Wednesday, May 16th, 2012

Longer-term: Casinos

Wednesday, March 17, 2010 at 2:17 am

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I will be deploying casino positions in my long-term accounts. Charts on all timeframes are telling me that a longer-term holding is the best way to capture the majority of the upside. Take a look at the 10-month and 3-year charts of MGM, LVS, and WYNN.

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Comments

30 Responses to “Longer-term: Casinos”
  1. Hammy says:

    good stuff General Gint

  2. Gunners says:

    do you have a favorite in the sector? charts look interesting

  3. you’re neglecting MPEL… Macau is the place to be if you’re betting on an economic recovery/Chinese gambling/technical analysis

  4. dkinsk says:

    PNK on a pullback wouldn’t be too bad either

  5. Bought $JAZZ small 12.65

  6. closed $JAZZ 12.63 brb a sec

  7. Mr. Cain Thaler says:

    Here, here! MGM to the moon.

  8. moving $zion over to swing acct

  9. DaveO says:

    Casino conference going on right now….WYNN speaking tonight after close MGM tomm

  10. Purdy says:

    xra at 9.26

  11. Bought 3k 5.2299/24 SOMX

  12. Sold 1/4 at 7.82 and other 1/4 7.43 $SOMX . good game

  13. adam says:

    nice trade, too right about only seconds to act… I tried to buy as well but I was messing around with limit orders instead of just hitting the market order when it opened around 5 and it shot up to 6, then 7 before I got started :[

  14. al says:

    holy shit am I glad I didn’t try to pick the bottom in nat gas

    good luck to those who caught the SOMX news

  15. Pissant says:

    LVLT imminent 18 month breakout

  16. Purdy says:

    swing short tsl at 20.89,8

  17. MrBuzz says:

    MGM is the best ot of the bunch. However, no way would I consider buying these here. No rush. Really.

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