Hello Investors, Last time I made a bold statement that probably was distasteful to read. However the divergence we looked at did work and MGM did drop, I'm happy about that turnout. I didn't make any money on the drop, but it tells me I'm in harmony with the market sentiment at the moment. Looking at the current 200 MA (close), I think the price will...
$MGM in a very precarious position. It is bear flagging. RSI hitting still has not broken downtrend resistance and it is dangling on uptrend support. Disclosure: last Friday I sold may 15 15-17 call credit spreads above market price to finance some speculative puts
Contextual immersion trading strategy idea. The demand for shares of MGM Resorts International looks lower than the supply. The company owns and operates an integrated casino, hotel, and entertainment resorts. Due to the spread of COVID-19, the demand for the company's services fell. This and other conditions can continue to cause a fall in the share price in...
Contextual immersion trading strategy idea. Boyd Gaming Corporation has a strong downside trend. Due to the downside market trend and spread of the COVID-19, the demand for casino services fell. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $8,79; stop-loss — $9,71. Information about...
The mega deal, CBS / Viacom, is finally done but now we have ViacomCBS sitting at just 5x earnings. Netflix could gobble up ViacomCBS without hesitation. If Netflix bought ViacomCBS (VIAC), it would create a mega media mogul. With the purchase of ViacomCBS, Netflix would cut it's royalties / expenses because it would then own a mega selection of content. Also,...
CBS Sports Partners with William Hill. It's the Latest Media Company to Embrace Sports Betting. -- Barrons.com Mentioned: VIAC VIACA By Nicholas Jasinski ViacomCBS' sports division will join with U.K. bookmaker William Hill on creating sports betting content across its digital and television platforms. It follows Fox Corp's deal with Stars Group on FOX Bet....
Today after the market closed, VIACOM announced a sports betting deal with William Hill - As many know, Sports Betting is becoming legal statewide & it's a multi-billion dollar industry. Feb. 10, 2020 – LAS VEGAS – CBS Sports and William Hill, America’s leading sports book operator, today announced a strategic partnership that makes William Hill the Official...
NYSE:MGP MGM Growth Properties has great potential to outperform the market. I believe that right now is a good pullback price and based on a DCF Valuation it is trading at a discount currently. $MGP is at a 6.57 Div/Yield rate and climbing. On top of the great dividend, it has shown solid Capital Appreciation and I'm looking for continuing growth. On top of...
CASINOS DONT LOOSE MONEY .) ANDD MAYTAG MEN DO LOOOOOOOVE THEIR CASINOS FRESH N CLEAN PERMA PRESS EVERY DAY..DDDDDDDDDDDDDDDDD$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ BUY.. NO BRAINER
Litecoin doesn't make a lot of sense to Bitcoin fans, and is seen as some kind of 'regular cola' imitation thing. But it's friendly image, attractive price and pole position on Coinbase makes it popular with the dumb, unthinking first time gamblers who waddle in to the crypto casino. For that reason I want to keep an eye on it while we wait for an (inevitable!)...
Fundamentals vs Technicals Fundamental mover ahead: US Payroll result on Friday affecting global sentiments Technicals Bullish Flag formation
Caesars Entertainment has been in a long channel up trend since the start of the year. Most recently, we have seen higher lows with steady highs. See them on the chart. BUT- the channel had roughly the same highs. Just yesterday it broke through that channel on the high side, and I bought in. (Entry in blue) My S/L is at the bottom of the recent gap...
Wynn Macau Ltd HKG: 1128 Fundamentals: Since 2018. Wynn Macau is one of the one casino in Macau to capture most of high-roller gambling activity, consistently leading Macau on the VIP drop. Galaxy and Wynn contributed to close to 45% to the VIP volume. Why VIP Volume? Investors place heavier emphasis on main revenue driver, revenue numbers, which are mostly...
The main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business. Suggest to look for opportunity to long around 0.96 will be a good area to long SL : 0.84 TP : Follow arrow
Everything is right in the chart. Buy = green area Sell = Red resistances Patience is key!
I've been following WYNN for a while and I use this as one of my recession indicators of the economy. I believe people are head above water high in credit debt and can no longer afford to gamble or visit the casino. My prediction is a -6 to -8% drop before it does a dead cat bounce up.
This is an update from my previous idea a couple days ago (linked below). FunFair is continuing to tighten up into a bull flag. We are currently completing the second leg up and I expect will head back down to test the support area below. I expect FUN to break out around April 21st and make a 30% move up to the next area of resistance.