Well .. congratulations to the Pusey's, they have done well and I didn't think we would break, but we did.
My summation and thoughts are
What is obvious is Macquarie and Watehouse massive selling have just been too much for the market to take.
The news from News Corp about BETR, another cash burning business, wasn't good or helpful to BET , this is concerning.
We still don't know who bought or who buying as they must be under the 5% rule.
Unfortunately betting stocks are just on the nose - pokies political talk. stuff at Star casinos ..
On a positive note the
Nasdaq is on tear
US betting stocks are well off their lows ,
Macquarie and Waterhosue are down below the reporting rule so if the selling is done a good bounce is not far.
chairman has shit load of skin in the game
To don't like to be the guy who after the event reveals he sold all my stock at 18.5 once it become obvious 18 wasn't going to hold, although we are here to make money and selling stock you believe in and buying back lower is like booking profits. I bought back half yesterday @ 16. trying to see if this level can hold or it looks like 12 cents.
lets hope the upcoming Quarterly Report will reveal good health and future prospects for the business.
