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CRY may stand for Cryptologic - TSE but it is starting to become apparent that the hype over its new NASDAQ listing is crying downhill. Its stock price is becoming more associated with "Crying the blues" than an internet company riding on the internet wave.
Closed today at $49, down from its pre-Q listing high of $68.

Just a short observation.
I'd hoped the new listing would produce a little spurt before its obvious eventual, IMHO, dying off. O well! So much for short term speculation!!

IKan
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Closed today at $49, down from its pre-Q listing high of $68.

Just a short observation.
I'd hoped the new listing would produce a little spurt before its obvious eventual, IMHO, dying off.
O well! So much for short term speculation!!


This seems to be common for TSE stocks that cross-list on the Nasdaq. They get a big run-up in anticipation of the Nasdaq listing, but then often drift down afterwards.

Mathew
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Don't worry about CRY. It will be back. Fundamentals are strong so even if it takes another quarterly report to convince investors, I'm willing to wait. However, I doubt you'll have to wait that long.

Would have been nice though if we could have got a bang out of the NASDAQ listing though.

Long on CRY.

Timbit
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Fundamentals are strong so even if it takes another quarterly report to convince investors

I agree Timbits, the company is strong all around. Excellent balance sheet, good margins, good revenue growth- an internet based business that actually makes money. Low PEG- I think it is a good value right now. Unfortunately the NASDAQ's recent turmoil has probably masked the debut of the stock, however in the long run, good companies have good stocks. Long as well (since $18 bucks- you people really should listen to me more).

BRAD
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Brad,

Any word on what they might do with the almost $40M USD in cash? They have had a treasure trove for a while now ($30M in March of 99). I think they should either use it to buy something or distribute some of it to you shareholders. That's a lot of cash to just sit in the bank...

Thanks,

Darren
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Don't forget that they can buy back some of their own shares which they have indicated a great desire to do. I agree that the story has not changed on CRY and again the stock slipped a bit on an excellent NR re spanish gamming software that will once again add mega $$$ to thir bottom line. Time will tell.
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