Earlier in 2014, I read a data point that suggested a massive wave of retail investors that arrived on the scene in China. There was a week in which 7-8 million brokerage accounts were opened. This was in March or April if I recall…right at the point that the Shanghai made its second wave higher from its 2014 lows.
The renewed interest in stock market speculation cleared the casino floors. While the Shanghai was at lows 2 years ago, $WYNN, $MPEL and $LVS were at their highs.
With all the talk of Chinese investors fleeing the scene, this may present an opportunity for the Casinos, providing investors are leaving the bucket shops for Macau.
If you enjoy the content at iBankCoin, please follow us on Twitter
Been long WYNN since November and traded successfully around the position.
My longer term thesis is MOAR water for Vegas in the short term (wait till all the Vegas is saved stories come out in the spring) & legalized gambling in Japan.
Wynn as a long term investment at these prices is a steal
That’s what Steve said.
Bought SLCA & URTY
Noc- what’s ur target on your crude short?
I will cover some at 35, most at 32, all at 28 and load the boat long.
Looking at oil for the end of the day. Just a trade.
Clearing the decks of my low conviction crap that’s been accumulating. It feels wonderful.
Ah Hello, Casinos in Macau worked because everyone was using their ATM Machines to move money out of China. Chinese Govt closed that activity down last year. With the Yuan dropping in value, the foreign investors are leaving in groves too. So no interest in Macau at all.
Cool.
The stocks are up today though.
Should Fade into the close. USD/CNY won’t get that 20 billion tonight imho.
BTW did you notice lol, WYNN topped out about the time the SPX was retesting that SPX 1755 level in Feb 2014 that I still think should have been the market top for everything besides WYNN, and lol you mocked.
Mocked? You?
Observations:
My KMI telling me Natgas wants to break out … still in its range. I am slightly short Natgas
My portfolio is higher now than 10am. +.65% vs .5% primarily short oil, short long bond, long mean reversion divvy payers: WYNN,KMI,WMT,PNC,IBM,AAPL,HFC,QCOM.
Started position in SBNY @145.10. Like northeast regional banks going into the spring
That’s all I’ve done today in addition to fantasizing what trading nymph looks like. T.N., please take that as a non sexist compliment. I love Bjork…..
Nocturne..When I first came here, I posted my real pic. Jake said I looked like Bjork, which I thought I looked much prettier then. I had to switch out my real photo when a troll was threatening me, I figured Bjork wearing a white swan would be perfect…cuz I have been waiting for my black swan. Someone told me I looked like Janet Leeves too..which I don’t see either.
Big Time Sensuality – Fav Bjork song.
I present to you the 2008 analog. Notice any similarities from last 3 or 4 trading days? (hint: the price action is the same) If we’re not down substantially tomorrow then new ATHs are on deck. That’s how important I think tomorrow is.
Whoa! HUGE call!
Haha. I just think this week sets the tone for the month and the year. To bounce here does a lot of damage to the bearish thesis. It needs to play out like 2008 and continue down substantially here IMO.
Good to throw that out there now so you get credit for the timestamp.
So now 3 similar trading days make an analogue? Can someone please call a mathematician?
I could not bring myself to add any hedges, full stream ahead.
Short oil Natgas & bonds
Long select dividend stocks