Is there a basket of gaming/casino stocks ( index?) that one can invest it instead of buying individual stocks?
Don't know if it is too late to be long. I recently initiated intermediate shorts in WYNN and LVS and am getting pumelled. Doesn't feel like the longs are on the weak side.
think you are right...Milk more out on the long side I guess. I almost bought MPEL this morning. It is just exploding.
got short LVS today w/ the options on a backspread basis / 115 / 105 looking for a hit out of the park using small capital... see if it trades down tomorrow, would be a nice start...and sell half into monday's open if it's down.... FWIW...not trying to make anybody's mind up for them.
LVS not giving it up just yet...I woulda preffered a gap UP open and then selling it OFF, when we got just the opposite... 122 did get sold aggressively though.
Can anyone explain why LVS and WYNN only go up. Some of these stocks are up over 200% in only a few years. :eek: :eek: :eek: :eek: