To make things clear, I don’t hate poker just because its my second post on shorting a poker stock, btw the first one (PTEK) I posted is down 15% in a month . I love the game and follow it almost as much as I do the market. But unfortunately, all indications for the WPTE are that it is going bankrupt.

Why?

1. They will more than likely lose 3 million dollars on the their season 6 airings. Look at their earnings, ouch!

2. The Game Show Network has opted out of a contract to air season 7 because of the loses in season 6. No TV network (not that GSN is particularly a prime time network) is a death sentence

3. The stocks one year plunge from 4.07 to 95 cents with only 1 up month out of 12 and basically no large volatility and volume spikes says this one is comfortably a short play.

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