PainterPoker (20.02)

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DragonLZ: Take a look at PTEK (PokerTek)

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February 23, 2011 – Comments (5) | RELATED TICKERS: PTEK

And tell me it's not going to explode based on it's graph and volume (if you can?)

Could you please tell me what you think I would much appreciate it.

Thanks!

5 Comments – Post Your Own

#1) On February 23, 2011 at 12:05 PM, cecamadocv1 (100.00) wrote:

I know your not asking me, but I will tell you this, Electronic Poker tables are a COMPLETE FAIL!

Sounds like a great idea, but its a horrible idea. I am a poker player and I rarely if ever see anyone sitting on those tables. If I do, its usually some old lady.

Maybe this might explode because idiot buyers might buy this, but this company will NEVER, EVER make a profit... EVER!!!

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#2) On February 23, 2011 at 12:23 PM, cecamadocv1 (100.00) wrote:

EVER EVER!

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#3) On February 23, 2011 at 12:50 PM, dragonLZ (82.97) wrote:

PainterPoker,

I took a look at PTEK, and I'm sorry to tell you it doesn't fit my typical volume story profile (if that's what you were looking for).

It also seems that this stock is constantly making lower highs, which is not a good thing. It had a spike in volume in April of 2010 when it went up to $1.50, and had another spike in October when it went up to only $1.20. It's at $.75 today. Not good.

With this I'm not suggesting this stock might not be a 10-bagger for you (I hope it will), but I personally don't like it at this time (which doesn't really mean anything).

Having said that, I hope I'm wrong (it seems like you already got into this stock), and I wish you best of luck.

And thank you for the shout out. :)

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#4) On February 23, 2011 at 2:14 PM, PainterPoker (20.02) wrote:

Thanks a bunch man. I'm not currently in this stock and I think I'll wait for a better opportunity. I was interested because the graph line would spike in price and volume then settle like you said in April and October. I thought it might be poised to pop again soon.

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#5) On February 23, 2011 at 2:23 PM, PainterPoker (20.02) wrote:

I think the popularity of the machines will increase though as the technology is perfected. The machines skirt currrent laws around class 1 games and make poker a class 2 which is acceptable in many additional casinos like here in Madison.

(BUSINESS WIRE) Dec. 13: "PokerTek, Inc. (NASDAQ: PTEK) today announced that it has installed eight PokerPro® tables at Ho-Chunk Gaming in Madison, Wisconsin. The property now features Madison’s only full-service poker room in a newly constructed, state-of-the-art setting."

But no, I havn't tried them yet. To be honest I don't really want to play on an electronic poker table. I'd rather play online or go the full service casino 45 minutes away. But things are a-changing and why not eliminate the dealer and have instant shuffling, no mistakes, etc..

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