Posts for Ticker ‘UBET’

Russell Rebalance Included Many Cult Stocks (CBOU, DDRX, OPWV, STEM, UBET)

money-stack-imageThere are some interesting cult stocks which have recovered so much that they are being added into the Russell 3000 Index when the index gets rebalanced and reconstituted at the end of this month.  Some of these are new entirely and some of these have been booted off of the Russell 3000 Index before.  We have given some  detailed color and insight on the following cult stocks: Carribou Coffee Company (NASDAQ: CBOU), Diedrich Coffee Inc. (NASDAQ: DDRX), Openwave Systems Inc. (NASDAQ: OPWV), StemCells Inc. (NASDAQ: STEM), and Youbet.com Inc. (UBET).
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Posted on: June 19, 2009 – 11:26 am in Cult Stock, Index, Mutual Funds, Trading Alert, , , , ,

Youbet.com Files To Raise Cash (UBET)

Money_stack_pic_4YouBet.com Inc. (NASDAQ: UBET) has just filed a mixed shelf registration with the SEC to allow it to sell securities to raise capital.  The securities listed are any combination of common stock, preferred stock, stock purchase contracts, stock purchase units, warrants or rights.

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Posted on: November 26, 2008 – 4:39 pm in Entertainment, Secondary Offering,

Online Poker Protesting May Highlight Few Shares (CRYP, GIGM, UBET)

We have noted several stocks in the past for online gambling repeals that would benefit if online gambling bans for U.S. citizens were lifted.  Among these that trade in the U.S. are:

Cryptologic (NASDAQ:CRYP) is sort of the pure-play  stock that traders would look at that trades in the U.S., although the former Canadian company moved overseas closer to its European client-base.
Taiwan’s online gaming software company that traders look to is GigaMedia Ltd. (NASDAQ:GIGM).
YouBet.com (NASDAQ:UBET) is one such company, although it too has had issues in the past.

The Poker Players Alliance is petitioning Capitol Hill this week to repeal part of the ban on online gambling, or at least for online poker.  The alliance apparently represents 800,000 poker enthusiasts and is looking to get poker put in the same exemptions as online horse racing, lotteries, and fantasy sports.  This follows a move by Congressman Barney Frank which we covered earlier this year, and his efforts are apparently gathering more support.

Interestingly enough, playing poker online is still done regularly and legally.  But processing payments is the illegal part for U.S. citizens, and the laws currently allow the government to go after financial institutions that facilitate such payments if they process online gambling payments for U.S. citizens.

In the U.K., stocks like PartyGaming Plc and 888 Holdings Plc are two of the online gambling companies that would benefit from a repeal in online gambling for poker.

It is probably far too soon to make bets, no pun intended, on how this turns out.  Even if the puritanical ban ends up getting repealed, it is not something that will happen overnight.

Jon C. Ogg
October 23, 2007

Posted on: October 23, 2007 – 6:43 am in Casinos, Entertainment, Regulation, , ,

The 52-Week Low Club

Georgia Gulf (GGC) Chemical producers out of favor. Falls to $12.23 from 52-week high of $28.65.

TOUSA (TOA) Home-builder. Drops to $1.17 from 52-week high of $11.37.

Youbet Com (UBET) Horse-racing gambling Web site disclosed that the U.S. Immigration and Customs Enforcement agency has obtained a warrant to search its HQ. Drops to $1.41 from 52-week high of $4.54.

Inphonic (INPC) Online seller of wireless devices recently replaced CEO. Down to $1.86 from 52-week high of $14.49.

Mobile Mini Inc (MINI) Portable storage company has bad day. Down to $21.46 from 52-week high of $33.65.

Douglas A. McIntyre

Posted on: October 10, 2007 – 3:07 pm in HI/LOW, , , , ,

New 52-Week Lows (July 20, 2007)

STOCK TICKERS: ABK, ACA, BZH, LEN, DHI, RYL, CC, BX, FIG, FINL, HGSI, HSY, HW, JNY, NLS, REDE, TRMP, UBET, TZOO, WB

The DJIA may have hit 14,000 earlier.  A pullback here, some bad news there, and all of a sudden there are still many little piggies being sold off.  Here are some of the main stocks hitting 52-weeks lows today, and it is even an edited-down list:

AMBAC (ABK) $80.05
Whoops, insuring and guaranteeing debt.

