*CASINO UPDATE*: MGM, WYNN, LVS
Thursday, April 8, 2010 at 11:07 pm
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On March 17, I wrote the following: http://ibankcoin.com/chart_addict/2010/03/17/longer-term-casinos/
At the time of posting:
MGM was at $12.30. Today, MGM closed at $14.73.
WYNN was at $73.63. Today, WYNN closed at $86.23.
LVS was at $20.06. Today, LVS closed at $24.23.
This update is for other long-term holders in casino stocks.
I am looking for a test of $16.89 (Jan 2009 highs) in MGM.
It is difficult to tell where WYNN will end up, so I will use targets for LVS and MGM as guides.
Lastly, I see LVS at around $30.
thanks John
Thanks!
Great to see a few longer term plays from you.
I will post longer-term ideas more often
Bought $ABK 1.15
Sold $ABK 1.16 stalling
Bought $ATLS 37.69
Sold half $ATLS 37.85
Sold other 1/2 $ATLS 37.75
LVLT looking ready if it gets passed $1.65
short es at 1185.50
cover 1185.25
Bought $PALM 5.18
Sold 1/2 $PALM 5.23
Sold other 1/2 $PALM 5.19
rpc 1.05
sold 1.11
Bought $SWK 60.47
sold $SWC 60.43, all cash
PWAV 1.55
sold 1.58
Bought small $CMI 66.24
Sold $CMI 66.21, no patience or follow-through or momentum today
$AIG imminent in one direction or another
$AIG test long 37.97
out test
Bought $AIG 38.04
Sold 1/2 $AIG 38.41
Sold 1/4 $AIG 38.41/42
Sold last 1/4 $AIG 38.40
FRO
gnk …shippers moving
gmr
Got it $AIG 38.57
Sold 1/2 $AIG 38.91/92
Sold 1/4 $AIG 38.81/82
Sold final 1/4 $AIG 38.68
Bought $AIG 38.92
Sold it $AIG 38.95 – initial momentum lost
Small $AIG 39.06, test
test failed out $AIG 38.80/81
rpc 1.26
sold 1.32
FRO at 35.76
sold half at 35.9
pfft @ today – break evens all over the place for me, makes me want to just take the afternoon off
lava at 3.00
out at 2.99
Bought $ABK 1.11
VIT breaking to new highs on good volume…
Sold 3/4 $ABK 1.14
Sold oher 1/4 $ABK 1.14
more FRO at 35.92
sold half at 36.23
the rest at 36.17
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