I got lucky and have no complaint about that.
I hope that the company does not buy back shares merely to assist those who want to sell. My opinion is that buybacks should occur only at low prices (whatever that means) that benefit the shareholders who do NOT sell. The attitude should be to get shares as cheaply as possible in the buyback to reward as much as possible faithful shareholders.
Not only did you understand, you made the right call. Just didn't think this one would hold going into earnings. I was even trying to short yesterday, but (luckily) couldn't get the shares. Good luck to you.
that's excellent advice mmoney, too bad the person you were giving it to didn't understand the concept. Chances are greater that the stock will fall after earnings, rather than rise, IMO. I love selling calls and rather give up some upside for the protection they offer.
I missed my chance years ago when byd was selling at 4, might dip my toes in soon, but will be selling calls when I do. even if that maroon had followed your advice today, by the closing #'s, he could have a 13% return if the shares closed at 10.01 on the 15th.
All the gaming names were up yesterday, and now all (with the exception of LVS) are down today.
They move in synch with each other lately.
If oil is up today (I don't know), that could be driving them back a bit.
IMO, BYD will trade as low as 5 and no higher than 12 until the world believes that Las Vegas can digest City Center, Fontainebleau, Cosmopolitan and Echelon. And this doesn't include new towers at Caesars, Palazzo, Hard Rock, Planet Hollywood, Gold Nugget, South Point, and on and on.
I intend to buy more BYD over the next year. But I won't buy until it goes below 7.