Bonusgeek wrote:
Depending on how low some of these stocks go, this may be a great time to buy. One thing I know is this will not be permanent. It might be a few years down the road, but it will be legal and regulated in the usa one day. And these companies are worth billions, they are not just going to close the doors. They will keep the money coming through the door somehow and I might try to capitalize on this low. Imagine if by some miracle the bill does not get signed. Slim chance but I see oppurtunity here. I think worst case scenario is I have to wait a few years for the score. Only thing is I don’t know how low it might go. Any thoughts?
I’m not sure as if it is the good time to buy, even at this low price.
I’m watching the stocks and it’s a carnage… PlayTech is also down at 55%.
Basically, online gaming companies lost 2/3 of their value in one day. One thing to say: the US gov has again done a great job at destructing things.