[Shoe]

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there's not even assurance that people will switch back to party if the legislation is overturned

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But the stock would surely spike if the legislation was overturned. After the intitial spike, it would be up to you to determine if the shares are worth holding onto or not. Being the poker players we are, I think we would have the best knowledge as to how party would be doing in this hypothetical scenario, and be able to decide for ourselves if the stock would be worth holding or not if the legislation is revoked.

That being said, I also believe it will be fairly obvious on these boards if the legislation has a serious chance of being revoked or not, and if it does, we should have ample warning time to shift our money into the gaming stocks to reap the rewards. The same was true looking back at when this legislations was passed, we had a few days while everyone was panicking and trying to write/call their legislators to vote against the bill.

Another example is when Party split away from Empire. We had that knowledge here hours before the press-releases and before the markets fully-reacted. If you were online and active at that time (and had the available funds), shorting empire was astronomical. Even if you found about it a day later you could have shorted and continued to ride the wave down.

Unless you think Party is currently experiencing high growth (I have not been watching them so am not sure), I would suggest holding until you here of a legitimate possiblity of the legislation being revoked (keep an eye on the poker legislation forum).