The Market is having a nice day today, the sun is out and the Bulls are out in full-effect. So with stocks moving up, who’s moving down? YouBet.com (UBET) hits a new 52-week low today, their shares are trading around $2.85. When your company hits a new low on a day like this, after a horrible decline in the market, you just have to ask one question? What can possibly be good about being the biggest loser of the day? The answer. Absolutely nothing. YouBet engages in the provision of technology-based wagering products and services for the horse racing industry. Can’t stay away from the tracks, like throwing your money away on horse races? YouBet is your solution. YouBet reported yesterday that it expects Q4 losses to be bigger than expected and lowered its 2007 guidance. The downgrades have become to come in and this horse is being put to sleep. However once a gambler, always a gambler (right Charles Barkley?) and if somehow betting on horses becomes the newest fad, they’ll cash in. But horses also make good glue, and some of that glue should be used to put YouBet back together. But is it too late? The Masters will admit, their website and ability to gamble on horse races is impressive. However does it make sense to be a public company? What can shareholders expect to gain from buying shares? Is there growth? Where’s the value? Maybe if we talk to Mr. Ed. That’s it, he’ll have the answers. A horse is a horse, of course, of course…

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