going to "history back", in the early 1980's Bunker "Bungle" Hunt was trying to use his silver holdings to get loans to prop up his positions. when that FAILED, his whole play came appart and almost too the stock market with it. the march "silver scare" was one of the worst days on wall street ever. it was exceeded only by Oct of 1929, 1987 and recent events
reading between the lines, it looks like Sheldon Adelson MAY be getting into the same position.
I posted this in another thread.....
going to "history back", in the early 1980's Bunker "Bungle" Hunt was trying to use his silver holdings to get loans to prop up his positions. when that FAILED, his whole play came appart and almost too the stock market with it. the march "silver scare" was one of the worst days on wall street ever. it was exceeded only by Oct of 1929, 1987 and recent events
reading between the lines, it looks like Sheldon Adelson MAY be getting into the same position.
so I buy another 1k @ 4.80 and the fucker immediately goes to just over 4.30
in an up market where most of the gaming stocks are down just slightly percentage wise, it's pretty obvious there is SOMETHING that is SERIOUSLY WRONG with this company. it's down almost 25% just from yesterday and over 50% in 3 1/2 days
YIKES!!! I'm so SCARED I might BUY some MORE.
so I buy another 1k @ 4.80 and the fucker immediately goes to just over 4.30
in an up market where most of the gaming stocks are down just slightly percentage wise, it's pretty obvious there is SOMETHING that is SERIOUSLY WRONG with this company. it's down almost 25% just from yesterday and over 50% in 3 1/2 days
don't know BUT as I said, the stock is REALLY looking like shit. hit's an interday low of 4.32 and comes back SOME with the market up almost 700 BUT still below $5 on the day. WYNN, MGM and IGT came back HUGE off their lows, in fact IGT is UP on the day BUT very little bounce from LVS
tells me LVS is THE pee on the rug DOG in the group so SOMETHING'S going on. I just hope I can catch a short cover rally so I can GET OUT without TOO much damage.
I said that IGT was probably the SAFEST of the gaming plays and that's running true today.
You think LVS is going to file?
don't know BUT as I said, the stock is REALLY looking like shit. hit's an interday low of 4.32 and comes back SOME with the market up almost 700 BUT still below $5 on the day. WYNN, MGM and IGT came back HUGE off their lows, in fact IGT is UP on the day BUT very little bounce from LVS
tells me LVS is THE pee on the rug DOG in the group so SOMETHING'S going on. I just hope I can catch a short cover rally so I can GET OUT without TOO much damage.
I said that IGT was probably the SAFEST of the gaming plays and that's running true today.
Let's face it.....EVERY state should legalize all forms of gambling----horses, slots, lotto, tables, cards, sports. Then just tax the casino on their earnings (and also tax the "smart/lucky" gamblers on their winnings), and money would come in hand over fist to the states. Yeah, the movie houses, puccy clubs, strip joints and restaurants wouldn't like it, but fcku 'em-----they offer a bullsheet brand of entertainment anyway. That's their problem no one is interested in their same old song and dance anymore.
So simple. So easy.
MGM is up big on day.
Rink-
Let's face it.....EVERY state should legalize all forms of gambling----horses, slots, lotto, tables, cards, sports. Then just tax the casino on their earnings (and also tax the "smart/lucky" gamblers on their winnings), and money would come in hand over fist to the states. Yeah, the movie houses, puccy clubs, strip joints and restaurants wouldn't like it, but fcku 'em-----they offer a bullsheet brand of entertainment anyway. That's their problem no one is interested in their same old song and dance anymore.
And the gd "religious right" can bitch and moan all they want about "family values" and crap like that when their priests and parishioners are out leering at 10 year old boys at the local mall.
So what the f do we do, shut down grocery stores, too, cause there are too many fatsoes on the street?
It's personal choice. If you can't handle gambling, then don't do it. If you still do it and ruin your life cause of it, then that's the choice you made-----deal with it.
And the gd "religious right" can bitch and moan all they want about "family values" and crap like that when their priests and parishioners are out leering at 10 year old boys at the local mall.
So what the f do we do, shut down grocery stores, too, cause there are too many fatsoes on the street?
It's personal choice. If you can't handle gambling, then don't do it. If you still do it and ruin your life cause of it, then that's the choice you made-----deal with it.