Time to fold ’em?

I say fraud is a pretty decent precursor to a slide. Getting rebuffed over and over ain’t a bad sign either, but when the company in question resorts to lawsuits because a suitor decides they aren’t worth quite as much as originally thought, you may want to think about folding.

People have questioned whether online gambling is just another bubble. Interestingly, there was a nice expose on the topic last night on CBS’s 60 minutes. All I heard was there was an awful lot of money in the business (which is generally based on tropical islands and the like), and most of it was coming from the US (where online gambling is illegal). Sounds like another export of dollars to me.

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