is anybody holding these shares? don't know whether to call it a day on them or hold on for better results in 2004 with the european cup and the olympics. any thoughts?

Dont hold any but have added to my watchlist as having read their RNS's in the last 6 months this share should move northwards from these levels, still researching and will add more info when I find some.

Thanks for your reply. I'm very new to this game - what are RNS's?

Any ideas why this stock is taking a hit today?

Time to buy back in before the hoards do ?

LONDON (Thomson Financial) - Betinternet.com PLC said it has achieved
profitability at EBITDA level for the full year despite a challenging time for
the gaming industry.
The on-line gaming group said its European Wagering Services (EWS) has
continued to progress well and has a growing customer base.
However, it said withdrawal of Neteller's services from the US gaming market
hurt operations in January and February, while alternative payment solutions
were sought.
Its sportsbook continues to benefit from the new website portal and the two
casinos and fixed-odds games remain very popular. As a part of the sportsbook
enhancement, the company plans to offer betting on UK horseracing within the
next two months.
It is still seeking business partners to launch its white-label services
which it was unable to advance in Russia due to the legislative changes.
Managing director Garry Knowles said the company is continuing to make good
progress and sees further improvement in the forthcoming year due to the changes
introduced during the period along with development of both the sportsbook and
EWS websites.

Back in at 5.30 pence this afternoon. Could bounce back up very strongly from current levels IMO.

betinternet.com launches UK Horse Racing
19 June 2007

betinternet.com plc, the Isle of Man based on-line gaming group, is today pleased to announce the introduction of a UK horse racing service to its website.

Garry Knowles, Managing Director commented: "The introduction of UK horse racing signifies a further step in the continued enhancement of our sportsbook offering and we believe it will widen the appeal of our website within the British Isles. Our developers are continuing to add functionality to this new product and we expect to have a full range of betting options available within the next two months, when our marketing activity will increase ."

http://www.betinternetplc.com/press.asp?article=98

The next set of results are only six weeks away now. The company is doing better than it was doing this time last year at much higher prices! Will be interesting to see how the move into Horse Racing develops. But IMO at these levels there could just be a management buyout. Take the company private at 10p IMO. After all, the share price has been disappointing for a few years.

Good buying after a long, long while today. We had another 100K buy today again after the one last week at 5.45pence. Level 2 has been at 1 v 4 for weeks too which improved to 2 v 3. So finally, after a long while some strong positive movement should be happening in the coming days IMO.

Good buying volume again today inc. a 90k buy at a premium of 5.75p. Level 2 has gone positive now at 3 v 2. Rises should be forthcoming soon IMO.

Looking at the 5 year chart for this stock, there is no sustained growth pattern. There is an ever decreasing spike once a year & then the trend is down.
I watch SBT, 888 & PRTY, but BET looks to be still in difficulty with problems over payment via the internet & also increasingly huge competition from the other big guys.
I would advise extreme caution with this one, but maybe worth a very short term punt, but no more than 10p is the target, imo.

I have a 10p target too and fully agree with your post. Still a 100% rise from these levels.

Finally gone blue. Big rises should be forthcoming IMO.

5.50-6.00p, L2 is 3 v 2.

The price has broken the 50 day moving average which has give a positive signal. Volume building up slowly but surely and IMO no resistance until 7.50p!

Friday showed how quickly this can move with some interest. As many have pointed out this has the ability to turn very quickly and if followed by any significant news flow continue to do so.

As I have mentioned when looking at the figures this is a very undervalued stock and I honestly expect to see more interest this week especially as we move closer to the results where the possibility of a real profit is certainly getting closer.

Analysis of online gambling market:

http://www.screendigest.com/reports/06onlinegam/readmore/view.html

http://www.marketresearch.com/map/prod/1350834.html

Review

http://www.soccerbetting.info/bookmaker-review-betinternet.php

Makes for interesting reading.

Don't forget though, that once the results are out, whether good or bad, the sp has a nasty habit of losing 50% of it's value.
Lock in profit and move on imo.

errmm what profit. The good rises are yet to come. The company has a turnover of 67 million profit and very likely to announce a profit in early September. I know what side of the fence I would like to be in.

You bought at 5.3p, active. If it reaches 10p, that puts you nicely in profit.
'Lock in profit' was referring to your potential gain when 10p is reached.
I am always very cautious with gaming stocks as they have been very volatile in the past, but good luck if you are planning to hold on.