GLCCF looks like a good short here,,
At same time a couple of small inet gambling stocks for mo mo tomorrow ,,
GLCCF - GLC LTD
Exchange: NASDAQ
Delay: at least 15 minutes
Last Price: 25 at 16:01 EST
Change: Up 16 9/16 (+196.30%)
High: 26 1/2 at 15:58 EST
Low: 9 1/2 at 9:40 EST
Open: 11
Previous Close: 8 7/16 on 11/30
Volume: 1,561,000
30-Day Avg. Volume: 19,000
Shares Outstanding: 3,517,000
52-Week High: 9
52-Week Low: 0.87
Beta: Not Available
Yield: Nil
P/E Ratio: Not Material
EPS: -7.49
Currency Units: US Dollar
GLC Ltd. Shares Almost Triple on Opening of Online Casino
Gibraltar, Dec. 1 (Bloomberg) -- GLC Ltd. shares almost tripled after its GalaxiWorld Ltd. unit began operating an Internet gambling site.
GLC rose 16 9/16 to 25 in trading of 1.56 million shares, almost 100 times the three-month daily average.
GLC's shares have soared from a 52-week low of 1/2 on July 21. The shares plunged in June when the company, based in the U.K. territory of Gibraltar, said its Internet site would be further delayed. It was initially expected to open April 30.
GalaxiWorld operates the online casino from St. Kitts, a Caribbean island nation. Gamblers put up their wagers in cash, credit cards or wire transfers. The company plans to offer 52 casino games, including black jack and craps.
GLC lost $1.61 million, or 13 cents a share, on revenue of $223,790 in its third quarter ended Oct. 31. The company changed its name from Gaming Lottery Corp. on Sept. 30.
18:05:21 12/01/1998
Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News.
The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P. |
