RE:Who would be selling?-Muted reaction on Kentucky has clearly raised some red flags. Analyts thought that it would add a minimum of $3 to the share price, but that hasn't happened.
-Ongoing devaluation of the GBP, where Skybet gets the majority of its revenues, is obviously a factor.
-Last quarter was disappointing, so TSG is falling hard with everyone else. There are some tech stocks that did well last quarter and they've only fallen 10-15% from the peak, even with the markets taking a dump.
-Russia getting pulled is a big deal. No casino there, and now payments are exceedingly hard to process. Don't let the blind fools here make you believe otherwise, this is a significant blow. Russia was a very large market for TSG.
-Macro events are not helping. The markets are finally realizing that the US president is a complete moron and can tank the global economy with a stroke of his pen.
-Still no deal in the US. Competitors are eating their lunch.
The pros that I see are that KY jelly is resolved and insiders are buying. Tha's it. I need to see several quarters of solid earnings and growth before deciding to jump back in.