PRTY - It's consolidation time!

Article in todays Sunday Observer: -

Jim Wood-Smith, head of research, Williams de Broe

PartyGaming

'With the global economic outlook even more uncertain than usual, I have chosen a stock whose fortunes are not dependent upon a correct guess of the next move in interest rates. There are also very few shares around at present that give the opportunity to return multiples on your initial investment over a relatively short time. PartyGaming stands out, though with the substantial caveat that it is hugely risky. However, the value of PartyGaming has been caned since the US introduced legislation that effectively barred internet gambling in that country, and the share price reflects neither the growth potential of the remaining markets in which PartyGaming operates nor the possibility of the legislation being reversed.'

I wish I had the strength to hold these for a year, but I fear I will be selling next week!