ACA Capital (ACA) $6.40
Yep, still no word out of the company yet.  Trading and guaranteeing CDO’s and derivates isn’t what it was cracked up to be, and we still don’t know their real situation.

Beazer Homes (BZH), Lennar (LEN) DR Horton (DHI), Ryland (RYL)
One of its comps calling for crummy to 2009…ouch.

Circuit City (CC) $13.63
You knew this one wasn’t bottomed out yet.

Blackstone (BX) $25.95
Schwarzman isn’t responsible for this added drop, but he’ll do for the blame.

Fortress Inv. Group (FIG) $22.28
This hedge fund, boy…are they in private equity and CDO’s?  Not an intraday low, but its lowest close.

Finish Line (FINL) $7.88
Glad I removed it from the BAIT SHOP of buyout candidates when I did, this one must have 10 piggies in each of their shoes.

Human Genome Sciences (HGSI) $8.61
Maybe genomics is such a 1990’s term.

Hershey (HSY) $47.84
This one was very overvalued for something you eat, so it squirts.

Headwaters (HW) $16.43

Jones Appareal (JNY) $26.62
Weren’t these guys supposed to sell out?

Nautilus (NLS) $9.14
When will a growth exercise and fitness company that warned be touted as a value stock?

Redenvelope (REDE) $5.05
Still don’t know anyone who has used this online e-tailer.

Trump Entertainment (TRMP) $9.50
The Donald’s casino operator can’t find a bottom without reaching under his back.

YouBet.com (UBET) $2.04
Bet this one isn’t done?

Travelzoo (TZOO) $23.00, prior intraday low was $23.16; high was $40.00+.
Online travel carnage continues….maybe France, Hong Kong, and Japan aren’t worth it.

Wachovia (WB) $49.98 close..prior 52-week low was $50.32.
Banks, they need someone to "Watch-ova-ya"

Jon C. Ogg
July 20, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 20, 2007 – 3:38 pm in HI/LOW, , , , , , , , , , , , , , , , , , , ,

52-Week Lows (July 13, 2007) (ACA, AVAV, IDIX, KERX, NKTR, REDE, STAA, TRMP, UBET, WON)

Stock Tickers: ACA, AVAV, IDIX, KERX, NKTR, REDE, STAA, TRMP, UBET, WON

The DJIA & S&P 500 Index may have put in new highs today, but as you know there are always a dingy group of little piggies putting in new 52-week lows.  Some companies are poorly run, and some are just victim of circumstance.  Maybe they can just all blame Friday the 13th.  Not all of these are definitely CLOSING on 52-week lows but some deserved the honorable mention.  Here are today’s little piggies:

(ACA) ACA CAPITAL HOLDINGS… Giving it up again, down 50% from Highs.  ACA provides financial guaranty insurance products to participants in the global credit derivative, structured finance capital, and municipal finance capital markets.  You think subprime or CDO blow-ups snuck into their pocketbook?

(AVAV) AEROVIRONMENT INC… Shares traded down another 2.4% and traded down into the ‘teens’ for the first time since its IPO in January.  No one realized that its flying re-con plane was needed to find stock buyers rather than enemy soldiers over the horizon.

(IDIX) IDENIX PHARMACEUTICALS… Whoops, FDA halts Hep-C trials. Ouch!

(KERX)    KERYX BIOPHARMA… no real news, just days and days of weakness.

(NKTR) NEKTAR THERAPEUTICS… no real news, just days of weakness.

(REDE) RED ENVELOPE… no real news, although for an ‘online of high-end gifts’ it is pretty shocking that I have yet to meet anyone who has bought from them online.

(STAA) STAAR SURGICAL… very thin volume, no news; not being run by stars?

(TRMP) TRUMP ENTERTAINMENT… The truth is that this DIDN’T CLOSE on a low, but it hit a new since coming public after the recapitalization in 2005 and deserves to be noted.  Hopefully The Donald won’t sue us for saying something negative like he has been known to do, but this stock has been a stinker.

(UBET) YOUBET.COM… You can bet it is hard to find bulls or bears in this name.

(WON) WESTWOOD ONE INC… This was down close to 15% at one point but managed to come all the way back on 4-times average volume to a 10-year ("TEN") after traders bought it back up after Citigroup downgraded it.

Jon C. Ogg
July 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 13, 2007 – 3:03 pm in HI/LOW, , , , , , , , , ,