 40% today...

Sorry correct that 51% up on the day alone and went up 20% yesterday... Glad I moved some profit into those from GMC... This whole sector is buzzing...

One of the reasons Bet is doing so well from Growth company Investor last night....................


28/02/2005
betinternet.com - SPECULATIVE BUY
Betinternet, the online gambling group, has had a topsy-turvy year where progress was made but losses were still posted. Having undertaken a strategic review of the business, the company is looking to capitalise on its re-branded pari-mutuel business, Eur.......


cheers GF.

Hi Adieh - yes am watching BET - but everytime I think it has gone too high and that I am too late - it goes up again. Watching this from the sidelines at the moment.

Seems to be doing a GMC, I'm much more wary this time as should have made more on GMC myself, have set a target here and will stick to it no matter what the price is doing... Good Luck if you get in.

Thanks GF well found, might explain some of the rise today but still think that someone bigger is looking and building...

I was in at 6.4p but I fail to see although I am not grumbling that with two domain addresses, No 1 in a hitlist, well any website if attractive can hit that, cost per click, on Broad band at 17.99 a month ghow much can be earned from that (fractions of fRactions of pennies) and one worth 5m how can this share justify being 18p+. In for the ride and holding until 30p then ditch half.

Its not worth anywhere near the present price per share, its just sheer speculation but if thats the game you want to play, money can obviously be made if you keep your eye on the ball.

Watch out for this one now, looks like it could be the next big one........

Today is the first day for GGK 1.925p +0.175p doing its move up
another gambling stock, with cash flow positive at the last results.
Most trades are delayed of 20K or over, so later will show the volume as shares starting to move this afternoon
L2 is 2 v 1 also positive



cheers GF

Goldfinger - what do you think of Betinternet - gambling seems flavour of the week. All the best Fonty