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Old 10-06-2006, 12:48 PM
olivert olivert is offline
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Join Date: Jan 2006
Posts: 1,070
Default Re: World Poker Tour Supports Bill!

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Do you recommend buying their stock?

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The Security and Exchange Commission will NOT allow me to answer that question, as I am not a registered investment advisor.

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So I'm concerned here: I have actually discussed whether to buy certain stocks with my father, and he is not a registered investment advisor. What kind of jail time is he looking at?

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I am a member of the media, and I specifically write about the entertainment BUSINESS.

Everything I write regarding the BUSINESS of entertainment is monitored by the Security and Exchange Commission (SEC).

Because I am not a registered investment advisor, I cannot make specific stock recommendations.

I can only say that as an individual investor myself, WPTE is a much more interesting company to me as an individual investor now at $3.50 a share ($70 million market cap, with $40 million in cash on its books, plus its political connections in Macau and China) than when it was at $30 a share ($600 million market cap).

For the record: I have never owned, traded, or shorted any WPTE stock or any derivative financial instrument (options, futures, etc.) that is based on the value of WPTE stock.

That will be all I can say without getting into trouble with the SEC, which obvious holds me to a much higher standard than what the standard that applies to your relatives.

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