You people never listen to reality. When you see a pump operarion happening you wait 2-3 days and sell the hell outof a large portion of what you own. You can then buy the stock back over 20 % cheaper. Looks like ZN could hit the 4.50-4.60 level next week if there is nothing good concerning MN-3 in Friday's update or if there is no update.
On 3/1 I informed you that ZN was not even back to drilling, that the part had not yet arrived. I informed you the share price was going up because of the presentation. Well, I sold 75 % out at about 5.97. I have 2500 shares left which I will hold, as well as warrants. My friend who lives about 30 miles fom the drill site will be going back there on Monday to see if they are drillng. If there is no oil in MN-3, then I consider the recent spike up a gift from Him.
After the mass over-reaction to innocuos news, LVS is now on its way back. Looking for 46-47 before the end of the week.
Earnings in Macau and Singapore are exploding.Vegas has bottomed out.
Earnings were excellent. Now on Wed, today, on Jim Cramer's program, the CEO will be making an appearance, and he should confirm how bright the future looks for WBC.
As I have always experienced, buying on panic-selling is always profitable. I will tell you that I have talked to 2 gaming analysts today and they both said the investigation will be almost a non-event once there is a settlement; that any fine will be small based on the LVS share count.
My friend who lives in the area, visited the site and there was no activity. He is supposed to call me when he sees that drilling has resumed, because we may buy more. He was told by a worker that the part they need is expected Thurs-Fri, depending on sea conditions.
Therefore, what is going on now is all the result of a very favorable presentation in the eyes of the buyers and also what they call short-covering.
It could be the presentation convinced many would be investors to buy today and there could be more buying on Wed. There of course was a religious pitch to the presentation with scripture references. The fact is, the ship carrying the needed parts has not arrived. Drilling is at a halt. Therefore, what is happening with the share price is strictly from the presentation. Do not think the price rise had anything to do with good news concerning MN-3.
This was an extreme over-reaction. The SEC may impose a fine if there was some wrong doing, but that fine will not even be a dollar a share. Remember Goldman Sachs-settled with SEC for doing something 25 x's as bad as the allegation here and settled for what amounted to be a slap on the wrist.
Business is doing very well. Vegas bottomed out, Macau is doing great, Singapore is doing great. The stock even got an upgrade today from Credit Swiss. The fundamentals are very sound and LVS is a double in 2-3 years from here.
I bought today and will be buying more, esp if LVS trades above 44.25.
ZN is a droppen. A close below 6.87 any day in the next week or so will send it back to low 6 area and then it will work its way to the 9.00 area. The 1/8 update will be more of the same and add nothing positive. Promises,promises.