January Effect 2007 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2007

IWM 247.32

+0.9%

4:00 PM EST

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To: RockyBalboa who wrote (70)	1/17/2007 8:33:56 PM
From: Q.	Read Replies (1) of 94

ESY.TO news - looks like they were spooked by recent arrests of executives of competitors. Well, nobody said there weren't some ugly stories to be found in these beaten-down stocks. Luckily it is by far the smallest of my positions. CITADEL COMMERCE SHUTS DOWN FINANCIAL PROCESSING FOR NON-DOMESTIC INTERNET GAMING MERCHANTS FOR USA CONSUMERS ESI Entertainment Systems Inc.'s subsidiary, Citadel Commerce Corp., effective immediately, will no longer offer financial processing to non-domestic Internet gaming merchants for U.S. consumers. The company was looking forward to complying with the new regulations for financial processors under the Unlawful Internet Gambling Enforcement Act of 2006, passed on Oct. 13, 2006, but this decision was made by the ESI board of directors in the light of recent U.S. Department of Justice enforcement actions against financial processors executives.

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