The casino stocks have seen parabolic move.......that is not sustainable, nor justified.
Now that they've sucked all the FOOLS in, it's time for these bloated stocks to get a dose of reality.
See you back in the LOW 140s.
I wonder what this LOSER'S background is.......probably runs a hot dog cart or on unemployment courtesy of PBAMA.
It's basically retracement.
Don't fight against this bullish trend.
Just adjust your stop wisely. The one recommended to my subscribers is currently @ 148.7 which would lock a 10% profit in 7 weeks. WYNN benefits from a strong management team.
Daniel @ Tickerselect
I will take the other side of a parabolic bullish trend all day long.........because parabolic moves are never sustainable.
They are the result of irrational exuberance.....and that ALWAYS ends in financial ruin for longs that hang on too long.