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To: Ed Pettee who wrote (5505)	12/13/1997 1:16:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 10368

TA may be meaningless in an artificially manipulated situation like this but for those who are interested, the MACD buy signal is still on for BNGOW and the stochastics are heavily oversold. I'll be holding my warrants until Friday to see if there is a bounce based on this. With the guaranteed tax loss now, the downside for losing another half-point is not as steep, since I have capital gains to offset. Not shelling out extra to Uncle Sam is a small consolation prize. Once we get through warrant call hell, is there interest on the thread for periodic TA updates? I'll be doing it for my own purposes and I'm happy to provide quick summaries and debate with other TA types. Hanging in there.

To: Ed Pettee who wrote (5505)	12/13/1997 8:22:00 AM
From: Ed Pettee	Read Replies (2) \| Respond to of 10368

From the looks of this AM article, it seems that the same question that has been around is being raised again. It does appear that it lowers the emotional level that was raised by the AG and puts the question where it belongs in the courts. I don't understand how a state can ask its citizens to vote on a referendum to allow Video poker on a county wide basis as it did in Nov. of 1994 and now allow a independent group to argue that they are illegal because they are a lottery and lotteries are a violation of the state constitution. I voted in that election for the Video machines. It was my understanding that we were voting for an action that had cleared those legal hurdles and the state attested to its legality by asking every operator to pay a license fee of $2000 per year to operate. I still believe VGM will prevail, however ther will be tougher laws on regulation and they will include a new tax of around 20%. What I am not sure of is whether the license fee will be eliminated as JTO has indicated in his Warrants Discussion or if it will be continued. thestate.com

To: Ed Pettee who wrote (5505)	12/14/1997 2:46:00 AM
From: FeringiTrd	Respond to of 10368

Ruling sought on video gaming >>> One of every five people who play video gambling in South Carolina may be addicted to the machines<<< So, what will they be addicted to if you eliminate gaming machines; lottery tickets? >>>"We've got a hell of a problem in South Carolina with video poker," said lawyer Richard Gergel.<<< The problem is that the industry isn't paying off the politicians enough. >>>Frank Quinn, a clinical director of Carolina Psychiatric Services, said the study shows video gambling addiction likely will get worse as the industry grows.<<< Ahhh, Frank; where are the addicted gamblers going to spend their money if they were to outlaw the machines??????????? (perhaps they will donate more to the church??????) >>>"The most striking finding is that approximately one in five players in South Carolina is now a problem gambler," Quinn said.<<< Look above.................. >>>Among the other preliminary results from the 1,157 people surveyed: One in 20 video gamblers considered suicide because of the games.<<< How many have considered suicide over dealing with their offspring (bet it's higher............). >>>A third spent the last dollar in their pockets on video gambling.<<< More have given their last dollar to teenagers to blow on dope, than have ever given it up to a machine. >>>More than 26 percent played for more than five consecutive hours.<<< Ahhhhhh........ Ok, I admit it, I have played MS Solitaire for over five hours at a time when I first discovered it.......Duhhhhhhhh!!!!! >>>"And we have not even scratched the surface yet," said Cathy Pike, a University of South Carolina assistant professor of social work and one of the researchers. "In my opinion, the only reliable method to avoid a massive increase of problem gambling in South Carolina over the next several years is to prohibit video gambling devices," Quinn said.<<< I g-u-a-r-a-n-t-e-e Mss. Pike that if the laws are reversed; organized crime will move in too fill the void, and they won't pay taxes upon the proceeds. Dave