New 52-week highs are going to be a long way off. Out of favor stocks/industries never bounce back as quickly as they sell off. I still like the gaming companies long-term (I own both MGM and MPEL), but it's going to be awhile before they even approach their 52-midpoints, much less highs.
BTU yes a ton of debt and on a down trend BUT with the news out late today on Coal royalty of 12.5% for all exported coal we are talking huge bucks especially if its back dated. Could send it from 8.55 to 15 real quick keep it on the radar.
Nice move. I like. Don't chase if it goes up more. Should have a nice dip this wk. 45 k in a wk isn't bad. ;-). I missed it but I'm up big on some others. Gotta bank some of the profits though just to be safe. The only other thing you can do is what I'm doing in RIG and that's just buying a few puts for protection. But I think mgm being up as much as it has will be a victim of headlines again this wk. Hope we get a chance to do it all again lol. Now go buy your wife a BMW for Xmas
So worse case scenario if these go to zero, i will only make roughly 30% on my two MGM trades but I am inclined to believe that these 20 puts i just bought at 70c are going to make me some nice change.
Holy wowzaz, they are not high at all bro. Just bought jan 20 puts for 70c. The 19's are 44c. The 20s are much more appealing to me. I bought the 19's for 88c and sold them the next day for 1.88. Now i bought the 20's for 70c. This drops to 15-19, I bank. I am expecting a hard fall in jan for all stocks, esp ones in trouble like MGM.
1. SOOOOOOOOOO Glad i sold my puts the next day after buying them and making 100% profit. And glad I haven't jumped back in yet but........... I am LOVING this opportunity to buy the $19 puts again before the close today. Today is triple witch opex so that's why we're seeing these crazy moves imo. Time to buy puts again. $19 jan's.
everything is up dude. Take your profits because if Macau rev crash another 20% this month it will be at 17
IDK why you guys hate my calls OAS up $6 RIG up $4 AA up $1.. So easy to make money AKS position has killed it last three days.
If it's not KK or Carl I buying in or something to that extent it could be an actuall LBO in process.
My guess we will know within a couple of weeks tops.
just sold the Jan calls I bought on Wed for a triple, re-investing the proceeds in June calls which are very cheap for the extra time
Sentiment: Strong Buy