neteller stock down big today

[charleslanger]

:money8: BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! BUY! :money8:

 

[dr03]

yea maybe it was that google checkout thing then

 

[AlwaysKeen]

neteller will survive, as will online gambling...

 

[royalfan]

I would take a short position in any gambling stocks at the present time to hedge my career, before buying any.

 

[TrueAirgo]

i heard neteller is being sold to the paypal/ebay group and thats why i assumed it was down

I also heard the same. With gambling becoming a problem in the US, Neteller may not want to deal with the headaches.

 

[sean1]

Why would paypal want to buy neteller?

Paypal just spent 5 years getting rid of gamblers.

A majority of neteller users already have a paypal account...

-Sean

 

[TrueAirgo]

Why would paypal want to buy neteller?

Paypal just spent 5 years getting rid of gamblers.

A majority of neteller users already have a paypal account...

-Sean

Who said that Paypal would use Neteller for Gambling.

 

[sean1]

Obviously they would not, but why would you want to buy a company where that company caters to 90+% gambling clients...

It is not like if they buy neteller people are going to be like holy shit, I can use paypal on ebay

 

[TrueAirgo]

Obviously they would not, but why would you want to buy a company where that company caters to 90+% gambling clients...

It is not like if they buy neteller people are going to be like holy shit, I can use paypal on ebay

Sean,

Another option for a consumer. It's like Visa, Mastercard, Discover, etc. This happens all the time in the business world.

Thanks.

 

[dr03]

maybe neteller was the one they were going to buy the more i remember it

 

[peskypup]

First I need to declare an interest as I have owned $5k of this stock since january, along with $5k of William Hills which - unlike neteller - has been doing very nicely.

Neteller is up 35p today not that that bothers me as a long term investor. My average time period for holding a stock since I started in 1996 is 3 years, some I have held since 1998.

In the short term this stock is a punt on the legislation. Medium to long term it is very unusual for the market to ignore more trivial matters such as cash flow and profits. On these measures Neteller is a strong buy.

In my view it has a strong franchise. As a customer of paypal pre 2002, Moneybookers and Neteller then I can tell you Neteller in my view is the best for speed of funding books and CS when problems and delays arise.

 

[Willie99]

>20% in a week, >7% alone today

not a good sign

Buy low, sell high

It's usually good to fade the hype of the day, especially in the stock market. When stocks are taking a beating because of perceptions or news, they are a good buy more often then not.

 

[WVU]

I also heard the same. With gambling becoming a problem in the US, Neteller may not want to deal with the headaches.

paypal didn't want to deal with it either. They sold out on us 4 years ago.

 

[Wynn]

Ubs Ag

Here is the legitimate suitor for Neteller PLC (C&P from the London Stock Exchange website):



<TABLE width="100%"><TBODY><TR><TD class=marketnews colSpan=2>Regulatory Announcement</TD></TR><TR><TD class=divider colSpan=2></TD></TR><TR><TD class=bodytext>Go to market news section</TD><TD align=right> </TD></TR><TR><TD colSpan=2></TD></TR><TR><TD class=bodytext colSpan=2><TABLE><TBODY><TR><TD width=100>Company</TD><TD title="View detailed price page" width=200>NETeller PLC </TD><TD align=right width=300 rowSpan=4>

</TD></TR><TR><TD>TIDM</TD><TD>NLR</TD></TR><TR><TD>Headline</TD><TD>Substantial Shareholding</TD></TR><TR><TD>Released </TD><TD>10:20 14-Jul-06</TD></TR><TR><TD>Number</TD><TD>2110G</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<!-- Begin announcement content -->


RNS Number:2110G
NETeller PLC
14 July 2006
Holdings in Company

NETELLER Plc (the "Company") received notification on 13 July 2006 that as at the close of business on 11 July 2006 UBS AG ("UBS AG") had a material interest in the Company's shares that resulted in UBS AG holding a total of 4,811,278 ordinary shares representing approximately 4.01% of the issued share capital of the Company.As at 13 July 2006, the Company had 119,919,287 ordinary shares in issue.

Enquiries:NETELLER PlcAndrew Gilchrist, Vice President - Communications 01293 555 726


This information is provided by RNS The company news service from the London Stock Exchange




</PRE>

 

[wolfie_cr]

the future of neteller is in the Asian market, they know that and have been expanding there, lots of people , lots of people that like to gamble there

that's how they are trying to diversify and defuse a potential loss of business from the US

while they would certainly suffer if they lost their USA market they have other areas where they could (and already are) make advances

 

[Fighting_Irishman]

I deal on the deposit end of the business and while I get a lot of deposits from U.S. clients I also get a huge amount of clients from Asia, Canada, Europe and Australia...... Lots of big money too........
FI

 

[kidslick]

>20% in a week, >7% alone today

not a good sign

the stock was at 600 last friday

 

[sunnyblue100]

465.50 GBP , today's closing price.

http://investors.neteller.com/neteller/

it's traded on the london stock exchange. historical high 894 GPB
chart does look scary, 5 times everage volume today.

maybe a short position as a hedge if online gambling is your primary source of income? :smoker2:

Does anyone short those U.K based bookies as well as neteller stock the following day?




another 100 GBP drop, 367 now

 

[SHACK]

The U.S. government could go after Neteller like they have BOS. Neteller could have to pay fines equal to all their profits they made off US customers if the govmt goes after them. The government is on a warpath and they have went after credit card companies and western union in the past when they have knowingly done transactions to offshore sports books. Everyone knows neteller does business almost exclusively with offshore books. I see them in trouble.
From recent events with BOS, etc. I get the sense that there is something going on there. I would not touch their stock.

 

[sean1]

As long as Neteller's execs do not decide to land in the US they will be just fine...

BOS is cooperating because their CEO is in jail. You think any other exec in the business is ever coming to the US again?