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Non-Tech : eLottery.com (ELOT) / (NASDAQ NM:XTON) -- Ignore unavailable to you. Want to Upgrade?


To: julius kluger who wrote (627)7/24/1999 10:31:00 AM
From: Herc  Read Replies (1) | Respond to of 1266
 
They do seem to have a very well thought out business plan.

The major reason for lack of interest now is that the consensus is that the Kyl bill will ban internet gambling. But, we obviously think this is misinformed. Also the consensus is that gamblers/lotto buyers tend to be blue collar and don't have computers. That may be true for now, but internet access in the future will probably not require computers as we know now.

At any rate, I bought some in the low 3's and am already making money. And any little news will push it up some more allowing me more profits. I'll just be following it closely to decide whether to hold on for the long term. But I think internet gambling will be the biggest internet phenomenon yet.

I might add that I bought some S3 which is buying DIMD. DIMD is a pioneer in MP3, downloading music over the internet. This is yet another internet industry that does not require UPS or FedEx.