Biotech scam pricing will be crushed by HRC and you will see how unprofitable these one trick ponies really are.
It will come back. Just wait till J Park and the other insiders finish unloading down hear.
I'm going to agree with this price target. How with a recession or even worse depression around the corner are people going to justify going to Vegas? Most foreign tourism has slowed because of the dollar so all these BS price targets and Macau recovery false stories are scamming investors. Who cares if Wynn bought a boat load of shares. He's a billionaire what else is he going to do with his money?
That was priced in the stock back in Q3-Q4 when it was being pumped by all the analysts. Now the share price is pricing in the miserable Q1 and probably Q2 guidance that is coming so now the PT Cuts are rolling in.
Just like BBRY shareholders figured out, big cash no debt reverses pretty quick when your product is not being bought.