Is everyone in a fullblown panic because of coronavirus?

vanzandt said:
CNBC has not said boo about casino stocks today. I shorted WYNN this morning just under $137 and I plan on holding it, although it may run here in the last half hour as day-traders cover to flatten out.

Edit: They have the biggest Macau exposure. And the New Year's party starts tomorrow. ;)
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;)

Edit: I know... that sounds (I mean 'appears', since it was a wink)...really bad. Oh well, are markets will open Monday, and winning is the name of the game. A stock is just a stock, or 3 or 4 letters in a trading window.
 
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They're saying 5 million people fled Wuhan(leaving 9 million left behind) before they closed off the city from travel. That's pretty huge and now makes me wonder if they are severely downplaying the amount of infected. People have to think they're in pretty imminent danger to flee a city by the millions, I would think. I've now gone from non-concerned to raising an eyebrow on this sitution.
https://www.nytimes.com/2020/01/26/world/china-coronavirus.html
 
vanzandt said:
Out pre-market @ $126.50.
Can't be greedy.
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Is this on topic? Kinda is. Anyway...
That bitch hit 121.10 at the bell. Nice bounce. Incredible bounce really. $125 now. The 200 day is about $124. Earnings tomorrow.
Hmph.
OK, no more about this here.

vanzandt said:
Edit: They have the biggest Macau exposure. And the New Year's party starts tomorrow.
More...

Through the third day of the Chinese New Year holiday, Macau visits were down 60% year-over-year, according to Deutsche Bank. Wynn Resorts, Las Vegas Sands and MGM Resorts International all have revenues coming from Macau. Wynn dropped 8%, Las Vegas Sands fell 7% and MGM ticked 5% lower in premarket trading on Monday. –Fitzgerald

:rolleyes:
 
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