Dave, that's a good story....
....for investor's magazines aimed at novice investors, sending them thrills down their spine: "Boy, what I've to consider when buying a stock".
But it is a fairy tale regarding WINR. WINR is poorly performing since February (please go back to my messages 4390 and 4674). That was at a time when absolutely nobody was bashing the stock. Only positive contributions were found on the boards.
In the meantime nothing has changed. The posted expectations were - and I assume are still - too high. I recall:...Lotto in Austria,..adding new casinos,...the reservation of server names in Europe,...the expectations that WINR will roll up the European banking landscape by hiring Dr. Proksch, Mr. Buchel and Dr. Keppeler as advisors....
But the reality is that only a few things happened, i.e. WINaLOTTERY with no follow through. And absolutely none of the investors and none of us can have any idea what revenue WINR can generate in the future (or do you have?). Mr. Skinner only made statements back in January about licensing revenues and gross revenues from the gambling business.
The - I agree more short time focused investors - therefore began to sell. And a stock drops when there are more sellers than buyers. That simple, or...period!...as you usually prefer to say.
I repeat, I still hope that a portion of these expectations will fulfill, therefore I'm holding and even added shares in the last couple of months. Investing into a BB stock means for me that I expect that the stock will increase at least tenfold, not in ten years, but within 1 to 2 years. Otherwise I better invest in Coke, GE, or Gillette.
Profits from a stock sale in Germany are completely tax free if you were holding for one year (LIFO principle!). Therefore I'll think about selling not earlier than in Q2 of Y 2000. I hope we'll have then a clearer picture of the business of WINR!
Regards, Reinhard
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