I ran yesterday 50K between 12.88 to 12.93, after seeing the insiders dumping, I think both of us will be sorry
if the market corrects, I will be back in for 50K plus, I still like it but the Boyd family, selling had me on edge.
SO SOLD @ 12.88 & 12.93 YESTERDAY, DO BOYD SOLD 2 MILLION DOLLARS MORE INTO THIS RUN UP, I STILL LIKE IT BUT SMART INSIDERS ARE SELLING INTO THIS RUN UP.
STAYING ON THE SIDE FOR NOW WITH MY GAINS IN THIS ONE & WILL RETURN AT A BETTER PRICE.
Insider trading often times is not a strong indicator. Technical trading only works in a "if everything remains the same" situation. Trading via guts no more reliable--you have to kill the animal before you can get an accurate reading. People are buying with their emotions rather with logic. People believe that on-line gambling will be a boom. There is no way to know the impact of on-line gambling on BYD. BYDs March earnings report and statement made it look like a great deal at 8. I sold a bunch of puts at that level, and they will clearly expire, worthless. I'm not so anxious to sell them at current price. Yet, it still keeps on going.
My gut, no charts for me, this market is so out of control, do you trust the chimp in the oval office, he will be screwing Oil next, so I got out of LINE paying 8% @ the time, I won't spend what I got, so I am on the side, Only holding 1000 of BYD to stay in the game. Some tax free short term bonds, I have been wrong before but will see.
Good Luck, I have read your posts over the past weeks..