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Originally Posted by DerbyCat
Actually, it's a great time to buy Youbet stock... they dropped 35% after the Internet gambling law was passed because lots of idiots sold off ALL internet gambling stocks without realizing horse racing sites weren't affected by the law... I did some research on the stock and it looks good so I just put in a buy order for several hundred shares - thanks for pointing it out Steve!
Here's a release about it: http://biz.yahoo.com/bw/070406/20070406005109.html?.v=1
EDIT: The stock is selling for just over $3 a share right now (although the market is closed for the day)... call your brokers! |
AS someone who plays the market and has looked at Youbet, I wouldn't encourage people to buy it. I think its fairly priced where it is and I've seen them dilute the shares with offerings...not a good thing for a shareholder.