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JER Investors Trust Inc. Message Board

deeppurple_27612 8 posts  |  Last Activity: Apr 15, 2014 12:55 PM Member since: Mar 6, 2000
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  • Reply to

    Back In..

    by dabahr2001 Apr 15, 2014 10:36 AM
    deeppurple_27612 deeppurple_27612 Apr 15, 2014 12:55 PM Flag

    Looking like they want to pushi it to 70 today.

  • Reply to

    Back In..

    by dabahr2001 Apr 15, 2014 10:36 AM
    deeppurple_27612 deeppurple_27612 Apr 15, 2014 11:30 AM Flag

    I bet it bounces off the 200 dma at just below 70 sometime this week or next. I have taken a beating on the way down.

  • deeppurple_27612 deeppurple_27612 Apr 4, 2014 1:36 PM Flag

    Here is the sell catalyst:

    Gaming ETF Hits Rough Patch as Sands China Looks at Junket Operators
    By ETFtrends.com8 minutes ago

    The gaming exchange traded fund rolled a snake eyes Friday as Las Vegas Sands Corp (LVS) reforms the way it does business in Macau to meet compliance rules.

    The Market Vectors Gaming ETF (BJK) was down 0.7% Friday. BJK declined 3.8% over the past month and is down 1.8% year-to-date.

    Las Vegas Sands’ Chinese unit is putting Macau junket operators, those who bring wealthy gamblers from mainland China, under the microscope as the company tries to screen against money laundering and other wrongdoing, Bloomberg reports.

    Junket operators, who account for two-thirds of betting in Macau, lend to Chinese players who are limited on how much money they can bring over from the mainland, and the operators collect gambling debt. [Gambling ETF Cools Off]

    The changes could diminish the number of junket operators working with Sands and potentially push away high rollers

    “It is political, it is also financial,” I. Nelson Rose, a professor at Whittier Law School.

    Shares of Sands China declined 1.1% Friday, the largest fall in a week, while the Parent Las Vegas Sands plunged 3.2%.

    Revenue growth from VIPs slowed in the first quarter to 12.5% from 18.3% in the fourth quarter, and Wells Fargo believes the VIP segment will continue to slow, reports Shuli Ren for Barron’s.

    “We follow a proprietary survey of 600 high-income Chinese, tracking sentiment towards the economic outlook. It has typically led Macau stocks and gaming revs,” Wells Fargo analyst said in the article. “Sentiment in March dropped following months of stability and is now well-below November highs.” [Looking for a Recovery in Growth ETFs]

    The Market Vectors Gaming ETF has a 8.3% weight in Las Vegas Sands Corp and 7.9% in Sands China.

    Market Vectors Gaming ETF

  • Reply to

    $11 drop in 3 weeks...

    by wwalker555 Mar 27, 2014 10:05 AM
    deeppurple_27612 deeppurple_27612 Mar 27, 2014 12:09 PM Flag

    The sell catalyst is the poor economic datat from China showing a slow down in the economy there which is expected to cause a slow down in gambling in Macau. Real or not profit taking and shorting has capitalized on several bad PMI readings.

  • Reply to

    We are very, very weak today!!!

    by amaggedon2000 Mar 24, 2014 10:05 AM
    deeppurple_27612 deeppurple_27612 Mar 24, 2014 11:29 AM Flag

    Good day to buy back shares. Oversold

  • deeppurple_27612 deeppurple_27612 Jan 29, 2014 5:09 PM Flag

    He probably said Japan.

  • deeppurple_27612 deeppurple_27612 Jan 29, 2014 4:59 PM Flag

    Yeah, market will be up tomorrow but LVS with a significant profit miss will not participate.

  • deeppurple_27612 deeppurple_27612 Jan 20, 2014 9:09 PM Flag

    That's the good news. Bad news was market share is off 1.6% in January. Wynn's new property will have a bigger impact on growth than LVS new property simply because Wynn has a smaller presence.

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