So question is, will there be a "bottom is in" rally? Or does the market freak out on a bad GGR number because of concerns about new supply coming online In a couples months?
One thing is certain though...we will defiantly see a panic "bullish" note from Sanford Bernstein per usual with a "half glass full" theme as has been the case with Sanford Bernstein each and every month GGT had declined since 2014.
I'm neutral for the record...been very happy to trade these names over last several weeks. I'm good with up or down.
lol, hilarious to see the entire "sophisticated" market ignore necks me neck polls and instead position their clients money based on the odds of the Brexit bookmakers. Can't make this stuff up.
Shorted Wynn heavy out the gate when they juiced it to 99....made what 1% per hour. Who were these guys trying to kid? Wynn down 2% on brexit day? It was like free money going short on that AM pop. I never want this macro volatility to end. Makes for some amazing trades.
It's called a black swan azzzzsqueezer.
If you saw the big picture you would have been focused on cash preservation while markets will whistling Dixie up to new al time record shattering highs seemingly able to shut out any and all noise.
I used said cash to go heavy short WYNN on the juice up to 99.25 yesterday morning. Lol, just made more money in 7 hours then you made all year. Wynn is a stock that could get hammered after that 102% 60 day rip. But I'll take the 8% for now.
I wound to be surprised to see Manny P and the gang take some off the table and hedge thee bets while it still has a half a $ billion valuation. This could go to zero.
It would seem prudent under the circumstances. I'm really curious about how EPR responds to all of this as well.
gotta wonder if they slow down construction now as well. They have no credit facility, so KH is by now spending the cash they put into it with the rights offerings....not to mention the $50 million at $35 pre-reverse split.
I think that guy just ran out of money. The overall market looms large! Still sitting at all time record shattering highs. Interesting. Will we blast through to even higher all time record shattering highs?
Yup! I saw that statement from Genting. I gotta think that, give. Their endorsement of the resolution, tables games at resorts world is on the table...no pun intended.
And again on daily fantasy....took what...47 years to get a casino referendum on the ballot? They pass daily fantasy in light speed after AG says it's a game of chance? This state is unreal. Makes me sick I pay taxes here.
LOL the Catskills are cursed! I'm convinced of it now.
CN - you think the resolution by the mud legislature will affect EPR's ability to obtain financing?
Wow this is nuts. I mean....even if the referendum fails, the damage is done. Who the hell would want to risk a substantial amount of money on a casino in the crosshairs of not only North Jersey, but also its own state government! Insane. And then they threw some dust in the eyes with the daily fantasy on last day of legislature from John "I'm for sale" bonacic. What a sleeze bag that guy is. Watch....head of government relations for Fan Duel in 2-3 years. He def just secured his post public sector gig.
NyS strategy here could backfire if NJ voters resrnt the threats and the meddling. Unreal....what a soap opera....cursed land of the catskills.
U.S. Market overall is incredibly "resilient" as global socks crash 5% this week. Interesting!
Interesting! I am gonna grab some popcorn and see how this plays out.
I get eg while contrarian thing...you sorta expected the market to be resilient today....but at a certain point....with indexes a smudge below all time record highs?????? Ehhhhhh.....
Today sincerest case and point. Global sell off? Yawn...
Major European banks rolling over? Yawn
3.5% surge in Yen? Yawn
Brexit polls favoring exit? Yawn
Poor Chinese data? Yawn
Record negative yields signaling global recession? Yawn
Oil down another 1.5%? Yawn
I'm gonna take a back seat for a bit. I'll let eg Heros try and ignite out this market this summers. Happy in cash for a bit.
Man...they stock just levetates and levitates seemingly ignoring any and all macro news. It appears to be immune from both Macau noise entirely.
I still don't think the analysts have it right on Wynn palace. Personally, I think with expectations this high it will he a disaster. Wynn is a high end brand and all he is offering is high end amenities for budget minded mom and pop tourists, with high end retail and restaurants. Is Wynn going I support that high end $4 billion behemoth with 250 tables filled with mom and pop tourists? I just don't see it. Not for nothing but Wynn Boston is delayed at earliest now 2019. By then the Indians will have more casinos operational And Vegas (or entire economy could be on a downturn with an expensive upgrade to the property in process.
Haha! You gotta be kidding me. I handy looked at the filing yesterday because I haven't been trading the stock. Wow! Lol these Guys are gonna own 97% of the company before they build it. So typical they juice it up as the financing falls apart behind the scenes.
does NYS have a freaking clue? The DFS bill was bad timing to say the least. The 7 year exclusivity structure they decided on sure doesn't look to be installing much confidence in prospective lenders.
Regardless of the impact DFS or online poker has on the casinos, it's husband policy, horrendous timing, as basically just tells prospective investors/lenders....The leadership in NYS is a huge risk and we would like you to know that. Just dumb!
Wow! The momo's that plowed into that stock at the open off the offer announcement must be ishting their paints now! Lol. Does the board want a higher offer?