Did anyone get in on BYD? I mentioned it about 6 weeks ago. Online gambling
CZR jumped from 8 to 14 in 2 days. BYD has a 30% short position. In a reuters article yesterday, an analyst said. ,the Borgata hotel which is owned by BYD," will gain the most from online gaming, online gaming is worth 3 dollars a share added to the current price today."
With all the shorting 50% since the news came out, trying to keep the price down so they can cover and avoid a squeeze, the price has only risen 10% yesterday. This stock could be over $10 by Friday as new money comes in, upgrades are possible, and shorts cover.
Analysts call online gambling in New Jersey, "a game changer". It will be worth 1.5B in profits over next 5 years. On top of that, BYD reports earnings on the 20th. Las Vegas gaming revenue was up 40% according to Neveada gaming board.