Serling driving up YouBet stock?

[Grits]

Originally Posted by DerbyCat

There are a couple things I like about Youbet… their growth in earnings this past year, and the fact that they have greatly increased their assets through acquisitions (bought two companies last year – United Tote was one of them)… this is not a stock to hold for the short term (I’m not a day trader, I invest for retirement/profit) but I see potential for growth and gambling is a market that’s not going away. I’m a believer in “Sin Stocks” (alcohol, gambling, tobacco) when there is a possibility for recession - and we flirt with that each time Bernanke speaks these days...

This stock might not be right for everyone, but I’m going to put it in my portfolio…

No gambling is not going away. It will not ever. But gambling on HORSES, is not exactly growing by leaps and bounds, as in new fans to the sport. Fans who put money through the window.

If I were to think about anything regarding investment into gambling, it would be something that involved poker and slots.

As for my retirement, give me Berkshire Hathaway, Microsoft, and the oil companies over anything that involves four legs. They, I think, are more likely to be there when I need them than horserace wagering entities.

[randallscott35]

You would be better off going into straight casino stocks with global reach. Asia, and China in particular with Macau are the fastest growing gaming areas in the world. Another Vegas with bigger possibilites even due to population density over there.

[DerbyCat]

Originally Posted by randallscott35

Look they sold 6.2 million extra shares in December at 3.25. That basically put a ceiling on it near term and dipped it back below 3....If you are looking for a trade and think it could go to 4 sometime this year, I guess it is possible. The United Tote acquisition wasn't a bad idea. But long term, I don't think this stock sees 10 dollars before next decade.

Like I said, I'm planning to hold this stock long term, so I think getting it at $3 is good... my hope is that when the stock dipped to $2.53 last month that that was the bottom and that it's on the rise now - I saw a 1 year projection of over $4 but we'll see about that... It is interesting to see the trend of insider activity for this stock ( http://quicktake.morningstar.com/sto...tocktab=owners ) - this is the first time in years that people like the CFO are buying shares and not selling...

I'm not worried about losing my shirt on this stock, it's just one of many in my portfolio, and it's only 300 shares...

Just my thoughts... thanks for your input.

[randallscott35]

Originally Posted by DerbyCat

Like I said, I'm planning to hold this stock long term, so I think getting it at $3 is good... my hope is that when the stock dipped to $2.53 last month that that was the bottom and that it's on the rise now - I saw a 1 year projection of over $4 but we'll see about that... It is interesting to see the trend of insider activity for this stock ( http://quicktake.morningstar.com/sto...tocktab=owners ) - this is the first time in years that people like the CFO are buying shares and not selling...

I'm not worried about losing my shirt on this stock, it's just one of many in my portfolio, and it's only 300 shares...

Just my thoughts... thanks for your input.

With only a grand of your portfolio in it you might as well hold it. But while I wouldn't talk someone off a horse, I would talk them off a stock. You simply have to ask yourself if you would do better in something else. I would put at least a quarter of your portfolio in a silver ETF if you can't buy the physical. Then 10% in gold....Inflation is out of control in this country and no one realizes it....Government cooks data like its going out of style.