Gambling/Casino Stocks

Don't know if it is too late to be long.
I recently initiated intermediate shorts in WYNN and LVS and am getting pumelled.
Doesn't feel like the longs are on the weak side.
 
got short LVS today w/ the options on a backspread basis / 115 / 105

looking for a hit out of the park using small capital...

see if it trades down tomorrow, would be a nice start...and sell half into monday's open if it's down....

FWIW...not trying to make anybody's mind up for them.
 
Quote from dr_sean:

got short LVS today w/ the options on a backspread basis / 115 / 105

looking for a hit out of the park using small capital...

see if it trades down tomorrow, would be a nice start...and sell half into monday's open if it's down....

FWIW...not trying to make anybody's mind up for them.

LVS not giving it up just yet...I woulda preffered a gap UP open and then selling it OFF, when we got just the opposite...

122 did get sold aggressively though.
 
Can anyone explain why LVS and WYNN only go up. Some of these stocks are up over 200% in only a few years.


:eek: :eek: :eek: :eek:
 
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