Ideas For Now-

Usher really?

Live Nation (LYV) said in a release, "Global megastar and eight-time GRAMMY Award-winner Usher will headline a Las Vegas residency at The Colosseum at Caesars Palace (CZR), opening Friday, July 16, 2021. The multi-talented showman will give his fans an extraordinary immersive experience that only Usher can deliver. The exclusive, only-in-Vegas spectacular will be performed in The Colosseum, an intimate 4,300-seat world-class performance venue

How many of those seats can be sold in these times?
 
I think the plan is wait for LCA to settle back down to $16 or so and then take Golden Nugget for a ride. In one month $14--->$18 al the while we have been watching it.
 
Sometimes you get a inkling and the idea is right but the actual execution is somewhat different. So all along I've been saying the return of the NFL is going to top tick this market because people (in Green tights) will have something to gamble on again.

But what if it's just my personal bull market in these regional casinos-- what if that's what pops the thesis of sports gaming and betting..
 
stonedinvestor said:
Well I'm thinking this start of the NFL season is a sell the news event for these Casino stks. You know when Cramer jumps on that you are way long in the tooth.

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Hi stoney.

Yeah good call on the above. That's a good rule of thumb. Most of the time anyway.

Hey! Did you happen to check in on SWBI? Remember my short call, the one you didn't like lol?

stonedinvestor said:
van we are geting sloppy Smith & Wesson is up 14% today you told me it was last weeks story! they report earnings in a few days they will be HUGE!! VAN! Darn It. Now is it too late!!!

->Smith and Wesson call volume above normal and directionally bullish 12:05 SWBI Bullish option flow detected in Smith and Wesson with 15,378 calls trading, 6x expected, and implied vol increasing over 19 points to 143.15%. Sep-20 22.5 calls and Sep-20 20 calls are the most active options, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 0.10. Earnings are expected on September 3rd.<-- 2 days!! Ayyyyyyyy

& I'm not on a gummy just missing!!! I've gone blind!!! Stock BVlind HELP!!!!

SWBI
Smith & Wesson Brands
$20.88

+2.58(+14.10%)

UP 14% on a Downgrade! Smith & Wesson Brands price target lowered to $25 from $28 at Lake Street »
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It's $17 as I type. That's a 25% score for team GBA, (even though the senior partner didn't like it.:rolleyes: )

I told ya it would sell off. It went higher too just like I thought it might, all the way to $22 right before the ER. And... they smoked the top and bottom line just like I said. No guidance.

Ya know, the FBI publishes monthly background check data. It doesn't take much to know when this sector is on fire. Even with GBA's lack of high tech research equipment and software as compared to our NYC brethren, some things are easy. Such an obvious trade.


Screenshot from the fbi's website:

upload_2020-9-10_11-33-28.jpeg


vanzandt said:
It may keep going, but its really a stupid long term investment if you think about it. If Trump wins, it dives again. If Biden wins and more 2nd amendment restrictions are put in place, yeah they'll see another bump, but then sales will fall as more prohibitive policies come into effect. The other thing you have to ask, is there a point when everyone who is going to buy a gun, bought a gun?

It trades at 17X FCF.
If it gets too much higher, it goes on the short list.
I bet it sells off on earnings as they won't provide guidance.
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Anytime a stock goes way up in advance on what will be an obvious quarterly result.... short it.
-vz
:sneaky:

Some writer on Motley yesterday said it has a 50% pop left in it. $25? It'll take a long time now that's for sure.
 
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