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    All Forums | Investments

    local Las Vegas news on LVS

    123 Next Last»
    LeRinkRat
    wallstreetcappers
    claycourtlesson
    tblinco32
    wonwiththehook
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    123 Next Last»
     
    LeRinkRat
    LeRinkRat
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    Posted: Oct. 24, 2008 - 3:35 PM ET #1

    local noon news business reporter saying that IF Sheldon Adelson can NOT restructure the LVS debt, they may have to go chapter 11
    Reply
    To remove first post, remove entire topic.
    local noon news business reporter saying that IF Sheldon Adelson can NOT restructure the LVS debt, they may have to go chapter 11
     
    wallstreetcappers
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    Posted: Oct. 24, 2008 - 3:42 PM ET #2

    That might be why the stock is down 25% today.

    If that stock is in question for CH 11 then MGM has to be at the courthouse already.

    LVS has supposedly 800M cash and 9B debt

    MGM has 280M in cash and 13B in cash.

    If one thinks LVS is swirling, MGM has to be signing the docs already.
    Reply
    That might be why the stock is down 25% today.

    If that stock is in question for CH 11 then MGM has to be at the courthouse already.

    LVS has supposedly 800M cash and 9B debt

    MGM has 280M in cash and 13B in cash.

    If one thinks LVS is swirling, MGM has to be signing the docs already.
     
    claycourtlesson
    claycourtlesson
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    Posted: Oct. 24, 2008 - 3:46 PM ET #3

    800 m cash and 9b debt?
     
    Sounds like the US gov't.
     
    Maybe LVS can just pull a Bernanke/Paulson bailout special and just print up some money to pay off their crap?
    Reply
    800 m cash and 9b debt?
     
    Sounds like the US gov't.
     
    Maybe LVS can just pull a Bernanke/Paulson bailout special and just print up some money to pay off their crap?
     
    LeRinkRat
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    Posted: Oct. 24, 2008 - 4:38 PM ET #4

    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.
    Reply
    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.
     
    tblinco32
    tblinco32
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    Posted: Oct. 24, 2008 - 5:19 PM ET #5

    With this news, what is the play here?
    Reply
    With this news, what is the play here?
     
    wonwiththehook
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    Posted: Oct. 24, 2008 - 6:18 PM ET #6

    WOW !!
     
    I guess I'll wait a few days and let the smoke clear. Any news on IGT ?
    Reply
    WOW !!
     
    I guess I'll wait a few days and let the smoke clear. Any news on IGT ?
     
    LeRinkRat
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    Posted: Oct. 28, 2008 - 12:34 PM ET #7

    LVS early trading interday low of 4.85 tuesday 10-28
    Reply
    LVS early trading interday low of 4.85 tuesday 10-28
     
    LeRinkRat
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    Posted: Oct. 28, 2008 - 12:44 PM ET #8

    unreal volume in LVS the last four trading sessions.....
     
    thursday 10-23 = just over 15 million
    friday      10-24 = just under 22 million
    monday  10-27 = arround 14 1/2 million
    tuesday  10-28 3+ hours into the session almost 10 million AND just hit a 4.80 intraday low
     
    YIKES!!! I'm so SCARED I might BUY some MORE.
    Reply
    unreal volume in LVS the last four trading sessions.....
     
    thursday 10-23 = just over 15 million
    friday      10-24 = just under 22 million
    monday  10-27 = arround 14 1/2 million
    tuesday  10-28 3+ hours into the session almost 10 million AND just hit a 4.80 intraday low
     
    YIKES!!! I'm so SCARED I might BUY some MORE.
     
    wallstreetcappers
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    Posted: Oct. 28, 2008 - 12:45 PM ET #9

    They sure are pricing these stocks as to not getting financing arent they?
    Reply
    They sure are pricing these stocks as to not getting financing arent they?
     
    LeRinkRat
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    Posted: Oct. 28, 2008 - 2:04 PM ET #10

    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
    Reply
    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
     
    wallstreetcappers
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    Posted: Oct. 28, 2008 - 2:36 PM ET #11

    Rat,

    At this price the market is either talking or the hedgies are pouncing.

    I hope the hedgies are pouncing on fear and they come back to buy-to-cover and you make a killing in short order.  
    Reply
    Rat,

    At this price the market is either talking or the hedgies are pouncing.

    I hope the hedgies are pouncing on fear and they come back to buy-to-cover and you make a killing in short order.  
     
    LeRinkRat
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    Posted: Oct. 28, 2008 - 2:43 PM ET #12

    I hope the hedgies are pouncing on fear and they come back to buy-to-cover and you make a killing in short order.  
     
    good theory BUT thats what I thought at just under $9
     
    broke a basic rule of trading. DON'T pick bottoms. better to pay up on the way up.
    Reply
    I hope the hedgies are pouncing on fear and they come back to buy-to-cover and you make a killing in short order.  
     
    good theory BUT thats what I thought at just under $9
     
    broke a basic rule of trading. DON'T pick bottoms. better to pay up on the way up.
     
    tblinco32
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    Posted: Oct. 28, 2008 - 3:44 PM ET #13

    Rat,
     
    You think LVS is going to file?  I just bought 1K of MGM at 8.99
     
    Reply
    Rat,
     
    You think LVS is going to file?  I just bought 1K of MGM at 8.99
     
     
    LeRinkRat
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    Posted: Oct. 28, 2008 - 3:59 PM ET #14

    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.
    Reply
    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.
     
    udzone
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    Posted: Oct. 28, 2008 - 4:00 PM ET #15

    Doesn't MGM have their conference call tomorrow?

