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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino

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To: Warner Buffett who wrote ()9/13/1999 10:07:00 AM
From: Michael Greenbay  Read Replies (1) of 2782
 
Just a hint about another internet casino company that are doing increadible well. Ever heard of Bossmedia? It's the company that have the www.casino.com site. You can get more economic information from the www.bossmedia.se site. They posted a profit of 9M on a income of 43M for the first year. Quite increadible! The stock is trading on the Stockholm Stock Exchange. The stock is trading in Swedish krona and it is infact a quite good idea to keep some stocks in other currencies than US$. The Swedish krona have been doing very well lately (better than the dollar). One other issue is that when you trade on the market there it is up to you to report the income from it to the taxman. And off course you do that! Right?

The stock have gone up from 39 in mid June to 123 as of today, but my believe is that it will skyrocket to around the 200 before a down would be expected.

There is a lot of online internet brokers in Sweden with very low commisions. I use Nordnet (www.nornet.nu) and TeleTrade (www.teletrade.se) but also Etrade (www.etrade.se) have open a shop there....

Good luck!
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