I agree that $104 is a long way off and it may take another 18 months to get back to that level. But that doesn't change my view that we're at a bottom here based on numerous factors, so it's highly unlikely we'll the stock drop more than 3 or 4 percent below where it is now. We should see high 80s to low 90s by October.
The chances of XOM dipping into the $70s are extremely low. I look forward to returning to this thread in 6 months to find that you were dead wrong. Your bearishness is nothing more than wishful thinking by someone who foolishly shorted the stock.
Sorry, dolf.nacht, but there's nothing bogus about this dip. Macau is experiencing a serious decline in business, and WYNN is bearing the brunt of the downturn. Your notion that Steve Wynn can single-handedly protect the price of his stock from falling below a certain level is absurd. As I said in an earlier post, if the stock dips below $80/share (which I hope it doesn't), the company will be very vulnerable to a takeover, no matter how steel-hard Steve Wynn's balls may be.
Colin Gillis is perennially negative on Appl, and his projections have been proven wrong time and time again. Why CNBC chooses to keep inviting this clown back to trash talk Apple is beyond me.
Nice to see WYNN rebounding nicely today. Let's hope this is the beginning of a trend. I would much prefer for Steve Wynn to remain in control of his company.
You forget that Steve Wynn lost control of Mirage Resorts back in 2015 when bad management decisions led to the collapse of the stock price, and MGM swooped in and bought the company. The same type of thing could happen again if WYNN stock sinks below $80/share.
The company should be buying back its stock at these prices.
Have you ever heard the expression: "A fool and his money are soon parted"? Apparently, you are the fool!
Dennis Gartman is the quintessential "know it all" who loves to pontificate with utmost confidence and certainty, but is wrong far more often than he's right.