    Reply
    Doesn't MGM have their conference call tomorrow?

     
    tblinco32
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    Posted: Oct. 28, 2008 - 4:09 PM ET #16

    IGT does look to be the best right now, thats not showing much thought!  GL with LVS
    Reply
    IGT does look to be the best right now, thats not showing much thought!  GL with LVS
     
    LeRinkRat
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    Posted: Oct. 29, 2008 - 9:32 AM ET #17

    Doesn't MGM have their conference call tomorrow?
     
    MGM Mirage Q3 revenue $1.79 bln vs $1.90 bln
     
    MGM Mirage Q3 EPS 22 cents vs 62 cents
     
    https://www.marketwatch.com/quotes/mgm
     
    I guess it wasn't as BAD as expected. opened @ 11.22 +0.55
    Reply
    Doesn't MGM have their conference call tomorrow?
     
    MGM Mirage Q3 revenue $1.79 bln vs $1.90 bln
     
    MGM Mirage Q3 EPS 22 cents vs 62 cents
     
    https://www.marketwatch.com/quotes/mgm
     
    I guess it wasn't as BAD as expected. opened @ 11.22 +0.55
     
    LeRinkRat
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    Posted: Oct. 29, 2008 - 10:22 AM ET #18

    so did paulson guarantee LVS, MGM and WYNN debt wednesday? LVS +1.75, MGM up 2.20 and WYNN up 7.35
     
    either the mother of all short covering or SOME fundmental changed.
     
    btw, Maryland has going legal for slots on the ballot. THAT passes it's "mo money, mo money, mo money" for IGT
    Reply
    so did paulson guarantee LVS, MGM and WYNN debt wednesday? LVS +1.75, MGM up 2.20 and WYNN up 7.35
     
    either the mother of all short covering or SOME fundmental changed.
     
    btw, Maryland has going legal for slots on the ballot. THAT passes it's "mo money, mo money, mo money" for IGT
     
    claycourtlesson
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    Posted: Oct. 29, 2008 - 10:28 AM ET #19

    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.
     
    So simple.  So easy.
    Reply
    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.
     
    So simple.  So easy.
     
    claycourtlesson
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    Posted: Oct. 29, 2008 - 10:33 AM ET #20

    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.
     
    "Yes, gambling destroys families."  FCKU that!!!!!!!!!!!
     
    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.
    Reply
    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.
     
    "Yes, gambling destroys families."  FCKU that!!!!!!!!!!!
     
    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.
     
    udzone
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    Posted: Oct. 29, 2008 - 10:50 AM ET #21

    FYI latest poll on Maryland slots question was 62% pro

    Reply
    FYI latest poll on Maryland slots question was 62% pro

     
    wallstreetcappers
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    Posted: Oct. 29, 2008 - 11:50 AM ET #22

    Looks good on LVS rat.

    Dont let her go just yet, she is still hitting highs intraday, usually means even higher.

    I would use a trailing stop and see where this could go, could EASILY go into the teens..easy.
    Reply
    Looks good on LVS rat.

    Dont let her go just yet, she is still hitting highs intraday, usually means even higher.

    I would use a trailing stop and see where this could go, could EASILY go into the teens..easy.
     
    depeche2
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    Posted: Oct. 29, 2008 - 12:17 PM ET #23

    LVS up 77% today....and I'm still in the red.

    Timing
    Reply
    LVS up 77% today....and I'm still in the red.

    Timing
     
    claycourtlesson
    claycourtlesson
    All-Star
    Participation Meter
    Joined: Jan, 2006
    Posts: 14917
    Posted: Oct. 29, 2008 - 12:48 PM ET #24

    LVS earnings coming on Monday.
     
    Any pullback in this and I will get all over it for a "trade" only.
     
    Check out the options volume for November today.  Massive volume on the bullish side (DITM calls and WOTM puts). 
     
    This is strong.
    Reply
    LVS earnings coming on Monday.
     
    Any pullback in this and I will get all over it for a "trade" only.
     
    Check out the options volume for November today.  Massive volume on the bullish side (DITM calls and WOTM puts). 
     
    This is strong.
     
     
    claycourtlesson
    claycourtlesson
    All-Star
    Participation Meter
    Joined: Jan, 2006
    Posts: 14917
    Posted: Oct. 29, 2008 - 12:50 PM ET #25

    This thing (LVS) either goes back to 3 or goes 17ish by Nov expiration.
     
    Don't like options at all, but any pullback and some Nov 5 calls look outstanding.
    Reply
    This thing (LVS) either goes back to 3 or goes 17ish by Nov expiration.
     
    Don't like options at all, but any pullback and some Nov 5 calls look outstanding.
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